Challenge Your Exam Readiness With Our Free NMLS Practice Questions

Question # 41

Which of the following best describes the difference between the primary and secondary mortgage markets?

Options:

A.

Primary lenders service loans, while secondary lenders originate them.

B.

The primary market originates loans, while the secondary market purchases and sells them.

C.

The primary market insures loans, while the secondary market guarantees them.

D.

The primary market sets interest rates, while the secondary market regulates underwriting.

Viewing question 41 out of 72 questions
Industry research shows that students who utilize NMLS practice tests are significantly more likely to pass exam.


Our free NMLS practice questions act as a diagnostic tool to give you a clear snapshot of your SAFE Mortgage Loan Originator readiness. Discover which topics are your strengths and, more importantly, which critical topics require your immediate attention.

Go to NMLS Exam Main Page

NMLS Overview

Name SAFE Mortgage Loan Originator
Code NMLS
Vendor Finance, Insurance and Real Est
Certification Nationwide Multistate Licensing System (NMLS)

NMLS Questions