Loan Officer Practice Test
Your Proven Shortcut to Loan Officer Success
Get exam-style questions, detailed explanations, and realistic timing to master the latest State Licensing Boards. Prepare Loan Officer practice test then walk into your Finance, Insurance and Real Est exam with confidence.
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How Our Practice Exam Works?
Study wherever, whenever with these quiz practice questions for Loan Officer:
Pick a Mode
You can choose Study Mode for course preparation and Exam Mode (timed 90-minute) for simulation.
Realistic Mix
Loan Officer exam questions reflect both multiple-choice and scenario/performance-style prompts aligned to exam objectives.
Detailed Explanations
Every question includes a clear explanation, so you know why an answer is correct.
Domain Analytics
See strengths/weaknesses by the domains & sub-topics to focus your revision.
Reattempts
Retake Loan Officer practice exam to improve your speed and accuracy; watch your score trend toward the benchmark.
Exam Simulator
Get a feel for the real exam with our State Licensing Boards practice test.
Why Choose PrepHOW for Loan Officer Practice Questions
Train the way you'll be tested. With the most clinically accurate, expertly written question bank, you’ll build the speed, accuracy, and confidence needed to pass the Loan Officer on your first attempt.
- 1. Practice & Exam modes to switch between learning and testing
- 2. Detailed answer explanations for every question
- 3. Instant scoring & feedback to show what you missed and why
- 4. Smart dashboard to track strengths, weaknesses, and progress
- 5. Study anywhere with mobile-friendly design
- 6. Updated Loan Officer questions bank to match the latest exam changes
- 7. Free practice test to start - no credit card required
Real Exam Feel
Mock Exam/Study modes, question flagging, and instant or end-of-exam feedback.
Smarter Analytics, Faster Improvement
Trend charts so you can see when you're consistently above the passing scrore.
Quality You Can Trust
Clear, teach-back explanations with why the correct answer is right and why others aren't.
Frequently Asked Questions
What is the Loan Officer exam?
The exam is the licensing test required for individuals who want to work as a mortgage loan originator (loan officer). It assesses knowledge of federal and state mortgage‐related laws, loan origination activities, ethics and general mortgage lending practices.
How many questions are on the test and what is the passing score?
The exam consists of 125 multiple-choice questions. You must score 75% or higher to pass. Note that only 115 questions are scored; 10 are "pretest" questions used for future exams.
Who needs to take this exam?
You need to pass the SAFE MLO test if you are a mortgage loan originator working for a non-bank, state-licensed lender. (Most employees of federally insured banks and credit unions are registered, not state-licensed, and may not need this specific test).
What are the main topics covered on the exam?
The test is divided into two parts:
- National Component (75%): Covers federal laws and regulations like TILA-RESPA Integrated Disclosures (TRID), Fair Lending Acts, Ethics, and the Secure and Fair Enforcement (SAFE) Act.
- Uniform State Component (25%): Covers state-specific laws and regulations for the state in which you are seeking a license.
How do I schedule my exam?
You must schedule your exam through the official testing provider, Prometric. You can create an account and schedule your test on their website after you have completed your pre-licensing education and received an eligibility ID from the Nationwide Multistate Licensing System (NMLS).
What kind of study materials are recommended?
Most candidates use a combination of:
- Official NMLS Resources: The NMLS provides a detailed test content outline, which is the essential study guide.
- Pre-Licensing Education Courses: Approved 20-hour courses cover all the necessary material.
- Prephow Practice Tests: These are crucial for memorizing key definitions, regulations, and math formulas.
How long is my test score valid?
Your passing test score is valid for five years. You must complete the rest of your licensing requirements (like the 20-hour pre-licensing course and a background check) and submit your license application to the state within that five-year window.