Pop Quiz for the MLO Test (Updated with subtitles of the questions)

[@nchekube31]

If you are about to take your exam listen to this over and over and over again. That is exactly what I did and I was able to pass. Thank you Lance you're the best!

[@JosePena-hj6ll]

how many deals you do so far ?

[@jragon9215]

No you listen to me! She needs to come back and have another session with Lance the dragon master.

[@MzzzTbaby]

I'm very appreciative of these videos that you share. I am scheduled to take the exam January 6 2022. Your videos are helping me tremendously. I thank you

[@Claysmile]

@@MzzzTbaby You're welcome! I'm grateful to be part of your journey!

[@HimynamesDave1]

@@MzzzTbaby best of luck with your exam! I’m scheduled for January 11th!

[@MYfriendsknow]

*Love that study tip:: LE (loan estimate) is 3 pages and you must keep / save in your records (retention) for 3 years. Likewise, the CD (closing disclosure) is 5 pages and you must keep / save in your records (retention file) for 5 years.

[@jeanchen8352]

😊

[@JakeDessart]

Hi Lance! While watching your videos over and over again I was praying that all of these comments saying how helpful these videos are were true. They most definitely were. For anyone looking to pass this exam, Claysmile is the best recourse out there, along with Artricia Woods from Affinity. Memorize all of the acronyms in this video and watch it until you can say the answer to the question before they do. This video in particular was the most beneficial for me. I used these videos, the Affinity Mastery Course, and compucram to study and passed the first time. There is a lot of information to cover but if you put in the time and understand the regulations you will pass on the first try. Thanks again!

[@Claysmile]

Thanks! And congratulations on passing the test. I'm grateful to be part of your success journey!

[@beeyondsr20det]

How many times before the information started to stick?!

[@faisalkhawaja8895]

Mr. Claysmile, I have just passed my exam few days ago on Dec 31 2022. Your videos for MLO exam are amazing and very helpful.Thank you so much and God bless you.🙏

[@Claysmile]

You're very welcome Faisal! Congratulations on passing the test! I'm grateful that God enabled me to play a role in your success journey.

[@mase512]

Just passed my test on the second try! Your videos help me more than my paid online course. Thank you for the information and support! Also, loved the subtitles as it allowed me to visualize questions and make flash card’s!

[@Claysmile]

@@mase512 You're very welcome! I’m grateful I was able to help and be part of your success journey! And congratulations on passing the test! And as you start your career as a MLO, make sure you get a good mentor to because mentorship is key! Blessings to you as you begin this new chapter in your life. Stay humble, stay grateful, and stay prayerful.

[@teddymeyer6525]

Thanks to YOUR MLO study sessions, I passed the exam. THANK YOU

[@ryandollaga6518]

Literally this clip helped me tremendously to pass my exam the other day! This is the ONLY thing I’ve watched on the day of my exam and I freaking PASSED! Thank you very much Lance!

[@Claysmile]

You're very welcome! I'm grateful to be part of your journey! And congratulations on passing!!

[@makpimp4eva14]

all your videos were a life saver but this one was especially good! I recommend when people finish their course and study the material, purchase an exam prep course and do all of their exams, then go through the exams from start to finish again writing down only the wrong answers then looking through your notes to see why you got it wrong if the explanation on the practice test was not good enough. Then keep retaking the exams and rewriting the wrong answers until you start scoring in the 90's on the exams but not just to memorize the right answer but go back through the material and understand the answer. THEN put all of that material to the side and watch this entire playlist and write notes because i can guarantee it will cover things your class or text did not cover. The day before my exam i did not take any practice tests. I simply sat at the computer for about 7/8 hours with breaks and listened to these videos and i got a wealth of knowledge, especially from this video. i spent roughly and additional 50 hours studying after the course. i took the 14 day online option from oncourse learning and i believe it was the saving grace because it forced me to read the entire book they provided and take notes. I also purchased the oncourse learning exam prep XL which was awesome and the practice exam questions were really good. I've heard that the mortgage educators school one is very good as well. Anyways I hope this can help people with some guidance. the purpose of taking the exams over and over again isn't to just memorize the right answer but to train yourself how to read the questions and how to properly understand the material and you will achieve that with getting questions wrong and going back to understand why the right answer is the right answer.

[@daniellesullivan5]

Best advice I’ve heard in one nutshell 🙏🏾❤️💪🏾

[@luciaquiroga6272]

Hello guys, thanks for all your courses, I leaned on them and repeated them all the time, I took the book on my own and read it completely 2 times, and with you I rested. thanks a lot I got pass the test!

[@Claysmile]

You are very welcome and thank you for sharing the feedback. We are grateful to be part of your journey!

[@marktadros5198]

Lance!!! I can't thank you enough! Just passed my test today, first try, with an 80%! Mixed with Affinity, MEC, and your videos (your videos especially), I felt super confident going in. Listened to this on my drive to the test, and thank God I did....The test was absolutely designed to trick you, but first thing I did when I started the test was write down KAMILAS, TRAIL, MICEDOES, etc. and they were seriously so helpful, thank you so much!! God bless!

[@Claysmile]

You are very welcome Mark! Congratulations on passing the exam. I'm grateful to be part of your journey!!

[@jmurrell4mortgages465]

I cannot thank you enough for your videos. Today I passed my exam with a 88%! I watched and listened to this non stop from 10 days. Incredible info.

[@Claysmile]

You're very welcome Jordan! And congratulations on passing! By the way, I have a Facebook page called "NMLS Test Prep Educator Claysmile". Please consider visiting my Facebook page and leaving a rating and review. Here is the link to the page: facebook.com/NMLS-Test-Prep-Educator-Claysmile-100197295971682 Also, I just want to make sure you are aware of these additional resources: Join the private Facebook group “Life After Test - For Mortgage Loan Originators”: facebook.com/groups/1307411746301458 Thank you and I look forward to keeping in touch with you along your journey!

[@Epicure_Voyage]

I salute you sir. for your hard dedicated work! It helped people like me pass the NMLS Safe Exam 10/08/2021. I highly recommend this outstanding study material along with Affinty Real Estate ONLINE EXAM PREP - MASTERY LEVEL COURSE! BTW: I took Affinity Exam Pre from my home State of Texas.

[@greatlakes7942]

Failed two years ago, and I scheduled test only 10 days prior to the test date, and this time I did not read books, but watched your footage. Passed yesterday with score 88. Incredible help! Thank you, Lance. I shared this link with another guy who will take the test next week.

[@Claysmile]

Excellent! You're very welcome. And congratulations on passing the test!

[@rubigonzalez7728]

Thank you, for this video. I just passed my exam today!!! I listen to this every day and all your videos.

[@Claysmile]

You are very welcome! I feel very fulfilled to know that I played a role in your success journey. Congratulations on passing the exam and let's keep in touch. On Facebook, you can find me by searching "Lance Claysmile Smith"

[@levasseurland1470]

Hi Lance! I just wanted to say thank you so much for putting up these videos!! They were so helpful. I have never worked in the mortgage industry and I had no idea what to expect on the MLO test, but I passed first try 80% thanks to watching your videos! They really helped give me a better understanding of things. Thank you!!!

[@Claysmile]

You're very welcome! And congratulations on passing the test. I'm grateful to be part of your journey!

[@envoy016]

Passed my Pre-Licensing Ed with oncourse learning just this past weekend 🙏🏽 now studying for the real deal and this and many of your videos help a lot! Thank you once again you truly are a great teacher 💯

[@joycebf99]

I just want to thank you guys for these videos! I passed the exam and could not have done it without you guys!

[@Claysmile]

Congratulations Joyce! And thank you for that awesome feedback. I'm grateful to be part of your journey!

[@troybeardsley1600]

Hey man I just wanted to let you know I passed my test a few days ago. You were such a big help bro, thank you both!

[@Claysmile]

You're very welcome Troy! I'm grateful to be part of your success journey. And congratulations on passing the test! If you know of other students studying for the test, please remember to share the link with them.

[@Cheddar_Wizard]

These videos are invaluable for exam prep. Great work, looking forward to being a licensed MLO

[@Claysmile]

Thanks! And more free group tutoring is in the MLO Study Buddy Facebook group.

[@douillette009]

Thank you so much for your videos and the efforts you put in to give this to people like me. You’re a huge reason why I passed my first time. Just thank you thank you thank you!

[@Claysmile]

You're very welcome! I'm grateful that I'm part of your success journey! Congratulations on passing the test!

[@jacobt1063]

Found this video on Saturday and passed 1st try Monday! Did 20 hrs with oncourse... got their prep xl with the 8 practice tests...the 80 page affinity study guide...this video quiz is way harder than the actual exam...so if you do good on answering these questions you will smoke the exam!

[@Claysmile]

Congratulations Jacob! I'm grateful to be part of your journey!

[@Shellycuatro]

This was great, thank you! You mentioned this but-- it would be awesome if when you two initially state the Acronyms you orally SPELL them and LIST the letters on the screen. It is hard to see the white board. Then watchers can quickly jot the acronym down and then fill it in as you elaborate. I was definitely taking notes. Great Job, thank you again!

[@Joshg982]

Hi Lance, like many others have done in the comments, I just wanted to come back and convey my sincerest thank you to you for the content. In large part because of your videos, I was able to pass the SAFE test on my first try! Your content was an incredible help to me, and in the weeks leading up to the test, you almost felt like a new member of my family because you were in my living room so much (on the TV screen).😅 Anyway, thanks so much again and God bless!

[@Claysmile]

You're very welcome! Congratulations on passing the test and thank you for your message. I'm grateful to be part of your success journey!

[@NickBB]

Can someone make a quizlet out of these 🙌🏼 great info !

[@jojijanis]

This is really good guys! Love the way you explain / your thought process in dealing with the questions. Hope to see more of these in the coming days. Taking my test, GOD willing, end of July.

[@letskanikapila]

How did you do?

[@RinGin28]

Taking my test for the second time on Wednesday (failed the first time with a 71% ) been listening to your videos constantly ! Thanks for the great info !!

[@Claysmile]

You're welcome! And I have some more resources on my Facebook page: facebook.com/TestPrepEducatorClaysmile

[@agusadventure3063]

omg i’m so surprised with how much i remember i love this thank you !!! it helps so much

[@mirlienepierre732]

Passed with an 81% on my first try!! Thanks to your videos as well as affinity!!

[@Claysmile]

Congratulations Mirliene! I'm grateful to be part of your journey!

[@carol75596]

Thank you! I am studying for my MLO exam and I came across your videos, they are very helpful

[@ejohnson5448]

You two are so kind to share by helping others pass this difficult exam ❤ Please believe you are very much appreciated 💯

[@shirley.9302]

I am learning about this career before i take the 20 hour course. Thank you for this class.

[@openmindedmafia7839]

passed my SAFE Exam today on the first try & just wanted to say thank you Lance for the work you put in to creating these easy to digest videos for those that are studying & stressing!Seems like Atricia rubbed off on you! God Bless & keep up the good work!

[@Claysmile]

My pleasure! I'm grateful to be part of your journey. Congratulations on passing the test! And yes, Artricia's Mastery Course helped me a lot.

[@Shankfilms]

Taking the test tomorrow for the 2nd time! This video really helped test my knowledge and how prepared I really am! Thanks 👍

[@karenfonthal3499]

how did it go?

[@FranktheTank70]

@@karenfonthal3499 He Shanked it

[@user-mx8le8gi5o]

Thank you Clay. I passed with a 90% first try, no prior experience.

[@Claysmile]

You are very welcome! I'm grateful to be part of your journey!

[@user-mx8le8gi5o]

@@Claysmile I have the exam posted in a frame! It took me 4 hours to complete, but when I finally completed it said 90%! I was so happy! Your learning structure is so organized and detailed, it really helped me understand the key details I needed to know that weren’t mentioned elsewhere by other learning resources. Thank you! 🎉

[@carol75596]

Passes on my first try… these videos and tips helped me a lot!

[@smile.behappy.andlive2063]

Good afternoon Everyone! I just wanted to thank you for Jen Cheat Sheet, resources in the files, and Lance from KZbin! This test was extremely hard;however I did pass the exam! 🙏 Trust Affinity’s training process as well! Blessings to everyone!

[@christiancruz8169]

Where is the Jen cheat sheet? I don’t see it

[@praizequeen]

Thank you Thank you Thank you! Pass my test on the first try!!! Y'all are awesome. ❤️❤️❤️

[@Claysmile]

You're very welcome Ruby! And congratulations! I'm grateful to be part of your journey.

[@loanexpertdfw]

Love the subtitles!

[@navd]

Thank you ! This video helped me pass my test !

[@Claysmile]

You're very welcome! And congratulations on passing the test! And as you start your career as a MLO, make sure you get a good mentor to because mentorship is key!

[@asharb1949]

Love these videos! These definitely helped me pass!

[@Claysmile]

Congratulations Ashar! I'm grateful to be part of your journey

[@momoftwo8415]

More of this please. Thank you Lance.

[@Claysmile]

We also have a lot of study documents, including Jen's cheat sheet, in this Facebook group: facebook.com/groups/257646308865682

[@momoftwo8415]

@@Claysmile I did joined the group before I found this. I really appreciate you guys. I’m new at this but you make it easier for me to understand. Thanks

[@Claysmile]

@@momoftwo8415 Awesome! and when you get a chance, can you leave a rating and review on my facebook page: facebook.com/NMLS-Test-Prep-Educator-Claysmile-100197295971682

[@martinvirabyan1990]

Bravo guys I learned a lot of good information hopefully the test going to have same questions Thanks 😊

[@843pook]

Great video. Would definitely love to see another one

[@Claysmile]

Thanks! And I recently added part 2 to the playlist

[@jamalrodriguez9683]

Thank you guys so much. Truly grateful

[@Claysmile]

Our pleasure! We are grateful to be part of your success journey!

[@Claysmile]

Also, I have a Facebook page called "NMLS Test Prep Educator Claysmile". When you get a chance, please leave a rating and review. Here is the link to the page: facebook.com/NMLS-Test-Prep-Educator-Claysmile-100197295971682 Also, I just want to make sure you are aware of these additional resources: Join the private Facebook group “Life After Test - For Mortgage Loan Originators”: facebook.com/groups/1307411746301458 Thank you and I look forward to keeping in touch with you along your journey!

[@rodrigossportsagency8054]

Just passed the test thank you Clay!

[@Claysmile]

You are very welcome! I'm grateful to be part of your success journey!

[@chhetriarun5686]

Thank you this video really helps a lot.

[@Claysmile]

My pleasure! I'm grateful to be part of your success journey. And here is a link to more resources: www.mlostudybuddy.com

[@jimmythestoryteller]

Your video helped me pass the test. Thank you.

[@Claysmile]

You're very welcome! And congratulations! I'm grateful to be part of your journey!

[@dfsczar5150]

We need more videos with Kayla.

[@jeanpaul6545]

calm donw bruh she dont want U

[@jonathanguerena8368]

Im taking my MLO exam in 1 hour! I studied Lance and CompuCram for a couple of months now! Ill update in a few hours.

[@jonathanguerena8368]

Lance, thank you so much for everything that you do! Your videos helped a lot!! Im exited to see what comes next!! I passed!!!

[@Claysmile]

@@jonathanguerena8368 My pleasure! I'm grateful that God has given me this ability and opportunity to make a positive difference! And thank you for your sentiments. That really warms my heart! And congratulations on passing the exam! Let's keep in touch. I have a private Facebook group called "Friends of Loan Officer Lance Claysmile Smith"

[@CGRo1313]

I passed my test thanks to You guys!!!

[@Claysmile]

You're very welcome Cesar! And congratulations on passing! By the way, I have a Facebook page called "NMLS Test Prep Educator Claysmile". Please consider visiting my Facebook page and leaving a rating and review. Here is the link to the page: facebook.com/NMLS-Test-Prep-Educator-Claysmile-100197295971682 Also, I just want to make sure you are aware of these additional resources: Join the private Facebook group “Life After Test - For Mortgage Loan Originators”: facebook.com/groups/1307411746301458 Thank you and I look forward to keeping in touch with you along your journey!

[@co.selinaaa]

I am trying to get familiar with terminology as this is a new career path for me that I’m actually interested in! Glad to have people like you guys to go over this. Might be a bit much but it would’ve been nice to also have the answers displayed bc sometimes it seemed as if the stream lagged therefore I could not really understand the answer. Especially when it was read out in a full sentence…hope this feedback helps for future videos 😊 I enjoyed watching and getting familiar!

[@Claysmile]

Thanks Selina! And here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected. And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

[@Sanosyenforma]

Great video! Thank you!

[@Claysmile]

You're welcome! And check out www.MLOStudyBuddy.com

[@Edengriffin5150]

Really helpful I appreciate this and all the videos y’all did

[@Claysmile]

Our pleasure! We are grateful to be part of your journey!

[@Claysmile]

Also, I have a Facebook page called "NMLS Test Prep Educator Claysmile". When you get a chance, please leave a rating and review. Here is the link to the page: facebook.com/NMLS-Test-Prep-Educator-Claysmile-100197295971682 Also, I just want to make sure you are aware of these additional resources: Join the private Facebook group “Life After Test - For Mortgage Loan Originators”: facebook.com/groups/1307411746301458 Thank you and I look forward to keeping in touch with you along your journey!

[@maxlife9721]

I definitely want the printouts for the board and all the other materials that you have where do I go again to get those?

[@Claysmile]

Hi Max, the printouts are in the Facebook group. here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.

[@maxlife9721]

@@Claysmile Thank you so much. I'm on it. You are the shit.

[@trevisekberg4507]

You can find it on our website - www.mlostudybudy.com It is called The Grid Guide

[@trevisekberg4507]

You can find it on our website - www.mlostudybudy.com It is called The Grid Guide

[@1234tetas]

AMAZING STUFF!

[@ejohnson5448]

The 8821 tax form should have been explained. Form 8821 is used to check for any previous taxation issues. Form 4506-T is used to request filed tax transcripts.

[@monsar]

just came across this video. I'm about to take the NMLS mlo test in 2 days in Utah. Is this information still current for the most part. I took the 20 hour safe education using on course learning and am finding a lot of questions you are asking that was not on my class.

[@jodiburgess5736]

The penalties for violating trid are 5000, 25000, 100000, and one million for udaap violations. The criminal penalty for violating TILA is 5000 and the civil penalties vary. Per the laws.

[@3mrcharles]

I am going to take a test about 2 weeks 20-24? Is it any change since this video?

[@Claysmile]

Sorry for the late response. How did your test go? If you are still studying, check out www.mlostudybuddy.com

[@elizabethmarrero4188]

Hi! Do you have any tricks for ARMS? Thanks

[@Claysmile]

Hi Elizabeth, I'm part of a Facebook study group called "MLO Study Buddy Group - Let's pass the S.A.F.E exam!" and in that group they have a lot of useful resources, including tricks for ARMS... And by the way, here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected. And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

[@elizabethmarrero4188]

Thanks so much for your help. You’re amazing. My first language is a Spanish, but your explanations I understand all. Thanks for your time. 🇵🇷🌞✅

[@maricelborja1272]

The girl has a Resume, how can I get that resume? Is like a map or cronogram I want one

[@Claysmile]

They have similar ones at www.MLOStudyBuddy.com

[@ramezmossed1932]

Thanks guys I really appreciate it I passed the exam now

[@sweetpiecesbymechar]

Thank you! Great test review! My test is tomorrow! 😮

[@sweetpiecesbymechar]

I passed my test with an 83% thanks to your awesome test reviews! Thank you!!!

[@lexiesanders5662]

@@sweetpiecesbymechar congratulations! I take mine on Wednesday

[@Claysmile]

@@sweetpiecesbymechar Congratulations Charlene!

[@keithclark8030]

I know this video is a year old, but will it still be good information? If not, it is still good to learn the terms. Thanks

[@Claysmile]

Yes, it is still good. And to get the more detailed explanations and more free study sessions, check out the free Facebook group "MLO Study Buddy" mlostudybuddy.com/

[@erikrodriguez2264]

Thank you for these videos. Is all this content up to date?(like the fines amounts)

[@Claysmile]

Hi Erik -- Here is the updated version (as of 4-5-2022): kzbin.info/www/bejne/m36woKhuZ5xrnM0

[@diegogrieco1892]

Can HCML loans have prepayment penalties? I see that one of the tests to see if a loan is HCML is the prepayment penalty test, meaning that it cannot have prepayment penalties after 36 months of consummation and or exceed 2% of the loan, but in the acronyms, you mention no prepayment penalties are allowed.

[@Claysmile]

That's a good question. To make sure you get the most correct and updated answer, please post that question in the MLO Study Buddy group: www.MLOStudyBuddy.com

[@SnowbordrWRX]

9:42 And if the consumer debt is > 5% of gross monthly income, even < 10 months still counts!

[@Claysmile]

Which law or rule indicates that? I would like to look into that.

[@JosePena-hj6ll]

heavy on escrow heavy apr and what’s on the apr i’ll post more when i remember by listening to him . he’s answering good stuff to memorize for the test helping me

[@ericdeleon4636]

Is Affinity affiliated with Artricia Woods?

[@Claysmile]

Yes, it is. And here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.

[@ericdeleon4636]

@@Claysmile Thanks! Is this information in an official NMLS book somewhere? For the laws, I'm actually reading through the actual sections on the various .gov websites and these penalties are not matching up. For example, for FACTA--15 U.S.C. Chapter 41, it states that "such person shall be liable for a civil penalty of not more than $2,500 per violation" (in the video you say $5000 and/or imprisonment of 1 year). Just wondering if we should be going by what is on the actual government websites or if there is an "understood" set of compiled information for the purposes of NMLS licensure?

[@Claysmile]

@@ericdeleon4636 I'm not sure. Definitely research it because things may have changed since the time the video was created.

[@demetriousparkerii7715]

Can you please do another pop Quiz?

[@Claysmile]

Yes, I recently added part 2 to the playlist

[@davidbrooks9374]

Thanks guys I passed today good info.

[@Claysmile]

My pleasure! I'm grateful to be part of your success journey!

[@Claysmile]

Also -- I have a Facebook page called "NMLS Test Prep Educator Claysmile". When you get a chance, please leave a rating and review. Here is the link to the page: facebook.com/NMLS-Test-Prep-Educator-Claysmile-100197295971682 Also, I just want to make sure you are aware of these additional resources: Join the private Facebook group “Life After Test - For Mortgage Loan Originators”: facebook.com/groups/1307411746301458 Thank you and I look forward to keeping in touch with you along your journey!

[@isamaracevedo7413]

Really wish the answer was also displayed after the question so we can read it.

[@Claysmile]

In addition to my free video study videos on KZbin, I also offer for sale a download of "The 200+ Practice Problems Regarding the MLO Test". Here is the link to purchase if you are interested: sowl.co/s/rgTZt

[@keithfcoleman]

This is good! Thanks.

[@JosePena-hj6ll]

the test is heavy on apr and heavy what’s not on it

[@B00geymanBreeze]

How do i become of the webinars really need help failed my first try. Please help!! Love your classes!!

[@Claysmile]

Hi Alexis, I'm part of a Facebook study group called "MLO Study Buddy Group - Let's pass the S.A.F.E exam!"... And here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected. And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

[@ruben5660]

When you ask, how long do you have to retain the MAP? you mean the lender or who has to retain the MAP?

[@Claysmile]

Yes, the lender

[@vrigidgarcia1298]

Does anybody know if you have to take the state exam every year or is it just the first year?

[@Claysmile]

just for the first year

[@db3764]

How we can have everything that is on the board ? Thank you for the content, it helps a lot 👏

[@trevisekberg4507]

You can find it on our website - www.mlostudybudy.com It is called The Grid Guide

[@jroc174]

What is the LOC?

[@Claysmile]

Loan Officer Compensation

[@1789Luna]

How many questions does this video have? I need f more flash cards 😅

[@Claysmile]

This video has more questions: kzbin.info/www/bejne/m36woKhuZ5xrnM0

[@nancyclifford2785]

Can you please explain the difference between the precise day and general business day?

[@Claysmile]

That's a good question. I'm not sure but someone in our Study Buddy facebook group might know... And here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected. And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

[@shafferjoe1962]

Can you get a second camera and do a split screen on your chalk board? That way us watching the video and see the board and everything you have written and what you are writing. Thank you and keep up the good work.

[@trevisekberg4507]

You can find it on our website - www.mlostudybudy.com It is called The Grid Guide

[@gislenenaves7053]

Thanks a lot

[@TK-ht8oz]

Can you please make a video with all of the important days associated with disclosures, notifications, etc?

[@Claysmile]

That's a good idea! Thank you! And here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected. And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

[@MichaelAnthonyC]

Hello , what state is this for ?

[@Claysmile]

Hi Michael, it's a national exam

[@ruben5660]

whats the difference beetwen zero tolerance and no tolerance?

[@Claysmile]

Hi Capi, zero tolerance means that the numbers cannot be different. No tolerance means that there is no restriction on the numbers being different.

[@JosePena-hj6ll]

heavy on escrow also

[@thaniac8812]

So tolerance means borrowers choose their own plan & no tolerance means they can’t choose ???

[@Claysmile]

Check out this video: kzbin.info/www/bejne/ZmK4eaefoLOBrZI

[@happyrainbow5222]

I had a question on the test that went like this: Before submitting documents for closing the borrower tells you (MLO) that the home they were gonna use for primary residence they will use it for rental property instead? What should you do? so many things went through my head, occupancy fraud? resubmit application? decline application? I was so confused because the questions are paragraph long/ situational and very tricky. The answers sound so similar but there's always that one word that will change them all. I recommend reading carefully and use the process of elimination. So when it comes to my question. what should i had answered? I said decline as i thought it was fraud for property? can anyone help?

[@Cheddar_Wizard]

Would’ve liked to know this as well

[@wendy95953]

Is this still relevant in 2024?

[@Claysmile]

Yes

[@JosePena-hj6ll]

tolerance is huge also keep messing that up

[@MomentsbyKareem]

she cute as hell

[@PhanOT11]

Kayla is hot! Hope I will pass this exam. Thanks you guys

[@Cheddar_Wizard]

Weird comment…

[@balayagespecialistsco]

be careful when talking about peoples credit scores!

[@Claysmile]

Very true Leandra! Good point!

[@jesuspazmino6948]

Too fast

[@MYfriendsknow]

You are an awesome soul - with a great personality. So this is just an FYI **No one can read your notes on the whiteboard on almost all of your videos. I was wondering if the whiteboard was just for you? OR did you not realize that it can not be read by most of the viewers out here in KZbinLand. PEACE p.s. I watch on my big screen tv in another room; I just come to my computer to make comments. WHITEBOARD ASSIDE,,,,THIS IS AN EXCELLENT VIDEO!!! Thank you Mr. Clay for all you do and to your assistant / fellow study partner too.

[@Claysmile]

Thanks! and here is a detailed game plan for passing the MLO test: #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version. #2: Make sure you watch the 4-hour video (in the Affinity Mastery program) #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program). #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/ #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course. #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group). #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe #8: Check out the “events” tab in the Study Buddy group for upcoming special events. #9: If you want a study partner, post a request in the group. #10: Check out my KZbin playlist of MLO study videos: kzbin.info/aero/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected. And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

[@ksabroso1295]

2024 this information still accurate 🫶🏽 just did my 20hrs