Pop Quiz for the MLO Test (updated version 4-5-2022)

[@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!

[@ericdeleon4646]

do we have to know all of the 800+ facts?

[@Masculinemindedman]

@@ericdeleon4646 You already know what Rocky would say to that :)

[@vannyt816]

Wow… Oh my god that’s crazy you didn’t read the book you passed just listen this ? Amazing and congrats

[@vannyt816]

@@ericdeleon4646 very good question !

[@aclaent]

Passed the MLO test today, found this video yesterday. This help me get about 15 questions I would have otherwise missed. Great supplemental video for studying.

[@Claysmile]

Congratulations on passing the exam! I'm grateful to be part of your journey!!

[@paultexasusa]

Having 2 people really helps keep the energy up, Thank You.

[@Claysmile]

Thanks Paul! I appreciate that! And by the way, my friend Rocky has additional resources at this website: www.mlostudybuddy.com

[@alejandromoreno5056]

Hey guys, this is the last video I watched before taking the test and passing! much appreciated! you guys are awesome like a possum!

[@jenniferbaum6065]

I passed yesterday! These videos sure helped me to clarify the sections. You don’t know what they’ll ask but the videos cover so much that it allows you to feel like you’re in a classroom with an instructor. Thanks:)

[@certifiedyaminspector-dadd6224]

These pop quizzes definitely helped me pass the exam. I'm incredibly grateful!

[@Claysmile]

I'm glad to be part of your success journey! God bless you!

[@evaarbo5456]

I passed my test 2 days ago Your video where so helpful please don’t stop them you have no Idea how many souls are benefiting from them God bless you ❤️👌👍😇🙏

[@Claysmile]

Congratulations Eva! And thank you for that awesome feedback and encouragement. I'm grateful to be part of your journey. God bless you too!

[@beespice2772]

Thank you so much. I was able to pass my Mlo exam because of your videos and material. Also Affinity! The rocky studybuddy was essential as well. Your the best!!❤❤🎉🎉🎉

[@Claysmile]

My pleasure! I'm grateful that God enabled me to play a role in your success journey! And thank you for those sentiments. Your words really warm my heart!

[@MtelH]

Lance and Gabby, thank you so much for doing this video. I passed my test this past Saturday, in large part to this video and your Key Notes video. I really appreciate the hard work you do and your labor is not in vain.

[@Claysmile]

You're very welcome! And congratulations!! We are grateful to be part of your journey!

[@ChefZaddy]

Thanks so much for the guidance. Just passed with your help!

[@Claysmile]

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

[@donavinessak1066]

Just took my exam first try 80% thank you Clay these videos have been great help aswell as SAFE MLO

[@ubaldovega79]

I passed the test a week ago, your videos helped me a lot, thanks!!! My license has been activated for NC And GA along with my sponsorship

[@josecalderon233]

Finally passed the exam thanks to your videos. Big help many thanks

[@Claysmile]

Congratulations! And thanks for that feedback! I'm grateful to be part of your success journey!

[@DrinaB_still]

I take my test this Saturday. I am pregnant so almost immediately after I start reading my book I want to fall asleep. Lol 😂 I am binge watching your videos everyday until test day and even while I sleep. Hopefully I pass the first time and if not I’ll be back to studying your videos. Thank you for this.

[@Claysmile]

You are very welcome Drina! I'm grateful to be part of our success journey! In addition to watching my videos, I recommend that you join the MLO Study Buddy facebook group. It's a free facebook group that provides live study groups via ZOOM on almost a daily basis. On Facebook, search "MLO Study Buddy" Sending prayers to you regarding your upcoming test. Please keep me posted on how things go. I'm cheering for you and I know your baby is too!!

[@darkmaster743]

Hey I took my exam on Monday and watched your videos a ton while studying, you definitely helped me pass thank you for making these!

[@Claysmile]

You're very welcome and congratulations on passing the test!!

[@nelsonmateus597]

I just passed my state exam! Thanks alot to your pop quiz vids. They helped out alot

[@Claysmile]

You are very welcome, Nelson! Congratulations! I'm grateful to be part of your journey.

[@pryncemoore481]

Just passed my test yesterday, these study guide videos put me over the top to pass thanks for this

[@Claysmile]

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

[@TrustedLion]

Even after all this we still need to take the 23 hour class right?

[@elianaritchie7358]

Thank you so much for this! Learned so many things I didn't learn on the course. This was awesome!!!

[@Claysmile]

You're very welcome Eliana! Also, I recommend this free Facebook study group called MLO Study Buddy Group: facebook.com/groups/257646308865682

[@DesmondReedMLO]

watched video several times passed no problem thanks guys this was a great help

[@Claysmile]

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

[@Goodgigs]

Thank You Lance and Your Team for Your Helpful and Educational Videos. I just passed my SAFE MLO exam today. :)

[@Claysmile]

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

[@reidstiefel6430]

I just passed first attempt with an 80% because of your videos and compucram. Thank you so much man!

[@Claysmile]

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

[@cjPagan87]

I know everything on this video and studied so much from the class I took yet when I take exam like half of the questions were never taught. So that's why so many people fail it.

[@Claysmile]

Check out my friend Rocky's website www.MLOStudyBuddy.com

[@kasandrabarrios1853]

I love these! The best are with subtitles ❤️

[@KamMoinzadeh-oo7dn]

Hey Clay, I’ve been watching your videos for awhile and love them. I got a 73% on the exam and had a quick question for you that really stumped me and was hoping you could answer it. The question was: “what happens if an applicant discloses a debt to you that wasn’t on his credit report?” Just wanted to see if you had any input on that question. Thanks so much for all your help! :)

[@TraderJoe31415]

Dang same 73% here

[@Claysmile]

Hi Kam, this will be a great question to ask in the free MLO Study Buddy facebook group because they stay up-to-date with all of the information. www.MLOStudyBuddy.com

[@richardziegler9514]

74 here

[@TangledInHisLove]

It’s amazing how I don’t remember reading half of this stuff in my book. I literally just yelled, “Wtf are they talking about?” 🤦🏾‍♀️ I should’ve studied with this video because when I took my test I was so confused. The first few questions, I was for sure they gave me the wrong test. 68% of confusion 😂 I’m glad I’m “hear” now preparing to take another wack at it soon. We already have to retain so much. I wish they didn’t reword questions like that on the test. We’re already in brain overload.

[@Claysmile]

In addition to studying my videos, also check out my friend Rocky's study group: www.mlostudybuddy.com

[@HectorHernandez-nl3ql]

Thank you so much! I just PASSED.

[@Claysmile]

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

[@yonatanmarin3359]

You’re still active thats awesome 👏🏼 bro , and you cut the hair

[@Claysmile]

Thanks and yes, new hair style! It's my new look!

[@kaeyana22]

Clay, these videos were such a great supplemental resource to my studying. They truly did help as I prepared for the exam. Thank you for helping me pass the exam!!

[@Claysmile]

You are very welcome Ana! And congratulations on passing the test!

[@ifonlythat1could]

Best Audi so far! Ps.. would be cooler if you had the questions and answers on bottom

[@evaarbo5456]

Great job 👍 thank you so much 🙏🙏 You have no I idea how much your videos can help 🌺🌺 may God bless you all

[@Claysmile]

You are very welcome. I'm grateful to be part of your success journey. And just a heads up, I posted the link to the PDF file of the questions. It's on my Facebook business page: facebook.com/TestPrepEducatorClaysmile

[@evaarbo5456]

@@Claysmile Wow thanks a lot 👍🙏

[@LorenMiller-nx2ln]

Purchased the practice test finding it extremely helpful! However I did notice a few simple erros, In case you wanted to go back and double check. For ex. How many pages is the LE, you have the answer has 3 years..

[@Claysmile]

Thanks for catching that error. Yes, I plan to revise that document. Please let me know about the other errors you found too. Thanks!

[@brendablancocarrasco]

Thank you Clay!

[@MillionaireMindMotivation]

Thanks for this. My test is on Saturday at 8a🙏

[@jhonnysasinouan230]

You taking it online or in person??

[@starrcastillo1111]

Good luck 🍀 ❤️

[@momoftwo8415]

Thank you so much. 😊

[@traviselikedavisYT]

can you use the word FIXED with ARM? OR should you say constant?

[@vannyt816]

I’d like to have a question this is from 800 key facts? Just wondering thank you

[@sbailey2001]

This is the David Goggins of the mortgage industry

[@Claysmile]

Thanks Shawn! I appreciate that encouragement!! God bless you!

[@jiabeiliu3200]

Really thanks for your video, I passed it at my first time. But I do not know how to start the MU4 application.

[@Claysmile]

#1: Start the MU4 application on the NMLS website even before you secure sponsorship because there are several things you can get done (like fingerprinting and background check) even without the sponsorship. Or course, sponsorship will have to be done eventually to fully complete the MU4 but you can definitely start the MU4 process without the sponsorship. In fact, it is best to start the process before you get sponsorship because the fingerprinting and background checks can take a while to complete. So, it is good to get them done early. That way, when you finally secure sponsorship, the company will be able to hire you quickly without having to wait around for your background check and fingerprinting to be completed. #2: I think the best career strategy for newly-licensed MLOs is to talk to the local realtors in your area and ask them if they can help you connect with a local, successful MLO who would be willing to take you on as his or her loan officer assistant. That way, you will learn under a successful MLO and you will be paid a steady income. And then, after about a year or two, you will be fully prepared to venture out into a 100% commission position. And with the awesome experience you gained by working under that successful MLO, you will be able to become a successful MLO too. The MLO career is not as straightforward as some may think. The nature of the work is very complex and so, in order to succeed, you need to find the right mentor. Don't worry about how much the company is going to pay you. Just prioritize securing a super successful MLO to be your mentor. In the long run, you'll end up having a very successful career. Don't chase the money. Chase the experience and training and mentorship, and later, the money will come automatically. Let’s keep in touch. I’m cheering for you and I’m grateful to be part of your journey!

[@earnestkumar]

Very useful video

[@Peretiatkojr]

If i am studying for the 1st time what videos should i use??? this one?

[@Claysmile]

Yes, this one and all of the videos of the playlist and also, join the free MLO Study Buddy Facebook group. Info is on this website: www.MLOStudyBuddy.com

[@ericdeleon4646]

Do we have to know all of the 800+ facts?

[@LondonPrettyNYCGirl]

Hi Clay is this "The 200+ Practice Problems Regarding the MLO Test" still available for download? Thanks.....

[@Claysmile]

Hi Callette, yes, here is the link: transactions.sendowl.com/products/78739171/4912DD81/view

[@Sebastien1989]

Is this for Florida?

[@Claysmile]

It's for all states because it is for the national NMLS test.

[@JoeNoSay]

Do you have a class I can join for exam prep?

[@Claysmile]

Yes, absolutely! Here is a step-by-step 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/25764... #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: Check out the MLO Study Buddy website: mlostudybuddy.com/ #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Celeste Finkler, 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?list... #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. #13: Also, please like and subscribe to my Facebook page: facebook.com/TestPrepEduc... and I would greatly appreciate it if you could leave a rating and review. Thanks! And after you pass the test, here is my advice about the next steps: #1: Start the MU4 application on the NMLS website even before you secure sponsorship because there are several things you can get done (like fingerprinting and background check) even without the sponsorship. Or course, sponsorship will have to be done eventually to fully complete the MU4 but you can definitely start the MU4 process without the sponsorship. In fact, it is best to start the process before you get sponsorship because the fingerprinting and background checks can take a while to complete. So, it is good to get them done early. That way, when you finally secure sponsorship, the company will be able to hire you quickly without having to wait around for your background check and fingerprinting to be completed. #2: I think the best career strategy for newly-licensed MLOs is to talk to the local realtors in your area and ask them if they can help you connect with a local, successful MLO who would be willing to take you on as his or her loan officer assistant. That way, you will learn under a successful MLO and you will be paid a steady income. And then, after about a year or two, you will be fully prepared to venture out into a 100% commission position. And with the awesome experience you gained by working under that successful MLO, you will be able to become a successful MLO too. The MLO career is not as straightforward as some may think. The nature of the work is very complex and so, in order to succeed, you need to find the right mentor. Don't worry about how much the company is going to pay you. Just prioritize securing a super successful MLO to be your mentor. In the long run, you'll end up having a very successful career. Don't chase the money. Chase the experience and training and mentorship, and later, the money will come automatically. Let’s keep in touch. I’m cheering for you and I’m grateful to be part of your journey!

[@TheJazzyjme]

Thank you for this!

[@Claysmile]

You're welcome Jamie! And 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 Also, I recommend that you join the free Facebook study group called "MLO Study Buddy". Here is the link to the group: facebook.com/groups/257646308865682

[@vannyt816]

Did anyone know how to make a CD 💿 I’m willing to pay who can make CD. I’d like to listen in the car. I’m a type of person like listening. Please let me know thank you in advance.

[@Claysmile]

Hi Vannytim, you can record it using the audio recording app on your cell phone and then play it back. Or, you can buy a ipod with audio recording app and record it and then play it back.

[@vannyt816]

@@Claysmile I’m not sure how to record it from audio App. What is the name of the app? Thank you

[@Claysmile]

@@vannyt816 It depends on the type of phone you have. Ask someone to show you how to access the audio recording app on your phone.

[@jessicachitwood7162]

@@Claysmile just finished my Safe course. Is your information for CA?

[@Claysmile]

@@jessicachitwood7162 This study video is for the national NMLS test. So, it relates to all states.

[@Iamsergio43]

Hello guys, is for California test ?? or are all state exams the same??

[@mauriciomartinez9802]

Can someone give me some feedback on what type way they thought was most efficient in studying this video? Please and thank you!

[@Claysmile]

I recommend listening to the video several times until you master the concepts.

[@serop43]

Hey guys so I took the test for the first time on Saturday. I used Compu Cram and listened and took notes from Mr.ClaySmiles MLO Case study playlist. We’ll I got a 77% which means I just passed. But now I’m good for 5 years and this was my first try with very limited studying. Thanks so much claysmiles!!

[@Claysmile]

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

[@alejandromoreno5056]

do i really need to know all this? my online "course" didn't mention any of this. $400 for that shit

[@Claysmile]

Here is a detailed, step-by-step game plan for passing the NMLS 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. If you have not already purchased the Affinity Mastery Course, here is my affiliate link for the course: mlotrainingacademy.com/aff/Claysmile/ #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: Check out the MLO Study Buddy website: mlostudybuddy.com/ #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Jennifer, Celeste Finkler, 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 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. #13: Also, please like and subscribe to my Facebook page: facebook.com/TestPrepEducatorClaysmile and I would greatly appreciate it if you could leave a rating and review. Thanks! And after you pass the test, here is my advice about the next steps: #1: Start the MU4 application on the NMLS website even before you secure sponsorship because there are several things you can get done (like fingerprinting and background check) even without the sponsorship. Or course, sponsorship will have to be done eventually to fully complete the MU4 but you can definitely start the MU4 process without the sponsorship. In fact, it is best to start the process before you get sponsorship because the fingerprinting and background checks can take a while to complete. So, it is good to get them done early. That way, when you finally secure sponsorship, the company will be able to hire you quickly without having to wait around for your background check and fingerprinting to be completed. #2: I think the best career strategy for newly-licensed MLOs is to talk to the local realtors in your area and ask them if they can help you connect with a local, successful MLO who would be willing to take you on as his or her loan officer assistant. That way, you will learn under a successful MLO and you will be paid a steady income. And then, after about a year or two, you will be fully prepared to venture out into a 100% commission position. And with the awesome experience you gained by working under that successful MLO, you will be able to become a successful MLO too. The MLO career is not as straightforward as some may think. The nature of the work is very complex and so, in order to succeed, you need to find the right mentor. Don't worry about how much the company is going to pay you. Just prioritize securing a super successful MLO to be your mentor. In the long run, you'll end up having a very successful career. Don't chase the money. Chase the experience and training and mentorship, and later, the money will come automatically. Let’s keep in touch. I’m cheering for you and I’m grateful to be part of your journey! By the way, a few of my colleagues and I plan to start teaching a 2-day Crash Course for the NMLS Test. If you are interested, let me know and I will keep you posted on when that course is scheduled.

[@dewalt5519]

@@Claysmile I can't encourage someone coming into this business enough to find a mentor. If you don't have someone willing to help you for probably your first 2 years in the business you'll likely get frustrated and walk away from it. I've been in the business since 2004 and became a loan officer in 2010, got out just prior to the pandemic and now I'm having to do this test all over again (which really pisses me off). Hopefully I have enough retained knowledge to squeak by.

[@Claysmile]

@@dewalt5519 Good points and just a heads up: I posted the link to the PDF file of the questions. It's on my Facebook business page: facebook.com/TestPrepEducatorClaysmile

[@mauriciomartinez9802]

Feel the same way I have my test in a week and just found his videos

[@gildaignacio]

I took the 20 hr class about 14 months ago, took the state exam for the first time about 2 months ago and didn't pass it by 2 points. ... I see all the positive feedback below - I will start studying now from the videos and then apply for the exam.. my question is.. do I have to retake the 20 hr class ( I dont believe so ) but just want to confirm... TIA

[@Claysmile]

Hi Gilda, I'm not sure how long the 20 hr class is valid for. You should double check that. And 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 Also, I recommend that you join the free Facebook study group called "MLO Study Buddy". Here is the link to the group: facebook.com/groups/257646308865682

[@gildaignacio]

@@Claysmile thank you so much 🤗

[@carlosrivera8756]

Thank u!

[@Claysmile]

You're welcome and just a heads up, I posted the link to the PDF file of the questions. It's on my Facebook business page: facebook.com/TestPrepEducatorClaysmile

[@jackmoveful]

You guys are going over rules a lot but the actual test which I took twice ask a lot of everyday situations of an MLO the actual test does not ask about so many rules but more situations that’s what you need to go over more. That would be way more helpful.

[@Claysmile]

Good point Jack. The rules definitely help in bein analyzing the situation but, ultimately, you are right -- The ability to analyze the situation is more important than the memorization of the rules.

[@hungviettran7789]

Curious if this testing review is for both RE and MLO Exam? because I feel like the information you're sharing is for both exam studies

[@Claysmile]

This is for MLO exam but yes, there are some overlaps with the RE exam

[@jearla3921]

❤❤❤❤❤❤❤❤

[@Farmer_Nurse72]

Where is all this info coming from. Lawd have mercy imma fail

[@Claysmile]

I posted the link to the PDF file of the questions. It's on my Facebook business page: facebook.com/TestPrepEducatorClaysmile

[@HeyItsMike985]

✊🏽✊🏽✊🏽

[@courtneyholmes4562]

Good morning, I am scheduled for my test 6/9 and is in desperate need of one-on-one tutoring. Please help!!!! @Claysmile

[@Claysmile]

Hi Courtney -- This group offers tutoring: facebook.com/groups/257646308865682

[@serop43]

I don’t get how CompuCram is much different for the same exact test. For example I’ve never seen a question about the 4 elements of a valid contract. They don’t ask much about Section 32 loans. Most of the things they ask about Section 35 have to do w the appraisal within the first 180 days. It’s good to know both I guess. We’re gonna find out tomorrow!!! Let’s go baby I got this 💪🏼💪🏼😎