SAFE MLO exam + career prep
MLO courses give you dense text, long modules, and exams. MLO Homeroom gives you an approachable, interactive way to learn the industry—and make it stick ✓.
Homeroom is a study site for the SAFE MLO national exam. It's built so you recall the material as you read it.
MLO Homeroom is not an NMLS-approved course provider. The required 20 hours of pre-licensure education must be completed through an approved provider.
Inside a unit
Interactive reading
The lender has to cancel it unasked once the balance reaches % of the home's original value.
SAFE MLO concepts broken down in depth, in plain language with real examples. Read it or listen to it, filling in the key numbers as you go.
Short answer
Why is a lender willing to drop PMI once you owe less than 80% of the home's value?
Right idea. One catch — that 80% is measured against the home's original value, not what it's worth now.
Answer questions in your own words and get instant feedback on what you missed.
Flashcards and recaps
Recap · homeowners protection act
When PMI ends
PMI protects the lender, not you — so once you hold enough equity, the law makes it stop.
Key facts
- A borrower who is current can ask for cancellation at 80% of the home's original value.
- The servicer must end it automatically at 78%, no request needed.
- If neither happens, it ends at the midpoint of the loan term.
The key notes and numbers from every section, plus flashcards for the vocabulary you need to know.
MLO software simulators
| Rate | Price | Points | Payment |
|---|---|---|---|
| 6.125% | 98.300 | 1.700 | $1,896 |
| 6.375% | 99.250 | 0.750 | $1,946 |
| 6.625% | 100.125 | −0.125 | $1,998 |
| 6.875% | 100.875 | −0.875 | $2,050 |
| 7.125% | 101.500 | −1.500 | $2,102 |
Practice on working versions of the software loan officers actually use, from pricing a loan to sending a Loan Estimate.
Not a licensing course
MLO Homeroom is not an NMLS-approved course provider. The 20 hours of pre-licensure education required for licensure, along with any additional hours required by your state, must be completed through an NMLS-approved provider, and only that provider can report completed hours to your NMLS record. Homeroom covers the same national exam content; no activity completed here counts toward the education requirement.
What you study with
Listen
Play any unit as audio, blanks spoken as their answers. Pause anywhere, pick up where you stopped, and run it at 1.5× on the second pass.
Search and ask
Search every module, or ask a question and get an answer written for it. Highlight any passage to have it clarified or summarized.
Calculator
Press = to dock the same four-function calculator the test allows, with a tape that keeps your steps beside the worksheet.
Flashcards
Drill 865 vocabulary cards from across every module. Cards you miss come back more often until you know them.
Practice exams
Take a full 125-question practice exam, weighted like the real test. Or work through 712 questions one topic at a time, and check yourself at the end of every section.
Glossary
Look up any of 232 terms without leaving the page.
Study alongside your 20 hours.
The same national exam content your course covers, in a form built for practice.