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5 Study Tips for the SAFE MLO Test
December 20, 2021

5 Study Tips for the SAFE MLO Test

by The CE Shop Team

These Tips Make Studying as Simple as 1, 2, 3

In order to become a licensed Mortgage Loan Officer, you must take and pass the SAFE MLO Test. While it is known to be a difficult test, there are some tips and tricks that can help you pass the first time around.

Here are five different ways to help you feel confident when preparing for the SAFE MLO Test.

Study Tips for the SAFE MLO Test

5 Study Tips

1. Utilize NMLS Resources

NMLS has compiled a list of resources for you to use when studying for your test.

First, you’ll want to make sure you’ve read and agreed to the Rules of Conduct and the Candidate Agreement. These documents are binding contracts, and you’re required to read through them thoroughly in order to take the test.

Next, take some time to go over the MLO Testing Handbook, which includes these 11 chapters:

  • Intro
  • Test Enrollment Procedures (NMLS)
  • Schedule a Test Appointment
  • Appointment Cancellation and Rescheduling
  • Special Accommodations
  • Preparing for the Test
  • Test Day
  • Test Center Policies
  • Test and Survey Results
  • Retaking a Failed Test / Waiting Period
  • Test Expiration

Once you’re feeling comfortable with the handbook and everything that’s expected of you come test day, it’s time to move on to the Test Content Outline. This resource outlines the structure of the SAFE MLO Test, as well as what types of questions and topics you can expect to see.

2. Create a Study Schedule (and Stick to It!)

One of the best ways to start chipping away at your study material is to set aside a certain time every day to look them over. Start by having a dedicated space for studying, and find a time during the day that best suits your schedule. Aim for consistency in your studying, but don’t forget to be realistic about the amount of time you allocate to learning new material. 

3. Talk to an Expert

What do you do when you need advice? Look for someone who knows exactly what you’re going through! Finding a mortgage professional who has taken the SAFE MLO Test before is a surefire way to come away with great tips and tricks. Don’t be afraid to ask for help!

Here are a few resources to help you find local mortgage professionals:

4. Take Care of Yourself

When studying for any test, it isn’t just retaining information that’s important. Yes, having a strong knowledge base is crucial, but you must also make sure you’re taking care of yourself. 

Getting around eight hours of sleep consistently leading up to the test will help your brain process and retain information, as well as give you the energy you need to power through test day. Don’t forget to set an alarm! On top of those crucial hours of shut-eye, eating healthy meals will help fuel your brain. 

For more self-care tips, check out this quick video from Oprah Winfrey:

5. Be a Smart Test Taker

Now that you’ve been studying hard and taking care of yourself, let’s talk about being a smart test taker. During the test, make sure you’re reading every question carefully. If this means reading it more than once, go for it! You’ll want to watch out for questions worded with a negative, as it may change what your answer needs to be. 

If you’re struggling with a question, try using the process of elimination. This method will help you cross out the answers you know are wrong, leading you to the right answer. Lastly, be sure to answer every question. A blank answer won’t reward you with any points, but taking an educated guess is a fairly good bet.

Whether you’re just looking into Pre-Licensure Education to become an MLO or are inching closer to taking the SAFE MLO Test, it’s never too late to create a study schedule that helps you reach your goals. Follow these tips to help boost your confidence and set yourself up for success as you prepare to take your licensing test. Good luck! 

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