5 Study Tips for the North Carolina Mortgage Loan Officer Exam

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Passing the North Carolina mortgage loan officer exam is one of the most important steps to getting your MLO license. To become a licensed mortgage loan officer (MLO) in North Carolina, you’ll need to pass the national and state components of the SAFE MLO test. Use the following study tips to set yourself up for a passing grade on your exam.

#1: Focus your SAFE MLO exam prep material

The sheer amount of material that is covered on the SAFE MLO exam can be overwhelming. There are a number of exam prep study aids to help you focus on what you need to study in order to pass. Take practice exams to see where your weaknesses are, and concentrate on improving those areas. Focusing your studies on the specific areas you find challenging will make the test much less overwhelming.

Prepare to pass the national component of your SAFE MLO test with the Exam Prep program at Learn Mortgage.

#2: Phone a mortgage friend

Two (or more) minds are better than one. Find others who are preparing for the same exam and work together. Studying with a group of people working toward a common goal not only helps cover more material but also creates an atmosphere of accountability. Being accountable to others can be very motivating and helpful to your studies.

It also helps to talk to friends who’ve already passed the exam. They might be able to tell you about areas their exam focused on and what they found challenging. As a bonus, connecting with loan officers who are already in the mortgage industry helps broaden your network and lets your friends know about this new career you’re about to embark on.

#3: Rest up for your exam

Make sure you’re well rested on the day of your test. Get a good night’s sleep the night before, and make sure you are properly nourished when you arrive at your appointed test time. It is not recommended that you attempt any practice testing on the day of your North Carolina mortgage loan officer exam. Last-minute cramming can cause you to tense up and overthink. Concentrate on being calm and staying focused on the material in front of you, and passing your SAFE MLO exam will be a breeze.

#4: Read every word carefully

Take the time to read every word of every question on your North Carolina mortgage loan officer exam. This may seem obvious or trivial. But, in timed multiple-choice exams, missing or misreading one word can make a big difference. Words like “all” or “none” are great examples of words that can be missed when you are reading something too quickly and can totally change the context of the question. Mistaking one word for another, such as reading ”is” instead of “if,” can also change a question completely. Simply taking the time to read each question carefully can make all the difference in passing your exam.

#5: Answer every question

A blank answer is scored as a wrong answer. Even if you have no idea what the right answer is, take a guess. If you leave an answer blank, it’s incorrect. If you guess, you have a 25% chance of getting it correct.

Need pre-licensing courses?

Click here to find high-quality, online North Carolina MLO pre-licensing course packages brought to you by Superior School of Real Estate and Learn Mortgage. For a step-by-step overview of the licensing process, check out our post: How to Become a Mortgage Loan Officer in North Carolina.

Free Career Guide: How to Become a Mortgage Loan Officer