Exam Prep

Preparing for your Mortgage Broker or Loan Originator Exam

We highly recommend that mortgage brokers and also loan originators plan to read the state laws governing the practice of mortgage lending. For Washington State, these laws are the Mortgage Broker Practices Act, both the RCW law and WAC rules. 

Free Internet links to all relevant state and federal laws can be found here.

Computerized practice exams are also available.

Live, instructor-led exam prep classes are available for loan originators and mortgage brokers.  Check our schedule page to get started.
Our courses can also be delivered in an online format.

The Mortgage Fundamentals class is a one day, live, instructor-led class designed for a brand new loan originator with no experience.  This class can be bundled together with the LO Exam Prep class and the Ethics class. 

Both the LO and Mortgage Broker exams contain 10 pre-test questions that are not counted toward the score.
The exam content is distributed as follows:

State Law
Loan Originators: 54%
Mortgage Brokers: 61%

General Industry Knowledge
Loan Originators: 11%
Mortgage Brokers: 9%

Ethics
Loan Originators: 4%
Mortgage Brokers: 4%

Federal Law
Loan Originators: 31%
Mortgage Brokers: 26%

Loan Originator Exam: 100 questions
Mortgage Brokers: 135 questions

WA State DFI Designated Broker Licensing info

WA State DFI Loan Originator Licensing info

How to schedule your licensing exam: Promissor