NMLS MLO Q&A - in .pdf

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  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
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NEW QUESTION: 1
A claims application contains two organizational and two application rulesets. The organizational rulesets MyCo and MyCoInt are configured as Ruleset Validation, where the prerequisite for MyCo is MyCoInt and the prerequisite for MyCoInt is Pega-ProcessCommander. The two application rulesets Claims and ClaimsInt are configured as Application Validation. Which of the following statements is false?
A. Rules in Claims can reference rules in MyCo
B. Rules in MyCo can reference rules in Claims
C. Rules in ClaimsInt can reference rules in Claims
D. Rules in MyCo can reference rules in MyCoInt
Answer: B

NEW QUESTION: 2
The term social engineering is used to describe the various tricks used to fool people (employees, business partners, or customers) into voluntarily giving away information that would not normally be known to the general public.

What is the criminal practice of social engineering where an attacker uses the telephone system in an attempt to scam the user into surrendering private information?
A. Phishing
B. Vishing
C. Spoofing
D. Tapping
Answer: B

NEW QUESTION: 3
The 80:20 rule is associated with which of these tools?
A. SIPOC
B. Framing Tool
C. Simon's Cross-Functional Tool
D. Pareto Chart
Answer: D

NEW QUESTION: 4
Two Customer Service Representatives each book a sales order for an item that is revision and lot controlled.
There are no other open, active sales orders for this Item.
Each Customer Service Representative pick releases their order to the same warehouse independently.
The Pick Release Rule used by both includes Auto Allocation.
On the resulting Move Orders, Inventory has allocated all the requested quantity for one of the sales orders, but only half the requested quantity on the second sales order was available to be allocated.
Using the Transact Move Orders form, which action sequence can the warehouse person use to reduce the allocation on the first Move Order so that both customer orders can be equally satisfied?
A. 1. View/Update Allocations;
2. Change the allocated Lot and Quantity values, as appropriate;
3. Select the appropriate Missing Quantity Action.
B. 1. View/Update Allocations;
2. Change the allocated Revision and Quantity values, as appropriate;
3. Change the Destination Sub inventory.
C. 1. View/Update Allocations;
2. Change the allocated Revision and Quantity values, as appropriate.
D. 1. View/Update Allocations;
2. Change the allocated Revision and Quantity values;
3. Change the allocated Lot and Quantity values, as appropriate
Answer: A

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