MLO Exam Questions

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Full Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
Vendor Name: NMLS
Exam Code: MLO
Questions with Answers (PDF) 65
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NEW QUESTION: 1
You receive a box of returned items from a customer. After inspecting the items, you determine that an item is damaged.
You need to send a new item to the customer.
What should you do?
A. Apply a disposition code to scrap the item in your inventory. Then, send a replacement to the customer.
B. Create a quality order to enter the details of the inspection, and then validate the results.
C. Create a movement journal to remove the item from inventory. Then, create a new sales order to ship a new item.
D. Place the original sales order on hold. Add a note for the customer service representative to call the customer.
Answer: A

NEW QUESTION: 2
IT best practices for the availability and continuity of IT services should:
A. provide for sufficient capacity to meet the agreed upon demands of the business.
B. provide reasonable assurance that agreed upon obligations to customers can be met.
C. produce timely performance metric reports.
D. minimize costs associated with disaster-resilient components.
Answer: B
Explanation:
It is important that negotiated and agreed commitments (i.e., service level agreements [SLAs]) can be fulfilled all the time. If this were not achievable, IT should not have agreed to these requirements, as entering into such a commitment would be misleading to the business. 'All the time' in this context directly relates to the 'agreed obligations' and does not imply that a service has to be available 100 percent of the time. Costs are a result of availability and service continuity management and may only be partially controllable. These costs directly reflect the agreed upon obligations. Capacity management is a necessary, but not sufficient, condition of availability. Despite the possibility that a lack of capacity may result in an availability issue, providing the capacity necessary for seamless operations of services would be done within capacity management, and not within availability management. Generating reports might be a task of availability and service continuity management, but that is true for many other areas of interest as well (e.g., incident, problem, capacity and change management).

NEW QUESTION: 3
For which two conditions is Cisco Express Forwarding recursion disables by default when the BGP Prefix independent
Convergence functionality is enabled? (Choose two)
A. next hops learned with a/32 mask
B. next hops learned with a/24 mask
C. next hops that are directly connected
D. next hops learned with any mask shorter than /32
Answer: A,C

NEW QUESTION: 4
A university plans to implement Advisor Link for approximately 90,000 students. The university needs to populate data from the student information system (SIS) to Salesforce. The data exported from SIS needs to be automatically modified to correspond to values in Salesforce.
Which integration approach should the consultant recommend?
A. Lightning Connect
B. Salesforce Data Loader
C. ETL tool
D. Salesforce Data Import Wizard
Answer: C

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