Pop Quiz for the MLO Test (Updated September 2023)

Here is a step-by-step game plan for passing the MLO test: #1: Check out the MLO Study Buddy website for guidance from my friend Rocky Loguercio and his team of instructors: https://mlostudybuddy.com/ #2: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). #3: Check out my Youtube playlist of MLO study videos (search "Study Videos for SAFE MLO Test" or click the below link):    • Study Videos for SAFE MLO Test   #4: In addition to the free YouTube videos, if you would like to purchase the download of the PDF file "The 200+ Practice Problems Regarding The MLO Test", here is the link: https://sowl.co/s/rgTZt And after you pass the test, here is my advice about the next steps: #1: Start the MU4 application on the NMLS website even before you secure sponsorship because there are several things you can get done (like fingerprinting and background check) even without the sponsorship. Or course, sponsorship will have to be done eventually to fully complete the MU4 but you can definitely start the MU4 process without the sponsorship. In fact, it is best to start the process before you get sponsorship because the fingerprinting and background checks can take a while to complete. So, it is good to get them done early. That way, when you finally secure sponsorship, the company will be able to hire you quickly without having to wait around for your background check and fingerprinting to be completed. #2: I think the best career strategy for newly-licensed MLOs is to talk to the local realtors in your area and ask them if they can help you connect with a local, successful MLO who would be willing to take you on as his or her loan officer assistant. That way, you will learn under a successful MLO and you will be paid a steady income. And then, after about a year or two, you will be fully prepared to venture out into a 100% commission position. And with the awesome experience you gained by working under that successful MLO, you will be able to become a successful MLO too. The MLO career is not as straightforward as some may think. The nature of the work is very complex and so, in order to succeed, you need to find the right mentor. Don't worry about how much the company is going to pay you. Just prioritize securing a super successful MLO to be your mentor. In the long run, you'll end up having a very successful career. Don't chase the money. Chase the experience and training and mentorship, and later, the money will come automatically. Let’s keep in touch. I’m cheering for you and I’m grateful to be part of your journey!