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Exam Code: MLO
Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
Vendor: NMLS

60 Questions & Answers
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NEW QUESTION: 1
Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data? Choose the correct answers. (3)
A. For a large to very large quantity of legacy data, use the legacy data transfer using a BAPI interface
B. For a very large quantity of legacy data, use the direct input procedure (program RAALTD11)
C. For a small quantity of legacy data, use AS100.
D. For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT
E. For a large quantity of legacy data, use batch input procedure (program RAALTD01)
Answer: A,C,D

NEW QUESTION: 2
You have a clearing account that is out of balance and you elect to use the Debit/Credit Match program to assist in the reconciliation. Which four steps are required?
A. Unreconciling transactions when needed.
B. Refreshing account information in the Account Ledger Reconciliation table.
C. Reconciling void payments and receipts.
D. Running the Bank Journal Statement Process.
E. Manually Reconciling transactions.
Answer: A,B,C,E
Explanation:
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NEW QUESTION: 3

A. 0
B. 1
C. 2
D. 3
Answer: D


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