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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
You are the project manager of HGT project. You are in the first phase of the risk response process and are doing following tasks :
Communicating risk analysis results
Reporting risk management activities and the state of compliance
Interpreting independent risk assessment findings
Identifying business opportunities
Which of the following process are you performing?
A. Articulating risk
B. Mitigating risk
C. Tracking risk
D. Reporting risk
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Articulating risk is the first phase in the risk response process to ensure that information on the true state of exposures and opportunities are made available in a timely manner and to the right people for appropriate response. Following are the tasks that are involved in articulating risk:
Communicate risk analysis results.

Report risk management activities and the state of compliance.

Interpret independent risk assessment findings.

Identify business opportunities.

Incorrect Answers:
B: Risk mitigation attempts to reduce the probability of a risk event and its impacts to an acceptable level.
Risk mitigation can utilize various forms of control carefully integrated together. This comes under risk response process and is latter stage after articulating risk.
C: Tracking risk is the process of tracking the ongoing status of risk mitigation processes. This tracking ensures that the risk response strategy remains active and that proposed controls are implemented according to schedule.
D: This is not related to risk response process. It is a type of risk. Reporting risks are the risks that are caused due to wrong reporting which leads to bad decision.

NEW QUESTION: 2
You have a server named Server1 that runs Windows Server 2016.
On Server1, you use the Basic template to create a new Data Collector Set named CollectorSet1.
You need to configure CollectorSet1 to generate performance alerts.
What should you do before you start CollectorSet1?
A. Add a new task to CollectorSet1.
B. Add a new data collector to CollertorSet1.
C. Modify the performance counter data collector of CollectorSet1.
D. Modify the configuration data collector of CollectorSet1.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
We need to add performance counter alert data collector to the set.

NEW QUESTION: 3
Which of the following is the risk when an IT department restricts itself to solely being an infrastructure
provider?
A. Cloud providers will take over the role of the IT department
B. All of the above are correct
C. Business users will bypass the IT department
D. Service providers will bypass the IT department
Answer: C


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