AK MLO study plan

Map the federal disclosure timeline (application through consummation) into a single annotated flowchart from memory

Define each core federal statute's purpose and the loan types it covers in your own words

List at least 15 prohibited practices under federal consumer-protection rules and label which statute each belongs to

Explain the difference between initial and revised disclosures and identify three triggering events for re-disclosure

Compare ability-to-repay and qualified-mortgage standards, including points-and-fees thresholds and safe-harbor categories

Differentiate rate-spread, high-cost, and higher-priced loan triggers and state the consequence of each classification

Sequence the adverse-action notice requirements and required content for a denied application

Outline fair-lending and equal-credit obligations, including appraisal independence and valuation requirements

Trace the life of a loan from pre-qualification through servicing transfer, naming each participant's role

Compute principal-and-interest, escrow, and total monthly payment for three sample scenarios by hand

Distinguish conforming, government-insured, and portfolio/non-conforming products by eligibility and underwriting traits

Interpret a rate sheet, including pricing adjustments, lock periods, and buydown mechanics

Assemble a complete sample loan file from a mock borrower scenario, checking each document against a required-documents checklist

Calculate debt-to-income, loan-to-value, and housing-expense ratios for three borrower profiles and flag which fail standard thresholds

Identify red flags in self-employment income, gift funds, and asset documentation and state the resolution for each

Explain the appraisal process, including value reconciliation and common appraisal-review findings

Draft a compliant loan-estimate explanation script and a closing-disclosure walkthrough script

Sequence origination activities from inquiry through funding and name the compliance touchpoint at each step

Distinguish the originator's role from underwriter, processor, and closer responsibilities in a written job-boundary summary

Practice explaining three loan programs to a hypothetical first-time buyer in plain language

Apply a decision framework to at least six ethics scenarios involving compensation, referrals, and conflicts of interest

State the duties owed to borrowers, lenders, and the public and identify where they conflict

Differentiate permissible and prohibited marketing, advertising, and solicitation practices

Outline fraud indicators across income, occupancy, and identity documentation and the required reporting response

Summarize Alaska licensing, education, and renewal obligations for mortgage loan originators, including bonding and registry requirements

Identify Alaska-specific consumer-protection and disclosure requirements that exceed federal minimums

Explain Alaska regulator structure, examination posture, and the complaint and disciplinary process

List state-specific prohibited conduct and the penalties attached to each

Complete two full-length timed practice exams and log every missed item by domain and root cause

Re-drill the three weakest sub-topics until each reaches 85%+ on a targeted retest

Recite from memory the key thresholds, deadlines, and dollar figures most likely to be tested

Simulate exam-day conditions once, including timing, breaks, and question-flagging strategy