NAMP CMLP study guide
NAMP CMLP · Work through your exam, one topic at a time.
The National Association of Mortgage Professionals® (NAMP) is a membership association listing an Irvine, California address that describes its purpose as "Empowering Mortgage Professionals by Highlighting their Mortgage Education and Commitment to Ethics." Its public materials emphasize continuing education, ethical conduct, member savings on technology, marketing and education, market-trend data, a newsletter called MortgageM Power, and nationwide networking. The CMLP credential sits inside that education-and-ethics framework: it is aimed at mortgage loan originators who want to demonstrate command of origination practice, regulation, products, underwriting and settlement. The NAMP CMLP study guide has 5 sections and about 2,079 words.
01Mortgage Loan Origination Practice and Ethics
This domain tests the boundary between licensed origination and loan processing, and the conduct rules that apply to every file: SAFE Act licensing, RESPA Section 8, UDAAP, fair lending, borrower privacy, and document integrity. The exam expects you to know what a processor may and may not do, and to spot inducements and misstatements.
423 words, about 2 min02Federal Lending Regulations and Compliance
This domain tests the disclosure and conduct rules that govern a mortgage file: TILA and RESPA as integrated by TRID, ECOA/Regulation B, HMDA, FCRA, flood insurance, and ability-to-repay. The exam focuses on timing, tolerance categories, and notice requirements - the details processors verify daily.
430 words, about 2 min03Loan Products, Programs, and Pricing
This domain tests product selection and pricing mechanics: conforming conventional, FHA, VA, USDA, jumbo, fixed and adjustable rates, mortgage insurance, points, and rate locks. Questions give borrower facts and ask which program fits or how pricing changes the payment.
426 words, about 2 min04Credit, Income, and Underwriting Analysis
This domain tests whether a file meets credit, capacity, and asset requirements: credit report review, DTI, AUS findings, income calculation by source, asset verification, and documentation standards. The exam rewards precise treatment of variable income and liabilities.
400 words, about 2 min05Closing, Settlement, and Loan Documentation
This domain tests the closing process and the documents that transfer and secure the loan: the Closing Disclosure, settlement charges, right of rescission, note, security instrument, title, escrow, disbursement, and post-closing corrections. The promissory note contains the promise to pay, rate, payment terms, and prepayment language; the security instrument (mortgage or deed of trust) gives the lender a lien.
400 words, about 2 min