TX MLO study plan

Map the origination pipeline end to end (inquiry, application, processing, underwriting, closing, funding) and write one sentence describing the originator's responsibility at each stage.

List the documents collected at application and mark which are re-verified in processing versus validated in underwriting.

Sequence the disclosures triggered by receipt of an application and record the deadline that applies to each one.

Separate tasks a licensed originator may perform from tasks reserved for processors, underwriters, closers, and third-party vendors, and name three activities that must not be done by an unlicensed person.

Explain how the loan estimate, automated underwriting findings, and closing disclosure hand off to one another across the pipeline.

Compute front-end and back-end debt-to-income ratios for five borrower scenarios and state whether each meets typical agency parameters.

Compare Conventional, FHA, VA, and USDA programs on down payment, mortgage insurance, property standards, and occupancy rules.

Trace how automated underwriting findings convert into prior-to-closing, prior-to-funding, and post-closing conditions.

Explain how rate sheets, discount points, lender credits, and lock periods change the borrower's closing costs.

Calculate LTV, CLTV, and HCLTV for three layered-lien scenarios.

Describe the funding chain from warehouse line to secondary-market sale, including servicing rights and mortgage-backed securities.

Explain appraisal, title, and hazard insurance requirements and how deficiencies in each delay closing.

Compute monthly PITI, prepaid interest, and escrow reserves for three sample transactions.

Distinguish fixed-rate, adjustable-rate, balloon, and interest-only repayment structures and identify which borrowers each fits.

Define twenty-five core mortgage vocabulary terms in plain language without using vendor materials.

Walk through the application interview: information gathered, verifications authorized, and how intent to proceed is documented.

Apply equal credit opportunity notice rules and disclosure timing rules to five application scenarios and state what must be delivered and when.

Differentiate pre-qualification, pre-approval, and a completed application by what each one commits the lender to.

Identify fraud indicators in income, asset, occupancy, and undisclosed-debt documentation at intake.

Explain how loan originator compensation rules affect what an originator may quote or promise an applicant.

Build a chart of the core federal statutes governing origination that records purpose, key disclosure, timing trigger, and penalty exposure for each.

Apply tolerance categories to changed-circumstance scenarios and determine whether a revised disclosure resets the clock.

Outline Texas-specific requirements, including state licensing and renewal through the state regulator, home equity lending limits under the Texas Constitution, and required state disclosures.

Identify the triggers that make a loan higher-priced or high-cost and state the additional escrow, appraisal, and disclosure consequences.

Explain advertising, record-retention, and privacy obligations that apply to the origination file.

Apply the duty of good faith and fair dealing and fair lending prohibitions to five written scenarios and identify the specific violation in each.

Distinguish fraud from negligence across income, asset, occupancy, and appraisal misrepresentation examples.

Classify referral, marketing, and compensation arrangements as permissible or prohibited under anti-kickback rules.

Describe how an originator must handle a consumer complaint, including escalation and documentation.

Explain steering, predatory lending, and unsuitable-product risks and how to document a borrower's best-interest file.

Re-drill the two domains with the lowest practice scores using only the logged missed-item list.

Complete two timed 100-question mixed exams under exam conditions with no notes.

Rewrite every remaining missed item as a one-line rule statement in your own words.

Recite the disclosure-timing table from memory and correct it against your week 1 and week 5 references.

Complete two full-length timed simulations mirroring real exam pacing and section weighting.

Review only high-frequency weak spots identified in weeks 6 and 7.

Verify logistics: test-day identification, scheduling, calculator policy, and session timing.

Restate the ten rules you are most likely to forget on a single index card and quiz yourself on it twice.