Oklahoma Mortgage Broker Requirements

Mortgage brokers in Oklahoma are licensed and regulated by the Oklahoma Department of Consumer Credit.

Applicants seeking a Oklahoma money broker license are required to maintain a physical office within the state of Oklahoma. Applicants must have three (3) continuous years of mortgage lending experience within the past five (5) years. Recent financials within 30 days of applying must be submitted to the Department of Consumer Credit and each applicant must pass an exam prior to applying for their license. The company must have a trust account in a federally insured Oklahoma bank.

Loan officers are also required to be licensed in the state of Oklahoma.

Oklahoma Mortgage Licensing Fees

The state of Oklahoma charges a $750 application fee, a $150 examination fee and a $100 licensing fee.

For complete assistance on your Oklahoma Mortgage License, call American Mortgage Licensing to start your project today, 866.588.6600.