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Oregon Mortgage Broker License


 

Oregon Mortgage Broker Requirements

Mortgage brokers in Oregon are licensed and regulated by the Oregon Department of Consumer and Business Services.

Applicants seeking an Oregon mortgage broker license are not required to maintain a physical office within the state. However, applicants are required to be licensed in their home state before applying. Applicants must have three (3) years of mortgage lending experience within the past five (5) years. Financial statements in accordance with GAAP must be submitted. A surety bond in the amount of $25,000 is also required.

Loan officers are required to be licensed in the state of Oregon and must pass an exam before applying. They must complete six (6) hours of continuing education each year in order to be renewed.

Oregon Mortgage Licensing Fees

The state of Oregon charges a licensing fee in the amount of $825.

For complete assistance on your Oregon Mortgage License, call American Mortgage Licensing to start your project today, 469.688.8441.