MLO License Education Requirements in Oregon

Overview of Education Requirements in Oregon

Let’s explore the MLO license education requirements in Oregon. To obtain an MLO license, individuals in Oregon must complete 20 hours of NMLS-approved pre-licensing education. This education covers federal law, ethics, non-traditional mortgage lending, elective education, and Oregon-specific topics.

State Specific MLO License Education Requirements in Oregon

As mentioned, Oregon MLO applicants must complete 20 hours of NMLS-approved education. This education includes 3 hours of Federal law, 3 hours of ethics (covering fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 8 hours of elective education, and 4 hours of Oregon state-specific defined electives.

Application Process

In addition to completing pre-licensing education, you will also need to pass the National MLO Exam and undergo a criminal background check before licensing. Utilize the Oregon MLO Application Checklist provided by the NMLS to assist you in the application process. You can view the full checklist using the link below.

View the Oregon Application Checklist

At a Glance

  • NMLS Approved Education: 20 Hours
  • OR State Specific Education: 4 Hours
  • OR License/Registration Fee: $80.00
  • NMLS Processing Fee: $30.00
  • Credit Report Fee: $15.00
  • Background Check Fee: $36.25

Completing your SAFE20 Education

Aspiring MLO’s in Oregon are required to complete 20 hours of NMLS approved SAFE education prior to licensure. My Mortgage Trainer offers a range of format options for the 20-hour course to cater to your study needs and accommodate your schedule. Begin your journey towards MLO licensure in Oregon with My Mortgage Trainer today. View our course and test preparation options here.

Completing Your Oregon Education

Oregon MLO applicants must also complete 4 hours of Oregon Department of Consumer and Business Services (OR-DCBS) defined electives, covering required topics such as the licensing and operation of mortgage brokers, mortgage bankers, and mortgage loan originators. This course will also focus disclosures and advertising, prohibited acts, and residential mortgage loans. Explore our online self-study option below.

Additional Info on Requirements for Becoming a Licensed MLO in Oregon

In addition to meeting Oregon’s pre-licensing education requirements, you must also pass the NMLS National MLO Exam and acquire your NMLS ID Number. We have developed informational videos to guide you through obtaining your NMLS ID, scheduling the exam, and excel with valuable tips. Subscribe to our YouTube Channel for more great tips and industry-related news!