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Get Your Mortgage Loan Originator License in 2024!

Oregon Pre-Licensing Bundle

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Starting at: $399 Now Only $279!

Use Promo Code: ORPE279

Licensed in another state and want to add Oregon?

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Now Only $99.98!

Use Promo Code: ORPE99

How to Get an NMLS Mortgage License in Oregon


1. Apply for your NMLS Account and ID Number

The first step to obtaining your Oregon mortgage license is applying for an NMLS account and ID number. To do so, go to the NMLS website.


2. Complete your NMLS Pre-License Education

To receive a new Oregon loan officer license, you must finish 16 hours of general NMLS-approved instruction and 4 hours of Oregon electives for a total of 20 hours of education.


3. Need to Pass Your NMLS Mortgage Licensing Test

With your education complete, you need to schedule an appointment for the NMLS Mortgage licensing test. Find out more on how to take your NMLS exam here.


4. Complete Background Checks and Pay All Fees

To finalize your application and receive your license, you’ll need to pay several non-refundable fees and get a background check. Find out more about how to complete your background check and fingerprints here.


5. Apply for Your Oregon Mortgage Loan Originator License

After receiving a passing score on your NMLS exam, you need to apply for your Oregon mortgage loan originator license. You can find more information on this step here.


6. Associate your NMLS Account with your Employer

Your license will still be pending in Oregon until you have an employer sponsorship, which lets the government know that an employer is supervising your individual license. Learn how to associate your NMLS account with your employer here.


Earn Your Oregon Mortgage License With Mortgage Educators

Imagine having a career in which you meet new, interesting, successful people every day. You help them navigate a crucial aspect of their lives: purchasing property. If you have a social temperament and a passion for learning, you can have a fascinating career as a Mortgage Loan Originator (MLO).


Completing the steps for getting your license can be a significant hurdle, but Mortgage Educators can make it simple. Our education bundle can take you through the 20 hours of required instruction for Oregon. You can even take a test preparation class that will ensure you’re ready for the exam. We are dedicated to helping you start your rewarding MLO career.


Oregon Frequently Asked Questions

In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.


Four elective hours must cover Oregon specific regulations and laws. Mortgage Educators includes all of this bundled together, making it easy to keep track of your educational progress.

Topic Hours Required
Fair Lending, Ethics, Fraud, and Consumer Protection 3 Hours
Federal Laws and Regulations 3 Hours
Non-Standard Lending 2 Hours
Undefined Electives 8 Hours
Oregon Specific Law 4 Hours
Total 20 Hours

If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.

A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.

Earning your mortgage broker license in Oregon should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Oregon:

NMLS Initial Processing Fee $30
Oregon License Fee $80
Credit Report $15
FBI Criminal Background Check $36.25
Total License Cost $161.25

On an annual basis, Oregon MLO license holders must complete 10 total hours of Comprehensive Continuing Education that must cover:

Topic Required Hours
Federal Regulations and Law 3 Hours
Ethics, including consumer protection, fair lending 2 Hours
Non-Traditional mortgage lending 2 Hours
General Electiv 1 Hour
Oregon Specific Education 2 Hours

Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row. Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Oregon is December 31st. MLO's in Oregon are actually prevented from applying for license renewal until they have completed their CE. You'll also need to pay the following fees.

  • Renewal Fee - $60

  • Processing Fee - $30

Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Oregon mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at

Start Your Oregon Mortgage Courses Today

Conveniently complete your NMLS education requirements with Mortgage Educators. Get a pre-license education bundle or continuing education course.


Oregon Mortgage Education Pre-LicensingOregon MLO NMLS Approved Education