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Get an NMLS Mortgage License in Oregon | Mortgage Educators

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Get Your Mortgage Loan Originator License in 2023!


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!

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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 Mortgage License Education Requirements


- Your 20 hours of education will be split between these subjects

- 3 hours on ethics, consumer protection, fair lending, and fraud

- 3 hours on federal regulations

- 2 hours on non-traditional mortgages

- 8 hours on general, undefined mortgage subjects

- 4 hours on Oregon specific issues


At Mortgage Educators, we offer a bundle so you can conveniently complete all these subjects with us. Just need the state electives? We have a bundle for that, too.



What's the Difference Between an Oregon Mortgage Broker License and an Oregon Loan Officer License?

The term “broker” is somewhat flexible, either referring to an employer that originates loans and employs loan officers or to an independent worker who is the middleman between buyers and various lenders. Both types of broker need a special type of license. In contrast, “loan officer” refers to an employee who sells loans for one employer, usually a bank or a broker, and uses an Oregon loan officer license. Loan officers are the ones who deal directly with borrowers, counseling them on loans, helping them fill out the application, and guiding them through the mortgage process.



Cost of Getting Your Mortgage License in Oregon


Be prepared to pay these fees to complete your licensing process:


- Licensing/Registration Fee: $80

- NMLS Processing Fee: $30

- Credit Report: $15

- Background Check: $36.25



PE Expiration Policy in Oregon

This policy requires that prospective loan officers retake all 20 hours of their pre-license courses under two circumstances. Either they never applied for their license and let 3 years pass after their coursework, or they have left the mortgage industry for 3 or more years and then come back. This policy is enforced in Oregon, so if you haven’t been active in the past 3 years, you’ll need to retake these courses.


Oregon Continuing Education Requirements

Your mortgage license in Oregon must be renewed each year if you want to continue working. This requires 8 hours of general continuing education (3 hours on federal regulations, 2 hours on non-standard mortgage loans, 2 hours on ethics, and 1 hour on other subjects) and 2 hours on Oregon-specific issues. You’ll also need to pay a renewal fee of $65 and a processing fee of $30.


Your license will expire on the last day of each year, so you should submit your renewal request by December 1 to ensure that it is reviewed before the expiration date. If your license renewal is not approved by the first of the year, you are not authorized to begin new loan applications. However, you can complete loan applications that were already in process on or before the last day of the previous year.



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.



Additional Questions?

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






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