The Financial Institutions Division of the Ohio Department of Commerce, handles all supervision, examinations and regulatory activities for Mortgage Brokers and Loan Officers under the Ohio Mortgage Broker Act (OMBA). Mortgage Brokers are roughly defined as those who hold themselves out as being able to assist a buyer in obtaining a mortgage loan and receive compensation for doing so.  In Ohio, an Operations Manager is the individual responsible for the everyday operations, compliance requirements, and management of a Mortgage Broker business.

All Ohio mortgage licenses are handled through the National Mortgage Licensing System. Prelicensing requirements include approved Courses that are 20 or more hours and contain 3 hours  of Federal Law, 3 hours of Ethics, 2 hours of Non-traditional Mortgage Lending plus 12 or more hours of electives. This may be in addition to Ohio-required content.   A minimum of eight hours per year of continuing education is required nationally per year, per the SAFE act,

The licensing fee for NMLS for Loan Originators is $219. The licensing fee for a broker is $600. Click on the links in the preceding sentences for more details about each license.

Applicants who wish to become a Mortgage Broker in Ohio pay a non-refundable application fee and provide a Surety Bond in the amount of $50,000. They are required to have at least three years experience in the real estate mortgage financing field before applying. Also required with the application are fingerprints and a statement pertaining to any criminal activity. The NMLS performs a criminal background check and also investigates the financial condition, character, and experience of all applicants.

Ohio Mortgage Licensing forms and exams are administered through PSI Exams.

Mortgage Brokers must maintain an office within the state for the transaction of their business, and a photograph of each location where business will be transacted needs to accompany the application. If the location of the office is in a residence the application needs to be accompanied by a certified copy of a zoning permit authorizing the use of the residence for commercial purposes, or other document showing that the use is not prohibited by any county or political subdivision.

The Ohio Association of Mortgage Brokers (OAMB), is an affiliate of the National Association of Mortgage Brokers (NAMB) . Both of these organizations provide excellent real estate mortgage loan resources for those who want to obtain a Mortgage Broker License in Ohio and those already licensed.

Ohio Mortgage Forms

Ohio Reciprocity States


(as of 2/23/2010)

Ohio Approved Mortgage Schools Prelicensing and Postlicensing Education

Community Colleges

Cuyahoga Community College District
Ohio Business College
Private Schools

Ohio Education Connection (Pepper Pike)
Ohio Mortgage Bankers Association (Westlake)
The Service Center Title Agency, Inc. (Columbus)
Trademark Mortgage Company, Inc. (Columbus)

Last Update:  2/22/2010
This list may not include all approved schools. Please visit the Financial Institutions Division website for the latest list of approved schools.