The Division of Finance & Corporate Securities of the Oregon Department of Consumer & Business Services (DCBS), is responsible for the supervising and licensing of Mortgage Brokers doing business within Oregon. Mortgage Brokers are defined as those who make or negotiate mortgage loans.

All Oregon 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 Oregon-required content. A minimum of eight hours per year of continuing education is required per year, per the SAFE act.

The licensing fee for NMLS for Loan Originators is $169. The licensing fee for a broker is $650. Click on the links in the preceding sentences for more details about each license.

Broker applicants need to show 3 years experience in the mortgage lending business during the last 5 years and provide financial statements prepared in accordance with GAAP. Mortgage Brokers are required to maintain a clients? trust account physically within the state.

The Oregon Association of Mortgage Professionals (OAMP) , is an affiliate of the National Association of Mortgage Brokers (NAMB).  These organizations are quite active in promoting and supporting legislation and education to assist those who desire to obtain a Mortgage Broker License in Oregon.

Oregon Mortgage Forms

Oregon Reciprocity States

  • Most Mortgage forms can be obtained online.
    Ones listed below pertain to new salespersons and brokers.
  • Surety Bond Form

(as of 2/23/2010)

Oregon Approved Mortgage Schools Prelicensing and Postlicensing Education

Community Colleges


Private Schools

Abacus Mortgage Training
Training Pro
Last Update:  2/22/2010
This list may not include all approved schools. Please visit the Division of Finance & Corporate Securities website for the latest list of approved schools.