What are the requirements to be a loan originator in Oregon?
• Complete an NMLS-approved 20 hour prelicense course. ProSchools’ packages include the NMLS-approved 20 Hour SAFE Comprehensive course that prepares you for the National component of the SAFE Mortgage Loan Originator Test and a separate test prep tool to help you pass the Oregon component of the SAFE MLO Test. • Pass the Oregon state component of the SAFE Mortgage Loan Originator test. • Pass the National component of the SAFE Mortgage Loan Originator Test. • Submit fingerprints through NMLS for a criminal background check. • All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011. • Register with the Nationwide Mortgage Licensing Registry (NMLS). Who do I contact if I have questions about the NMLS? For questions relating to the Nationwide Mortgage Licensing System, please contact the NMLS Call Center at (240) 386-4444. Who do I contact if I have questions about Oregon’s requirements? For questions relating to Oregon’s state-spec
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