Loan Originators License in Oregon
Quick Answer
Oregon requires loan originators to register with the Division of Financial Regulation, complete 20 hours of NMLS education, and pass the SAFE MLO Test. The definition includes independent contractor processors and underwriters.
- Education Required
- 20 hours
- Exam
- NMLS SAFE MLO Test
- Timeline
- 1-3 months
- Renewal
- Every Annually (December 31)
Requirements
Loan Originators license in Oregon
Loan Originators Salary in Oregon
Entry Level
$44,920
Median
$74,720
Experienced
$158,350
Source: Bureau of Labor Statistics. Salary data is for informational purposes only.
How to Get Licensed
Step-by-step roadmap to becoming a licensed Loan Originators in Oregon.
- 1
Submit Your Application
File your application with the licensing agency.
- 2
Receive Your License
Processing typically takes 1-3 months.
Loan Originators Licensing in Oregon: What to Know
Oregon licenses loan originators through the Division of Financial Regulation. The COS listing provides a detailed definition: a loan originator is an individual employed by or acting as an agent or independent contractor for a licensed mortgage banker or broker, with primary job responsibilities that include negotiating terms of a mortgage loan. The definition extends to independent contractor processors and underwriters and to persons contacting Oregon borrowers from out-of-state locations. Under the SAFE Act, Oregon MLOs must complete 20 hours of NMLS-approved pre-licensing education, pass the NMLS SAFE MLO Test, and register through NMLS.
Frequently Asked Questions
- How long does it take to get a Loan Originators license in Oregon?
- The process typically takes 1-3 months, depending on education completion and exam scheduling.
- What exam do I need for a Loan Originators license in Oregon?
- You need to pass the NMLS SAFE MLO Test. N/A
Considering another state?
Compare Loan Originators requirements across states.
View all states →Data from CareerOneStop (DOLETA/DEED). Last updated: February 15, 2026.