How to apply for a loan originator license
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To apply for an Oregon loan originator license, applicants must: 1) Complete 20 hours of NMLS-approved pre-licensure education and pass an NMLS-approved SAFE national test. They must also pass the Oregon state test unless their name is on the state's education or test certification list. 2) Submit an application through the NMLS including personal information, employment history, and answering disclosure questions. 3) Authorize a criminal background check and credit report. 4) Upon application submission, applicants must be fingerprinted for an FBI background check. 5) Grant company access to their NMLS record once submitted.
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How to apply for a loan originator license
- 1. HOW TO APPLY FOR AN OREGON LOAN ORIGINATOR LICENSE Division of Finance and Corporate Securities
- 2. Cautions about this Presentation The screen shots in this presentation are taken from the NMLS training environment, not the real NMLS. They may vary slightly in the real NMLS. This presentation follows a fictitious person making a filing for a loan originator application in the NMLS. None of the persons information is real or intended to reflect any real person. The circles and arrows seen on the screen shots in this presentation are NOT actually in the NMLS. They are simply to draw your attention to the correct portion of the screen.
- 3. Loan Originator Licensing Requirements Complete 20 hours of pre-licensure education; Pass an NMLS-approved S.A.F.E. national test; Pass an Oregon test; Submit fingerprints for an FBI background check; Not have a conviction for a felony within the past 7 years or have ever been convicted of a felony that involved an act of fraud, dishonesty, a breach of trust, or money laundering; Authorize the NMLS to obtain a credit report; Demonstrate financial responsibility; Submit an application through NMLS (MU4 Form); Have, or be covered by, a surety bond as required by DFCS; and Have not had a mortgage license revoked in any state.
- 4. Education Requirements Certification in NMLS by the state OR 20 hours of NMLS-approved pre-licensure education
- 5. Qualifications for Education Certification by Oregon Completed 20 hours of MLEB-approved education at any time prior to December 31, 2009 Name on Education Certification List AND Apply for Oregon loan originator license through the NMLS by May 31, 2010
- 6. Finding the certification list
- 7. Mortgage Lending Home Page
- 9. Check the education certification list
- 10. Education Certification List If name is on the list, then nothing more needed now. Certification list will be finalized and sent in early July You will be contacted by NMLS to attest to certification and pay fee, then its final and will be posted on NMLS If name is NOT on the list, you need it to be on the list and you qualify or if it is not your legal name on the list, send certificate(s) or corrections to Kirsten Anderson Via e-mail to Kirsten.L.Anderson@state.or.us Via fax to (503) 947-7862 (include a cover sheet) or
- 11. NMLS Education
- 12. NMLS Education
- 14. NMLS Education Quick Guide
- 15. State Test Only the Applied Measurement Professionals (AMP) test qualifies No grandfather No CompUSA/Cerebra
- 16. Qualifications for Testing Certification Pass AMP test at any time while it is offered Name on Test Certification List AND Apply for Oregon loan originator license through the NMLS by June 30, 2010
- 17. Mortgage Lending Home Page
- 19. Check the test certification list
- 20. Testing Certification List If name is on the list, then nothing more needed now. Certification list will be finalized and sent in mid- to-late July You will be contacted by NMLS to attest to certification and pay fee, then its final and will be posted on NMLS If name is NOT on the list, send certificate to Kirsten Anderson Via e-mail to Kirsten.L.Anderson@state.or.us Via fax to (503) 947-7862 or Via mail to PO Box 14480, Salem OR 97309
- 21. State Test
- 22. Register for AMP Test
- 23. Register for AMP Test
- 24. Follow the on-screen wizard
- 25. NMLS Exam
- 26. NMLS Testing Home Page
- 27. Further down the 沿温乙艶
- 28. Test Enrollment Quick Guide
- 29. NMLS Home Page
- 31. More steps
- 33. Create an account or login
- 34. To create an 温界界看顎稼岳
- 37. Account created
- 39. Log In to the NMLS
- 40. Individual Home Page Tab Work bar s Vertical list
- 41. Where to file a MU4
- 42. File a MU4
- 43. Pick the states that you want to be licensed in
- 44. Check the license(s) you 壊艶鉛艶界岳艶糸
- 45. Confirm the license Do not add anything here
- 46. Finalize the license 壊艶鉛艶界岳艶糸
- 47. Moving to the rest of the MU4
- 49. Other Names?
- 50. The Loop Process
- 51. Ending the loop
- 52. Residential History Another loop
- 54. The loop
- 56. Moving on
- 57. Employment History Another loop
- 67. Attestation
- 68. Pick your payment 韓看姻馨
- 71. Fingerprints
- 75. Filings page Before Now
- 76. Historical Filings Before Now
- 78. Company Access
- 82. NMLS Notifies Company that Access Has Been Granted
- 83. Once you have submitted your application and granted the company access, you have completed what you are required to complete in NMLS to apply for your Oregon license.