Pass the Oregon Loan Originator Examination with ProSchools' Exam Prep
Prepare for your Oregon Loan Originator Examination with ProSchools' powerful test prep programs. Included are important lessons with multi-media reviews, knowledge-building exercises, and hundreds of practice questions (complete with explanations) that test you on the Oregon Loan Originator Examination topics. Plus, track your progress and exam readiness with our mortgage exam score monitor. You'll learn how to overcome test-taking anxieties too! Enroll now and pass with confidence.

Oregon Loan Originator NMLS and AMP Exam Prep Title (click for details) Hours Format Price   Oregon Loan Originator Exam Prep n/a Online $75.00 Info ⁄ Buy Now National SAFE Loan Originator Test Prep n/a Online $99.00 Info ⁄ Buy Now Complete Oregon AMP and National SAFE MLO Test Prep n/a Package $105.00 Info ⁄ Buy Now

What you get with ProSchools' Oregon Loan Originator Exam Prep Courses

1. Hundreds of online practice questions with explanations and score tracking
2. Lessons on exam topics in easy-to-read and printable formats
3. Multi-media chapter reviews
4. Knowledge building exercises for the loan originator exam
5. Exam prep tips and strategies

Oregon Mortgage Loan Originator License Requirements
Effective January 1, 2010 the requirements to be a loan originator in Oregon are:

• 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 Loan Originator Examination administered through AMP.
• Pass the Oregon state exam administered through AMP. As of August 1, 2010, new license applicants will need to take the Oregon state component of the SAFE Mortgage Loan Originator test.
• Pass the National component of the SAFE Mortgage Loan Originator Test by May 31, 2010.
• Pass a national background check and authorize a credit report through NMLS by May 31, 2010. The background check is available now, however, the ability to authorize a credit report through NMLS is not currently available. Once it is available this web page will be updated.
• Register with the Nationwide Mortgage Licensing Registry (NMLS). You must be registered and have received your Unique Identifier through the NMLS prior to completing your 20 hours of NMLS-approved education and to register for the National Component of the SAFE Mortgage Loan Originator Test.

Oregon AMP and National SAFE MLO Test Deadlines
To permit an orderly transition to the new Oregon loan originator licensing requirements, the deadlines to pass the National component of the SAFE Mortgage Loan Originator Test and Oregon Loan Originator AMP Examination are:

• Anyone who is new to the business will need to pass the Oregon Loan Originator AMP Examination and complete the 20 hours of NMLS-approved education prior to being a loan originator. The National component of the SAFE Mortgage Loan Originator Test will also need to be passed by May 31, 2010.
• Individuals who have passed the AMP exam previously will have the Oregon test certified and must only pass the National component of the SAFE Mortgage Loan Originator Test by May 31, 2010.
• Individuals who took the Oregon exam administered through Serebra/CompUSA will not be able to their Oregon test certified. These individuals must pass both the Oregon Loan Originator AMP Examination and the National component of the SAFE Mortgage Loan Originator Test by May 31, 2010.

Oregon Loan Originator AMP Exam Information
AMP, a national testing provider, will administer the Oregon portion of the competency examination through July 31, 2010. As of August 1, 2010, new license applicants will need to take the Oregon state component of the SAFE Mortgage Loan Originator test. To schedule an exam visit www.goamp.com for exam reservation guidelines, and a list of all AMP test center locations and hours of operation. Examinations are administered by appointment only Monday through Saturday at 9:00 a.m. and 1:30 p.m. Individuals are scheduled on a first-come, first-served basis.

SAFE Mortgage Loan Originator Test Information

The SAFE Mortgage Loan Originator Test consists of two separate exams called "components":

1. National component (100 questions with 90 scored and 10 unscored): The exam will cover: 1) Federal mortgage-related laws (35%); 2) General mortgage knowledge (25%); 3) Mortgage loan origination activities (25%); 4) Ethics (15%)
2. Unique State Component (45-60 questions). Until the Oregon component is available in August 2010, the state portion of the exam will be administered by AMP.

To schedule and take an exam you must:

1. Create an account in NMLS. Anyone seeking a license must have or create an account in NMLS prior to enrolling.
2. Enroll in the National and/or State-specific test. The fees for the exam will be paid at the time of enrollment through the NMLS.
3. Study for the exam. Note: You are not required to complete your prelicense education prior to taking the exam!
4. Schedule your exam through either Prometric or Pearson VUE. The test is administered at nearly 500 locations nationwide.
5. Arrive at the test center 30 minutes prior to your appointment with current government-issued ID that contains a photo and signature.