Oregon Mortgage Broker License Requirements
Technically, you don’t actually receive a license. You’re required by Oregon law to take a 20-hour entry-level course and pass an exam. You’ll receive certification as proof of course completion, but no formal license. The course and exam cover state and federal laws and rules relating to mortgage lending. 

To originate loans in Oregon, you must take the course and pass the exam. The course and exam must be certified and approved by the Oregon Mortgage Lending Education Board (MLEB) as ProSchools’ course is.

To work as a mortgage loan originator in Oregon, you need to:

1. Complete a 20-hour entry-level course. It must be from an MLEB-accredited provider, like ProSchools. Our online mortgage broker course includes study materials, practice quizzes, and access to useful Web sites. The Internet format provides the flexibility to complete the coursework wherever and whenever it’s convenient for you.
2. Pass the state mortgage lending exam. You will need to pass a 100-question multiple-choice state exam with a score of 70% or better.
3. Keep your certificate. You must retain the original mortgage lending certificate for five years and provide a copy to your employer.

Oregon Mortgage Lending License Exam Information

Oregon law requires all entry level students pass a state-approved exam prior to working as a loan originator.

New Oregon mortgage lenders must pass a computerized license examination. As of May 1, 2007, the Oregon Loan Originator Examination is administered by computer by appointment only with AMP. AMP Assessment Centers are typically located in H&R Block offices. Please visit AMP’s website at www.goAMP.com for a complete list of locations. Once you enter the H&R Block office, look for the signs indicating AMP Assessment Center check-in.

After your school has submitted your electronic record to AMP, you may schedule an appointment. To schedule an exam, you will need to provide the following information:

1. Personal information – legal name, address, work e-mail address and work phone number
2. Username and password – 4-15 characters (letters and numbers) in length
3. Name of the company you work for, including state and county locations
4. School name and course number of the mortgage lending course you completed
5. Exam fees paid in full by credit card

Visit www.goamp.com for more 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.

To gain admission to the Assessment Center, you must present two forms of identification, one with a current photograph. Both forms of identification must be current and include your current name and signature. You will also be required to sign a roster for verification of identity. Acceptable forms of identification include a current:

1. Driver's license with photograph
2. State identification card with photograph
3. Passport
4. Military identification card with photograph
5. Social security card (secondary form)
   

Employment ID cards, student ID cards and any type of temporary identification are NOT acceptable as primary identification, but may be used as secondary identification.
Candidates are prohibited from misrepresenting their identities or falsifying information to obtain admission to the Assessment Center.

You will have two hours to complete the exam. Be sure to attempt to answer every question. A minimum score of 70% is required to pass the exam. Your score will be available immediately. You will be issued a certificate at the exam site.