Oregon NMLS-Approved Mortgage Continuing Education

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Choose the Oregon NMLS-approved mortgage continuing education course that is right for you

Our NMLS-approved Oregon mortgage loan originator (MLO) CE courses help you stay licensed and compliant and are specifically designed for Oregon mortgage loan officers.  We offer comprehensive and core courses as video or online self-paced.

8 Hour SAFE Comprehensive: Understanding Origination Regulations Video CE

Format | Online Self-Paced

Credit Hours | 8

Category | Continuing Education

SKU | 4303US19140A00

$139.00

More Info

Understanding Origination Regulations provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the TILA-RESPA Integrated Disclosure Rule, including a look at the Loan Estimate and Closing Disclosure, as well as several laws that reinforce ethical obligations of mortgage licensees like Regulation N and the Bank Secrecy Act. Students will also review rules for the origination of FHA and VA loans.

2 Hour OR SAFE: Oregon Mortgage Law Updates (Live)

Format | Classroom

Credit Hours | 2

Category | Elective

SKU | 4303OR19500B00

$79.00

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This course will focus on the laws and rules that regulate mortgage loan originators, bankers, and brokers doing business in Oregon. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Department of Consumer and Business Services in recent months, paired with a discussion of the relevant sections of Oregon laws and regulations. In Module 1, students will review standards for obtaining and maintaining a license and requirements related to recordkeeping and reporting, disclosures, fees and charges, and advertising. In Module 2, students will look at prohibited conduct for licensees, including a look at the Oregon Unlawful Trade Practices Act and the Mortgage Rescue Fraud Prevention Act, as well as disciplinary action that may be taken when violations of the law occur.

2 Hour OR SAFE: Oregon Mortgage Law Updates (Online)

Format | Online Self-Paced

Credit Hours | 2

Category | Elective

SKU | 4303OR19500A00

$44.00

More Info

This course will focus on the laws and rules that regulate mortgage loan originators, bankers, and brokers doing business in Oregon. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Department of Consumer and Business Services in recent months, paired with a discussion of the relevant sections of Oregon laws and regulations. In Module 1, students will review standards for obtaining and maintaining a license and requirements related to recordkeeping and reporting, disclosures, fees and charges, and advertising. In Module 2, students will look at prohibited conduct for licensees, including a look at the Oregon Unlawful Trade Practices Act and the Mortgage Rescue Fraud Prevention Act, as well as disciplinary action that may be taken when violations of the law occur.

10 Hour OR SAFE Comprehensive: Maintaining Mortgage Industry Awareness (Online)

Format | Online Self-Paced

Credit Hours | 10

Category | Comprehensive

SKU | 4303OR19000A00

$144.00

More Info

Maintaining Mortgage Industry Awareness provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the Truth-in-Lending Act, the TILA-RESPA Integrated Disclosure Rule, and the Qualified Mortgage Rule, including issues related to considering the triggers, tolerances, and thresholds that enable loan originators to determine when disclosures are due and what information is required. In addition, students will take a look at the Real Estate Settlement Procedures Act, specifically rules related to lead agreements, marketing services agreements, co-marketing, desk licensing agreements, and affiliated business arrangements. Students will also review several nontraditional mortgage products, such as adjustable-rate mortgages and fixed-rate mortgages with terms of 15 and 40 years. Finally, students will review mortgage laws and regulations specific to the state of Oregon. This course is NMLS-approved for ten hours of continuing education required for Oregon mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act and Oregon law. Annual S.A.F.E. Act continuing education requirements for Oregon loan originators include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, one hour of elective, and two hours of Oregon-specific laws and regulations, for a total of ten hours.

 Your Success is Our #1 Priority

OnCourse Learning empowers aspiring mortgage loan originators and seasoned mortgage loan officers to take their learning experience to the next level. Get and maintain your NMLS license with:

  • NMLS-approved mortgage pre-licensing, continuing education and late CE courses
  • Exam prep tools to help you pass your NMLS license exam
  • Over 50 years of mortgage education experience

We’ve helped over 300,000 mortgage brokers begin and advance their careers. Get started today!

Oregon Mortgage License Requirements

Oregon Mortgage License Requirements

Learn about the Oregon mortgage education needs and additional requirements for mortgage licensing.

In the state of Oregon, mortgage loan originators are required to:

  1. Complete a Criminal Background Check (CBC)
  2. Authorize a credit report through the NMLS.
  3. Fulfill all state and federal education requirements as designated by your state agency.
  4. Take and pass the National Component.
  5. Bond amount: Covered by sponsor’s bond. If sponsor doesn’t have bond, MLO must provide bond between $50,000 and $200,000.

Oregon NLMS Pre-Licensing Education Requirements

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 8 hours of electives
  • 4 hours of Oregon state-specific education

NOTE: PE education must be completed within 3yrs of new or subsequent license application

Oregon Continuing Education Requirements

State-licensed MLOs are required to complete 10 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of electives
  • 2 hours of Oregon state-specific education

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

Oregon Mortgage Licensing: More Information

Oregon Division of Financial Regulation

Phone: 503-378-4140

Email: NMLS.Licensing@state.or.us

Website: dfcs.oregon.gov  

NMLS Resources:

To view the Oregon License Description Page, please click here.

Professional Standards: Mortgage Education – click here

Professional Standards: Criminal Background Check – click here

Professional Standards: Credit Report – click here

Professional Standards: Mortgage Education – click here

Professional Standards: MLO Testing – click here

 

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