Oregon Mortgage Broker Bond

    Oregon mortgage brokers have been regulated by the state since January 1, 1994. In 2002 the restrictiveness of the regulation increased with the Mortgage Lenders Law which gave power to The Division of Finance and Corporate Securities, inside the Department of Consumer and Business Services, licensing power of mortgage brokers.
    To qualify for licensure as a mortgage broker, applicants must have at least 3 years experience in the mortgage business, as well as a $25,000 bond. Loan Originators are also required to register with the Division of Finance and Corporate Securities. Loan originators must pass a course and examination, as well as completing 20 hours of continuing education during the licensure period.
How to get bonded
  • Apply Online
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  • Pay and ship your bond
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Oregon Mortgage Bond Markets

Bad Credit Mortgage Broker Bonds

Applicants with a low credit score, or public records (Bankruptcy, Liens, Collection, or Civil Judgments) will find a difficult time getting bonded. Bryant Surety Bonds, inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for high risk mortgage brokers.

Oregon Licensure Requirements*

Applicant Requirements:

  • Age: No Requirement
  • State Residency: No Requirement
  • Experience: During the 5 years prior to application, or managing member for the applicant, must have 3 years experience in the mortgage business, 3 years experience Negotiating loans in a related business, or 3 years equivalent lending experience in a related field.
  • Education: No Requirement
  • Continuing Education: No Requirement
  • Examination: No Requirement
  • Fitness For Licensure: No Requirement
  • Net Worth: No Requirement
  • Surety Bond: $25,000 and $5,000 for each additional branch office
  • Background Check: Applicant must submit a set of fingerprints as well as consent to a background check.
  • Managing Principal: No Requirement

State Licensing Fees:

  • Initial Application: $825 Licensing Fee
  • Branch Application: $165 Branch Licensing Fee ($247.50 if added after initial application).
  • Renewal Application: $825 License renewal (the original license is for 1 year, after which the renewal is for every 2 years), $165 Branch Renewal Fee.

Employee Requirements:

  • Age: No Requirement
  • State Residency: No Requirement
  • Experience: No Requirement
  • Education: Applicant must have 3 years experience prior to 1/1/02, or complete a 20 hour course. If applicant has been employed as a loan originator in Oregon for 2 or more years, the applicant must complete continuing education.
  • Continuing Education: Registrant must complete 20 hours of continuing education.
  • Examination: If the applicant has not been a Loan Originator for more the three years prior to 1/1/02, the applicant must pass an exam.
  • Fitness For Licensure: No Requirement
  • Net Worth: No Requirement
  • Surety Bond: No Requirement
  • Background Check: Applicant must consent to a criminal background check, as well as submitting fingerprints.
  • Managing Principal: No Requirement
  • Exemptions: Loan Originators are required to register with the state. The loan originator cannot originate loans for more then on broker, banker, or lender at any one time.
  • Licensing Fee: $60 Licensing Fee
  • Renewal Fee: $60 Renewal Fee

Branch Offices:

  • In State Requirements: No Requirement
  • Licensure Requirements: Must submit licensing fee as well as the address, phone, and fax numbers, and the name of the branch supervisor.
  • Branch Manager: No Requirement


  • Entities: Lawyers, real estate agents, and regulated financial institutions.
  • Safe Harbor: None

*Information for state licensing is provided as a guide, always verify with the state that the information is correct.

How to apply:

1.) Visit the commercial application page.
2.) Complete our online application.