Mortgage Lending

Oregon Revised Statute 86A

Mortgage bankers lend money to fund loans secured by interests in real estate and they either sell or service the loans. Mortgage brokers sell real estate paper for themselves or for others or accept funds from others to invest in real estate paper. Mortgage brokers also make or negotiate mortgage loans. The mortgage lender license permits a company to act as a mortgage banker, mortgage broker or both.

As of December 31, 2012, there were 550 licensed mortgage lenders with 1,401 licensed locations. There were 4,654 licensed loan originators.

Information for consumers

Avoid foreclosure scams
Homeowners having difficulties making their mortgage payments on time or facing foreclosure should beware of foreclosure scams. read more.....

File a complaint
If you have a complaint against a mortgage lender or loan originator, please use our online complaint form. The form may also be printed and mailed or faxed to us. The form is available in both English and Spanish versions.

Check out our consumer alerts and press releases to learn about the actions against fraudulent lenders or events to promote consumer education.

Check on a loan originator
Find out if the loan originator you want to do business with is actively registered and has any enforcement actions. Click here for more information.

Featured links

Multistate settlement may assist Oregon homeowners
Distressed Oregon homeowners who are having difficulty paying their mortgage or have gone through the foreclosure process may be entitled to additional assistance if their mortgage servicer is a party to the multistate settlement. Learn more about the settlement and homeowner eligibility by going to the Oregon Department of Justice website. read more...

Foreclosure information

Industry information

• General license information
• Law and Consumer Protection for Nonprofits (webinar - 7/20/11)
• Licensing and Compliance Update (webinar)
• NMLS call report information
• NMLS Mortgage Call Report Filing Instructions
• How to authorize a credit report
• Division policy statement
• Required Foreclosure Notice and Loan Modification Request Process (SB 628)
• Translations of mortgage disclosures (HB2188)

Latest news

Annual reports
ORS 86A.112(3) requires that each licensee that held a license in 2012 file an annual report related to the licensee’s residential mortgage lending business for that year. Read more...

Private Lender, Seller Carry, or Manufactured Structure Dealer
Do you make loans secured by residential real estate? Are you selling a home you own and providing the financing for the borrower? Do you own a manufactured home park and carry financing for consumers to purchase homes in your park? If you answered yes to any of these questions, you may need a mortgage loan originator to facilitate your transaction. Read our FAQS on this subject to find out more…

New S.A.F.E. Act Rules:
FAQ for Nonprofit Organizations and Government Entities.
read more…

HUD final rules
The U.S. Department of Housing and Urban Development has issued final rules implementing the licensing provisions of the S.A.F.E. Act. read more...