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 March 31, 2013, there were 576 licensed
mortgage lenders with 1,499 licensed locations. There were 5,095
licensed loan originators.
Avoid foreclosure scams
Homeowners having difficulties making their mortgage payments on time or facing foreclosure
should beware of foreclosure scams. read
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
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.
Multistate settlement may assist Oregon
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.
ORS 86A.112(3) requires that each licensee that held a
license in 2012 file an annual report related to the licensees
residential mortgage lending business for that year. Read
Private Lender, Seller Carry, or Manufactured
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
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