Instructions on how to fill out the MU4 forms online at the NMLS site.

1. HOW TO APPLY FOR AN
OREGON LOAN
ORIGINATOR LICENSE
Division of Finance and Corporate
Securities

2. Cautions about this
Presentation
 The screen shots in this presentation are taken
from the NMLS training environment, not the real
NMLS. They may vary slightly in the real NMLS.
 This presentation follows a fictitious person
making a filing for a loan originator application in
the NMLS. None of the person’s information is
real or intended to reflect any real person.
 The circles and arrows seen on the screen shots
in this presentation are NOT actually in the NMLS.
They are simply to draw your attention to the
correct portion of the screen.

3. Loan Originator Licensing
Requirements
 Complete 20 hours of pre-licensure education;
 Pass an NMLS-approved S.A.F.E. national test;
 Pass an Oregon test;
 Submit fingerprints for an FBI background check;
 Not have a conviction for a felony within the past 7 years or
have ever been convicted of a felony that involved an act of
fraud, dishonesty, a breach of trust, or money laundering;
 Authorize the NMLS to obtain a credit report;
 Demonstrate financial responsibility;
 Submit an application through NMLS (MU4 Form);
 Have, or be covered by, a surety bond as required by DFCS;
and
 Have not had a mortgage license revoked in any state.

4. Education Requirements
 Certification in NMLS by the state
OR
 20 hours of NMLS-approved pre-licensure
education

5. Qualifications for Education
Certification by Oregon
 Completed 20 hours of MLEB-approved
education at any time prior to December 31,
2009
 Name on Education Certification List
AND
 Apply for Oregon loan originator license
through the NMLS by May 31, 2010

6. Finding the certification list

7. Mortgage Lending Home Page

8. Education Certification

9. Check the education certification
list…

10. Education Certification List
 If name is on the list, then nothing more needed
now.
 Certification list will be finalized and sent in early July
 You will be contacted by NMLS to attest to certification
and pay fee, then it’s final and will be posted on
NMLS
 If name is NOT on the list, you need it to be on the
list and you qualify or if it is not your legal name
on the list, send certificate(s) or corrections to
Kirsten Anderson
 Via e-mail to Kirsten.L.Anderson@state.or.us
 Via fax to (503) 947-7862 (include a cover sheet) or

11. NMLS Education

12. NMLS Education

13. NMLS Course Catalog

14. NMLS Education Quick Guide

15. State Test
 Only the Applied Measurement Professionals
(AMP) test qualifies
 No “grandfather”
 No CompUSA/Cerebra

16. Qualifications for Testing
Certification
 Pass AMP test at any time while it is offered
 Name on Test Certification List
AND
 Apply for Oregon loan originator license
through the NMLS by June 30, 2010

17. Mortgage Lending Home Page

18. Testing Certification

19. Check the test certification list…

20. Testing Certification List
 If name is on the list, then nothing more
needed now.
 Certification list will be finalized and sent in mid-
to-late July
 You will be contacted by NMLS to attest to
certification and pay fee, then it’s final and will be
posted on NMLS
 If name is NOT on the list, send certificate to
Kirsten Anderson
 Via e-mail to Kirsten.L.Anderson@state.or.us
 Via fax to (503) 947-7862 or
 Via mail to PO Box 14480, Salem OR 97309

21. State Test

22. Register for AMP Test

23. Register for AMP Test

24. Follow the on-screen wizard

25. NMLS Exam

26. NMLS Testing Home Page

27. Further down the page…

28. Test Enrollment Quick Guide

29. NMLS Home Page

30. Step-by-step process

31. More steps…

32. State information…

33. Create an account or login

34. To create an account…

35. Complete the page…

36. Confirm information…

37. Account created…

38. NMLS notification….

39. Log In to the NMLS

40. Individual Home Page
Tab
Work bar s
Vertical
list

41. Where to file a MU4

42. File a MU4

43. Pick the states that you want to be
licensed in…

44. Check the license(s) you
selected…

45. Confirm the license…
Do not add
anything
here

46. Finalize the license selected…

47. Moving to the rest of the MU4

48. Personal Information

49. Other Names?

50. The Loop Process…

51. Ending the loop…

52. Residential History – Another
loop

53. Complete the residential
history…

54. The loop

55. Finishing the loop…

56. Moving on…

57. Employment History – Another
loop

58. Completing employment history

59. Employment History (con’t.)

60. Other Business? Another
loop…

61. Disclosure Questions

62. Disclosure Questions (con’t.)

63. Jurisdiction Participation

64. Criminal Background Check…

65. Completeness Check

66. Completeness Check (con’t.)

67. Attestation

68. Pick your payment form…

69. Application is submitted…

70. Confirmation of Filing

71. Fingerprints

72. Fingerprints (con’t.)

73. Fingerprints (con’t)

74. Fingerprints (con’t.)

75. Filings page
Before Now

76. Historical Filings
Before Now

77. NMLS Notifications

78. Company Access

79. Company Access (con’t.)

80. Company Access (con’t.)

81. Company Access Finished

82. NMLS Notifies Company that
Access Has Been Granted

83. Once you have submitted your application
and granted the company access, you have
completed what you are required to
complete in NMLS to apply for your Oregon
license.