Mortgage Net Branch Consultants
Stop Dreaming It;
Start Living It!
Are You Ready To Take The Net Branch Challenge?
Keep YOUR profit. Multiple Programs Including:
100% Commissioned Opportunities!
Flat File Fee Programs!
Monthly Branch Fee Programs!
Company net Flat File Fee
Net Branch  |  About Us  |  Contact
100% Commission Branch Monthly Branch Fee
Company Net Flat File Fee
net branch
what is a net branch
net branch opportunities
bank net branch
net branch for mortgage brokers
mortgage net branch company
FAQ about net branches
virtual loan officer jobs
Mortgage Company Professionals Working Together
100% Commission Branch Monthly Branch Fee

alabama alaska california colorado florida minnesota montana indiana louisiana maryland mississippi missouri new mexico north carolina north dakota kentucky pennsylvania south carolina south dakota tennessee texas arizona arkansas connecticut delaware georgia hawaii idaho illinois iowa kansas maine massachusetts michigan nebraska nevada new hampshire new jersey new york ohio oklahoma oregon rhode island utah vermont virginia washington west virginia wisconsin wyoming

net branch » Opportunity » Oregon

Mortgage Net Branch Oregon

Does Oregon require a mortgage net branch operation to be licensed and receive continuing education after initial Licensing?

Yes (as of this writing). In order to be eligible to renew your net branch license in Oregon, you must receive six hours of continuing education each year. It goes without saying that the continuing education must meet state licensing requirements for your branch operation.

Oregon also has a few other requirements for mortgage branches, and one of these applies to both the broker and any mortgage net branch in OR. This is in the area of the surety bond.

A person applying for or renewing a mortgage broker branch or lender license must post an initial surety bond typically around $25,000. In addition, each additional Oregon net branch will require a, approximate, $5000 surety bond posted on it. This means that the funds required to purchase surety bonds in these amounts must be available.

You must also have had three years of experience to own and manage an mortgage net branch and that three years' experience must have come in the last five years. If you have a huge gap in your mortgage experience, this may be a hindrance to you getting a branch license.

Oregon also requires a state application of $825 approx. These fees are usually non-refundable.

Oregon still offers mortgage brokers wishing to conduct mortgage business in the state some advantages, however. For instance, a mortgage broker does not have to have a physical location in the State of Oregon provided other requirement are met and as long as he holds a current, valid broker's license in his home state. At this time, it is permissible to operate a mortgage net branch in OR.


Copyright 2006 - 2012 All Rights Reserved