Get Your Oklahoma MLO License

An Oklahoma mortgage loan originator (MLO) is a professional who helps borrowers apply for and obtain mortgage loans. They assess borrowers’ financial situations, recommend appropriate loan products, and guide clients through the mortgage application process. Many people refer to the individual MLO as a mortgage loan officer or mortgage broker.

An MLO (Mortgage Loan Originator) license is required by Oklahoma state law for anyone who takes residential mortgage loan applications or negotiates residential mortgage loan terms in Oklahoma. This requirement is mandated by the SAFE Act and the The Oklahoma Department of Consumer Credit. 

This license is required of a natural person who for compensation or gain or in the expectation of compensation or gain does takes a residential mortgage loan application or offers, negotiates or modifies the terms of a residential mortgage loan.

OK MLO Pre-Licensure Education: Completion of 21 hours of an NMLS approved pre-licensure education course, of which a minimum of 1 hour shall cover the provisions of Oklahoma Laws and Rules.  The 24hourEDU course includes all of these hours for individuals looking to earn their Oklahoma mortgage loan originator license.

The SAFE MLO certification exam costs $110. The test is designed to thoroughly assess your knowledge while remaining achievable for well-prepared candidates. The passing threshold of 75% means you need to get 87 out of 115 questions correct. While the $110 SAFE MLO Exam fee represents an investment in your future, it’s quite reasonable compared to many professional certifications in Oklahoma, and thorough preparation will help ensure you make the most of this opportunity. With focused study and access to our included 500 practice questions, you’ll be well-positioned to demonstrate your expertise and achieve a passing score.

If you are a new MLO in Oklahoma, you will start by registering for your NMLS ID number, completing the required 21-training hours for Oklahoma, and passing the SAFE MLO Exam.  You can then apply by taking the following aciton in your NMLS account:

• • Submit to a criminal background check
  • Provide fingerprints to NMLS
  • Authorize the Registry to obtain a credit report
  • Pay all required fees
  • Activate your license through a mortgage lender

The training is just 21-hours long and the training can be completed in as little as four to four days.  The NMLS requires all students to finish the National 20-hour course in 14-days or less.  The required 20-hours of pre-licensing education typically includes:

• 3 hours of federal law
• 3 hours of ethics
• 2 hours of non-traditional mortgage lending
• 12 hours of electives – Our online MLO course dedicates all of these hours to preparing you for the SAFE MLO test for mortgage loan originator licensing.

Once your 20-hour course is complete with 24hourEDU, you can immediately access the 1-hour Oklahoma Laws Course in your online mortgage training account.

The Oklahoma MLO License Registration Fee $260.  The License Fees through NMLS includes the Annual License Fee $200.00, Examination Fee $50.00 and the Recovery Fund Fee $10.00.

The typical timeline for an Oklahoma MLO application to be processed is:

• Pre-licensing education: 14-days or less (you can finish in 4-days doing full time training)
• SAFE MLO test preparation and passing: 1 week
• Application processing: 2 weeks on average Total time: 6-14 weeks, depending on your preparation and the state’s current processing volume

Tip: The sooner you start, the sooner you will have your Oklahoma Mortgage Loan Originator License

The typical 20-hour pre-licensing education courses cost $300-$500 with exam prep and the 1-hour OK Mortgage Law Course, but with 24hourEDU it’s just $189 with our current promotion and that includes everything.  We even include an Exam Prep Course for Oklahoma MLOs  START NOW!