The following information is required to obtain a mortgage broker license in Oklahoma:

• Submit a completed and signed application along with the application fee and other required documents to the department. A complete and accurate application will be processed within 30 days of receiving the complete application package and the decision of whether the license has been granted or denied will be delivered to the applicant.
  
• A license is valid for three years. This license may be renewed by submitting documentation by December 31 of the third year.
  
• An applicant wishing to obtain a mortgage broker license must have proof of 3 years continuous experience within the last five years in the residential Mortgage loan industry, real estate sales of lending industry. Or the applicant must have satisfactorily completed applicable educational requirements as established by the Commission on Consumer Credit during the three (3) years immediately preceding the time of application. A list of approved Mortgage Broker Continuing Education Vendors can be found online by clicking Mortgage Brokers - Approved Continuing Education Facilities.
  
• The applicant must have a Trust account in a federally insured bank in Oklahoma.
  
• All applicants must take and past a mortgage broker's test. The study guide and test schedules can be found at the website. This test must be taken and passed not more than one year preceding the time of the application.
  
• Submit a recent financial statement including balance sheet along with the application.
  
• Include a copy of all basic documents establishing the entity of the applicant.
  
• Submit a separate application for branch office license.

Application can be downloaded at Mortgage Broker License Application.

Visit the Mortgage Brokers - Oklahoma Department of Consumer Credit for more information.