MBA Joint Letter on Mortgage Loan Originators Remote Work
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The Oklahoma Mortgage Bankers Association (OMBA) and the Mortgage Bankers Association (MBA) request your support of SB 1492, which would provide much needed workplace location flexibility for Oklahoma licensed mortgage loan originators (MLOs). The Department has demonstrated fairness and professionalism throughout the negotiation to shape the details of this effort. This bill is consistent with MBA’s model state legislation and regulation for remote work which over 29 states + DC have adopted. This bill also provides industry supported fee structure changes for the Department to ensure supervision evolves with current industry practices and consumer expectations.
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