June 4, 2007 Dear Loan Originator: On May 1, 2007, The Department of Consumer & Business Services, which regulates Oregon mortgage lenders, began a new contract with Applied Measurement Professionals to provide a state approved examination for Oregon loan originators. Although the test questions changed, the content of the examination is largely identical to the content outline for the previous test that had been proctored since January 2006.  The primary difference is that your entry-level course providers no longer develop the test questions and therefore must teach you from the content outline available in the student handbook rather than prepare you from a bank of previously viewed questions. This means that you may have to do some self-study based on the content outline depending upon your experience and knowledge of the subject matter.  Content experts selected by the Department of Consumer & Business Services unanimously approved all of the test questions. The experts approved the questions as being relevant to practice, linked to the detailed content outline published in the Candidate Handbook, and clearly written with one best answer.  Applied Measurement Professionals has pre-tested the questions to ensure they perform appropriately from a statistical standpoint.  They will continue to evaluate the examinations for content and statistical performance.  The educational program providers have been provided with additional information about content of the questions, and we believe they will continue to try to improve their educational materials. Please thoroughly read the content outline available in your student handbook before registering for the test.  And make sure you understand what type of calculator to bring with you to the examination. You can access the candidate handbook and other related materials at: http://www.goamp.com/sched/w_aspen.examinfo?p_category=FINANCIAL&p_client_code=ORLO&p_exam_id=21041 Sincerely, Berri Leslie, Manager Mortgage Lending Program Berri.leslie@state.or.us