Oaktree Funding Corp. NMLS #71640
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Who is Oaktree Funding Corp.?
Oaktree Funding Corp. (NMLS #71640) is a lender listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Is Oaktree Funding Corp. legit?
Here's what public licensing records show. Oaktree Funding Corp. holds mortgage licenses in 42 states, including Alaska, Arizona, Arkansas, California, Colorado (NMLS ID #71640, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
Key Facts
- Lender or brokerOaktree Funding Corp.
- NMLS #71640
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- In the FreeRateUpdate network since
- Profile updated
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Reported application outcomes and pricing, 2025
- Filed asOAKTREE FUNDING CORP.
- 2025 home loan decisionsOf 2,666 applications decided by OAKTREE FUNDING CORP. in 2025, 1,327 were originated, 1,180 were approved but not accepted by the borrower, and 159 were denied.
- Approval rate: approved (originated plus approved but not accepted) as a share of applications decided (approved plus denied) = 94%. Withdrawn, incomplete and purchased loans are not counted.
- Withdrawn, incomplete and purchasedBeyond the decisions above, 238 applications were withdrawn by the borrower, 12 were closed for incompleteness, and 1 loan was purchased from another lender. HMDA counts these as outcomes in their own right — withdrawn before a decision, closed with no decision reached, and a purchased loan is one bought from another lender — and none of them is a lending decision.
- Median rate spread1.333 percentage points above the average prime offer rate (reported on 1,316 originations, 11 reported no spread at all — a median of what was reported, not of everything originated)
These are reported outcomes from past applications, and on their own they do not show how this lender treated any borrower.
Reported closing costs, 2025
- Median total loan costs$14,110.63 — originated closed-end household loans, 2025, 558 loans. FFIEC HMDA data browser.
- Median origination charges$9,652.50 — originated closed-end household loans, 2025, 558 loans. FFIEC HMDA data browser.
- About these figuresThese are historical closing costs reported in the 2025 filing, not a quote for your loan.
Reported product mix, 2025
- Loan types1,310 Conventional, 11 FHA, 6 VA — of 1,327 reported originations, 2025. FFIEC HMDA data browser.
Evidence read October 20, 2026
Source: FFIEC HMDA data browser, 2025 filing. Historical HMDA-reported application outcomes and pricing fields for OAKTREE FUNDING CORP. — historical outcomes for the applications it decided. This is not a statement of any consumer's likelihood of approval and not a current rate quote.
About Oaktree Funding Corp.
Overview
Oaktree Funding Corp. is a mortgage lender that serves borrowers seeking retail loans and also works with brokers and lenders through wholesale and correspondent channels.
Mortgage options
In 2025, Oaktree Funding Corp. made conventional and FHA loans. Its loans that year were for home purchases, refinances and cash-out refinances.
Locations
Oaktree Funding Corp. has five branches in California, Maryland, Missouri and Pennsylvania.
Company details and licensing
The legal entity is Oaktree Funding Corp., an Arizona corporation formed on March 13, 1989. Its headquarters are at 3133 West Frye Road, Suite #205, Chandler, Arizona 85226. The company also uses the trade names My Equity Direct, The G1 Group and Truly Investor Capital. Its NMLS company ID is 71640.
Oaktree Funding Corp. is licensed in Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, the District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia and Wyoming.
Verify NMLS #71640 on NMLS Consumer Access
Sources
Sources last checked . These are the outside records this profile was written from. FreeRateUpdate is not affiliated with them, and they have not reviewed, endorsed, or approved FreeRateUpdate or this page.
Formation date and trade names come from NMLS registry records. FreeRateUpdate is not affiliated with NMLS, and NMLS has not reviewed, endorsed, or approved FreeRateUpdate or this page.
Frequently Asked Questions
Is Oaktree Funding Corp. legit?
Here's what public licensing records show. Oaktree Funding Corp. holds mortgage licenses in 42 states, including Alaska, Arizona, Arkansas, California, Colorado (NMLS ID #71640, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
What is Oaktree Funding Corp.'s NMLS number?
Oaktree Funding Corp.'s NMLS number is 71640. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Oaktree Funding Corp.'s NMLS ID?
Yes. We checked Oaktree Funding Corp.'s company name and NMLS ID against the NMLS record on August 13, 2026. They've been in our lender network since March 2014. That confirms who the company is. It isn't an endorsement, and it doesn't check their license in any particular state.
Where can I learn more about Oaktree Funding Corp.?
This page has Oaktree Funding Corp.'s NMLS identity, which we verified, and its company details, with links to the records they come from where we have them. For its license status in a particular state, check NMLS Consumer Access.