Mortgage banking license colorado

Approved Topics. State Education Notices. Functional Specification. Course Resources. Rules of Conduct for Students. Provider Working Group. Late CE Approval. Comments or Questions. Surety Company. Surety Bond Producer. Quick Guides - Company.

Quick Guides - Individual. Now may be the time to consider adding Colorado to your footprint. Here are 5 things you need to know about applying for a Colorado mortgage license.

Colorado, however, does not have that requirement. Also, the company can hold a blanket MLO bond whose amount depends on the number of loan officers sponsored. Therefore, as a company grows, bond costs which are usually the responsibility of loan officers, can be picked up by the company, which can be a cost-savings to your loan officers.

While some states require individuals to complete their application with the documents required by the Nationwide Mortgage Licensing System NMLS , Colorado has a separate website DORA that will require additional documentation outside of that list. Therefore, it is important to review and gather the documentation requirements before submitting your application. TEL: Creating an account is a simple process that only takes a few minutes to complete. E pre-licensing course, which must include 2 hours of Colorado content, along with any additional coursework required by the Colorado state licensing agency: The Division of Regulatory Agencies DORA.

All states require 20 hours of mortgage education from an NMLS approved mortgage school. If you are seeking a new mortgage license, be sure to enroll in the 20 hours SAFE course in addition to your state-specific education requirements. CO requires at least 20 hours of pre-license education and meet one of the following three conditions:. Once you completed the required pre-licensing courses and achieved passing scores on the National and any applicable state required tests, you will be able to apply for your mortgage loan originator license on the NMLS website.

In order to receive your Colorado MLO certification, you'll need to provide the following information and pay the associated fees:. Create a Fieldprint account and register for an appointment. Submit a Preliminary Advisory Opinion. Qualifying Education. Continuing Education.

Mortgage Loan Originator Program. Apply or Manage your License. Initial Licensure Steps.