BECOME A LOAN OFFICER IN COLORADO
State Web Page LINK
Steps needed to become a Loan Officer in Colorado
- Determine which division of DORA (Department of Regulatory Agencies) you need to register with.
- Complete the pre-licensing classes (Mortgage Educators & Compliance offers a great 20 Hour Pre - License Education Course)
- Take and pass the Secure and Fair Enforcement (S.A.F.E.) Mortgage Loan Originator Exam
- Obtain a complete set of fingerprints.
- Register with the Nationwide Mortgage Licensing System (NMLS) and Registry online.
- Purchase a surety bond in compliance with state law
- Purchase an errors and omissions insurance policy.
- Complete the Colorado Division of Real Estate mortgage broker license application.
*Colorado does not require state-specific law to be taught but MLOs will be tested on Colorado mortgage lending law.
State Fee's
- Criminial Background Check - Livescan $39, additional $10 CPF (Card Packet Fee)
- Testing - $92 National Component $69 State Component
- Credit Report -$15
- License Fee: $85 + $30 NMLS
Processing Fee's for State License
- Company - $100
- Branch - $20
- Individual - $30
New state-licensed MLOs are required to complete 20 hours of NMLS-approved education.
Here at Mortgage Educators & Compliance we offer a great 20 Hour SAFE Pre-License Course
To learn more about this course please click HERE
The 20 hours include;
- 3 hours of Federal law,
- 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues)
- 2 hours of non-traditional mortgage lending
- 12 hours of undefined education (referred to as electives)
Mortgage Educators & Compliance has the;
- Best price
- Best value
- Best online video and study materials
- A positive learning experience
All for the AMAZING price of $239 (includes the $30 NMLS banking fee)
(This is a limited time offer)
To purchase the 20 Hour SAFE Pre-License course please click HERE
If you have any questions regarding the 20 Hour SAFE Pre- License course you can contact us at
