NMLS License Colorado: Get Your Colorado Mortgage Loan Originator License in 2025!
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How to Get an NMLS Mortgage License in Colorado
If you have been asking yourself, “how do I get a mortgage license in Colorado?”, this guide will tell you exactly how to do it. If you are wondering how to become a mortgage loan originator and get an NMLS license Colorado is a great state in which to start. A mortgage loan originator, or mortgage loan officer, helps prospective homebuyers obtain a residential mortgage loan, and a mortgage loan originator license is required to do that. The mortgage business is a fast-paced industry with plenty of opportunities for an up-and-coming mortgage loan originator.
In order to become a licensed mortgage loan originator in Colorado, you will have to complete the steps which are outlined below. Additionally, you should consider the costs, education requirements, and other factors discussed in this guide that go into becoming a loan officer in the state of Colorado.
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Step 1 |
Step 2 |
Step 3 |
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Apply for NMLS Account and ID Number |
Complete NMLS Pre-License Education |
Need to pass the SAFE MLO National Test |
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The first step to obtaining your Colorado mortgage license is applying for an NMLS account and ID number. To do so, go to the NMLS website. |
Once you’ve created your NMLS account, it’s time to complete your pre-license education. Colorado requires the 20-hour (18 hour instruction & 2 hour elective) SAFE pre-licensure education course. |
With your education complete, you need to schedule an appointment for the National Test Component exam and take the NMLS test. Find out more on how to take your NMLS exam here. |
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Step 4 |
Step 5 |
Step 6 |
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Complete Background Check and Pay All Fees |
Apply for Your Colorado Mortgage License |
Associate Your NMLS Account with Your Employer |
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To finalize your application and receive your license, you'll need to pay several non-refundable fees and complete a background check. Find out more about how to complete your background check and fingerprints here. |
After receiving a passing score on your NMLS mortgage exam, you need to apply for your Colorado NMLS license. You can find more information on this step here. |
Your license will still be pending in Colorado until you have an employer sponsorship, which lets the government know that an employer is supervising your individual license. Learn how to associate your NMLS account with your employer here. |
During each step of the application process, applicants can review their license status on the NMLS website.
Mortgage Loan Officers in Colorado must also register with the Colorado State Licensing Agency, in addition to the Nationwide Mortgage Licensing System.
Colorado Mortgage License Education
Our goal is to make your mortgage loan originator education as convenient as possible, though we know it’s not for everyone. Being a loan officer takes a willingness to learn every aspect of the mortgage industry and before you receive your license, it is required to complete pre-license education to understand the guidelines and regulations that are required of mortgage loan officers, as well as the responsibilities and duties of a mortgage company.
However, once you are established, a career as a mortgage loan originator can be very fulfilling, flexible, and refreshing. If you don’t mind putting in hard work, like to connect with everyone in your workspace, and have a desire to learn, then obtaining your Colorado mortgage loan originator license may be the perfect move for you!
Colorado Frequently Asked Questions
In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.
Two elective hours must cover Colorado specific regulations and laws. Mortgage Educators includes all of this bundled together, making it easy to keep track of your educational progress.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 10 Hours |
| Colorado Specific Law | 2 Hours |
| Total 20 Hours | |
If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.
A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.
Earning your mortgage broker license in Colorado should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Colorado:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Colorado License Fee | $30 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| State Criminal Background Check | $39.50 |
| Total License Cost | $145.75 |
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Colorado Specific Education | 1 Hour |
Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row.
Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Colorado is December 31st. MLO's in Colorado are actually prevented from applying for license renewal until they have completed their CE.\
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Colorado mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at [email protected].
| David Luna has more than 30 years’ experience in the mortgage lending industry. He has been a consultant for Fannie Mae, Freddie Mac, and other large lenders. He has been featured in Mortgage Technology Magazine, National Mortgage Press, newspapers, NBC, CBS and ABC. He has served as Commissioner (a Governor appointed state mortgage regulator) and in several executive positions. He enjoys the three G’s - Golf, Gardening and Grand kids. |  |
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Anthony Johnson is a co-owner of Mortgage Educators and is the Sales Manager of the company. He has worked in various leadership roles and has been integral in many of the companies awards and honors. When not in the office Anthony enjoys gardening, sports, and spending time with his wife and kids. |
| LaDonna Lockard has been with Mortgage Educators & Compliance since 2012 and is the Operations Manager and Director of Compliance. She has worked within the mortgage industry for 13 years and has received two awards for Excellence in Customer Service by J.D Powers & Associates. When LaDonna isn't working, she enjoys spending time with her husband and daughter, as well traveling and attending as many concerts as she can fit into her evenings. |  |
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Brad draws from an extensive IT background in LAMP, sys admin, web protocols, graphics, audio/video, telephony, networking, technical writing, and mobile technologies for over 25 years. He manages all technology and audio/visual development for MEC. Brad enjoys running and ballroom dancing with his wife. |
| Jason Carroll has been a Senior Account Executive with Mortgage Educators & Compliance since 2011 and has over 15 years of experience in customer relations. Along with being an integral part of our team, he also prides himself on being available any time, day or night, to assist LO's with their educational needs. Although he has a busy schedule, his most important job is raising his two young children. They definitely keep him on his toes, but he still manages to enjoy a few hobbies such as long distance running, basketball and the occasional date with his wife, Breanna. |  |
Michigan Insitute of Real Estate and Mortgage Educators and Compliance (MEC) have teamed up to give you the best NMLS approved education at the best price. MEC provides a variety of NMLS approved education courses including Continuing Education (CE) and Pre-Licensing Education (PE).
The 8 hour CE course is for those who are renewing their mortgage license. The 8 hour CE for 2016 covers many different topics including 203k loans, RESPA, and Ethics. The online 8 hour CE course is designed in such a way as to give the student maximum flexibility while at the same time providing a well structured course filled with relevant information. For more information regarding CE courses, please click the Order Now button below. Be sure to get Falon's discount on these CE courses by using the coupon code MICHCE.
The 20 hour PE course was designed for those who are looking to become mortgage professionals. This 20 hour course meets the national education requirement set by the NMLS. The 20 hour course provides students with the knowledge they'll need in the mortgage industry while at the same time being engaging and entertaining. or more information regarding CE courses, please click the Order Now button below. Be sure to get Falon's discount on these PE courses by using the coupon code MICHPE.
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MEC also provides compliance services, test prep and other products. To see more of the products MEC offers, please follow this link.
For all other products and services please use the MLG coupon code MICHPE to receive more than 30% off!
Please share these specials offers with your friends!
Do you need to be licensed in the state of Massachusetts?
Here are the requirements on how to do so
Purchase the Massachusetts mortgage pre-licensing bundle, this bundle includes both NMLS approved 20 and 3 hour online courses. We also prepare you to take the national test with our comprehensive test prep courses with over 1,000 practice questions!
This bundle is now available for only $399 $269!
Use Coupon Code: MAPEDEAL at Checkout!
Just need the 3 hour Massachusetts elective? Purchase the stand alone!
Massachusetts 3 Hour PE Online Course $99
Use Coupon Discount Code: MAPEDEAL at Checkout!
Under Massachusetts law, each individual that wants to become licensed as a mortgage loan originator needs to fulfill NMLS approved pre-license education, and successfully pass the national exam. Massachusetts requires 20 hours of NMLS approved pre-license education.
Confused about what you need to do?
to be contacted by one of our account representatives.
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MEC is excited to be providing you and your company with great discounts for all of your MLO education needs!
Click the links below to enroll at a steeply discounted rate!
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Pre-Licensing EducationThe NMLS requires all licensed MLO's to take a minimum of 20 hours of pre-licensing education in order to obtain a license, as well as any state-required electives.
Need more information about obtaining a license? Visit our New MLO Licensing Guide |
Continuing EducationThe NMLS requires all licensed MLO's to take a minimum of 8 hours of continuing education each year, as well as any state-required electives.
We offer continuing education in a variety of formats. |
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  *Coupon Code: MLGPE* |
  *Coupon Code: MLGCE* |
  *Already have a license and need to add another state?: MLGPE* |
  *Coupon Code: MLGCE* |
  *Want a live instructor, but from the comfort of your own home? Limited Classes* |
  *Want a live instructor, but from the comfort of your own home? Limited Classes* |
  *PE Live Classroom instructions are limited* |
  *CE Live Classroom instructions are limited* |
  *Choose from our Test Prep and Tutoring options.* |
  *We recommend calling the NMLS to see what may be required to reactivate your license.NMLS phone # 855-665-7123* |
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To enroll over the phone or for live classes, give us a call! (877) 403 - 1428 Mortgage Educators and Compliance is excited to offer these incredible offers for NMLS-approved education. Restrictions apply. Limited time offer.
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