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Colorado Mortgage License Requirements | Mortgage Educators
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colorado mortgage license

 

How to Get Your (MLO) Mortgage License in Colorado

1. Apply for your NMLS account and ID number if you haven’t already.

 

2. Complete your NMLS Pre-License Education (must complete a 20-hour SAFE pre-licensure education course).

 

3. Pass the NMLS Colorado Mortgage licensing exam.

 

4. Apply for your Colorado Mortgage Broker license.

 

5. Complete background checks and pay all fees (all fees are displayed below)

 

6. Once completed, associate your NMLS account with your employer.

 

New Colorado Mortgage Loan Originator License Course Bundle

This bundle is now available at a discounted rate!

Now For Only $399 $259

Use Coupon Code: COPEDEAL

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Colorado Mortgage License Education For Existing Loan Officers

Already licensed in another state? Get licensed in Colorado today!

Now For Only $39

Use Coupon Code: COPE39

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 For questions about ordering or other information, call (801) 676-2529 

 

 

 

NMLS Colorado Mortgage License Requirements

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. 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 Loan Officer Licensing Requirements

Are you seeking Colorado mortgage license renewal? Or, maybe you’re already a mortgage loan originator moving from another state? If so, the state of Colorado requires you to complete 20 hours of NMLS-certified mortgage education, including a 2-hour state law and rules course. We have bundled all of these required hours, along with a national test prep course, into one conveniently managed licensing course bundle.

 

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. 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!

 

 

CLICK HERE FOR DETAILED EDUCATION REQUIREMENTS FOR COLORADO

 

Colorado Mortgage License Education Requirements Cost of Getting Your License in Colorado

New Colorado state-licensed Mortgage Loan Originators are required to complete a 20-hour pre-licensure education course as dictated by the SAFE Act of 2008. This course includes: 

  • 3 hours of federal law and regulations
  • 3 hours of ethics, fraud, consumer protection, and fair-lending issues
  • 2 hours of non-traditional mortgage lending
  • 12 hours of undefined instruction (electives)
  • 2 hours of Colorado state law education

 

New Mortgage License Education does not count towards annual CE credits. MLO’s are also advised to not retake any 20-hour new license education course unless otherwise directed by a state regulator.

 

Cost of Getting Your License in Colorado 

Before you get your Colorado mortgage license, it’s important to know the costs involved. Here are all of the fees you’ll need to pay to become licensed:

 

  • $25 license fee
  • $30 NMLS processing fee
  • $15 credit report
  • $36.25 FBI background check
  • $39.50 state criminal background check (made payable to CO Bureau of Investigation)
  • $110 exam fee

 

 

Total: $255.75

 

Colorado Mortgage Continuing Education Requirements 

You will be required to complete eight hours of continuing education before getting your NMLS license in Colorado. These hours include:

 

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of Colorado state law education

 

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.

 

 

Order Your Course Today

 If you’re ready to become a Colorado mortgage loan originator, order your Mortgage Educators Course today. We’ll help you every step of the way so you can achieve your goal of being a licensed loan officer in Colorado.

 

 

Additional Questions?

Mortgage Educators and Compliance is here to answer any additional questions that you may have. For additional questions, feel free to call us at(801) 676-2520 or email us at 20hour@MortgageEducators.com.   

 

 

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