How to Get a Colorado Mortgage Loan Originator (MLO) License
Colorado Mortgage License Requirements
- Authorize a credit report through the NMLS
- Fulfill all state and federal education requirements as designated by your state agency
- Pass the National Component
- Submit two sets of fingerprints for a criminal history background check
- Acquire a Surety Bond as required by section 12-61-907, C.R.S.
- Obtain Errors and Omissions insurance as required by section 12-61-903.5, C.R.S.
- Complete the online filing and payment for your State of Colorado license
Steps to Get a Colorado Mortgage License
- Enroll in the Colorado Mortgage Loan Originator (MLO) 22-Hour SAFE Act Pre-License Course
- Attend the live, interactive webinar covering all necessary topics required by the SAFE Act and Colorado state-specific requirements
- Engage in group Q&A sessions and discussions during the course
- Download course materials for federal and state exam preparation
- Complete the course and pass the National Component
Course Description
The Colorado Mortgage Loan Originator (MLO) 22-Hour SAFE Act Pre-License Course offers a comprehensive education tailored to Colorado’s unique requirements for aspiring mortgage loan originators. The live, interactive webinar covers all necessary topics required by the SAFE Act, including federal law, ethics, non-traditional mortgage lending, Colorado state-specific education, and electives.
Course Features
- 22-Hour SAFE Act Pre-License Webinar
- Live, interactive instruction with a course facilitator
- Engaging group Q&A sessions and discussions
- Ability to download course materials for federal and state exam preparation
3 Benefits of a Career in the Mortgage Industry
- Increased Earning Potential: With an MLO License, you can tap into the lucrative mortgage industry, where median salaries range from $60,000 to $70,000, with top performers earning over $100,000 annually (source: U.S. Bureau of Labor Statistics, 2021). The potential for growth and higher commissions increases with experience and a proven track record.
- Making a Tangible Impact: MLOs play a pivotal role in helping 65.8% of American households (source: U.S. Census Bureau, 2021) achieve homeownership. As an MLO, you facilitate the process of securing dream homes and financial stability for families, leaving a lasting impression on their lives.
- Continuous Learning and Career Growth: The mortgage industry is continuously evolving, with over 5.64 million homes sold in the U.S. in 2020 (source: National Association of Realtors, 2021). As an MLO, you’ll stay updated on market trends, regulations, and innovative lending solutions, ensuring long-term professional development and a rewarding career.
Start your mortgage career with Cameron Academy’s MLO License Course – an engaging online course offering education and support for success in the mortgage field. Enroll today and make a meaningful difference as a Mortgage Loan Originator!
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