Sales/Enroll 888-360-8764
We have 4 formats: Live Classroom Instruction, Classroom Equivalent Webinars: for Pre-Licensing and Continuing Education, Online Instructor Led for Pre-Licensure, Self Study Continuing Education classes
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- Colorado Mortgage Loan Originator License
agentcampus.com offers these Alabama mortgage education courses in conjunction with MortgageEducation.com. All the mortgage education courses are NMLS-approved and will satisfy all the required education hours for your state. Should you have any questions please feel free to contact MortgageEducation.com.
MortgageEducation.com
NMLS Provider No. 1400051
Address: 555 West 23rd Street, N10E New York, NY 10011
Customer Support:
(404) 496-4177
Who is required to have this license?
All persons who originate a mortgage, offer to originate a mortgage, act as a mortgage loan originator, or offer to act as a mortgage loan originator.
Who does not need this license?
All individuals who meet requirements prescribed in section 12-61-904, Colorado Revised Statutes
Pre-requisites for license applications:
- Prior to submitting an application, a set of fingerprints for a criminal history record check must be submitted to the Colorado Bureau of Investigation (CBI) and the Nationwide Mortgage Licensing System;
- Acquisition of a surety bond as required by § 12-61-907, C.R.S. and in accordance with any rule of the Director that directly or indirectly addresses surety bond requirements;
- Acquisition of the errors and omissions insurance required by § 12-61-903.5, C.R.S. and in accordance with any rule of the Director that directly or indirectly addresses errors and omissions insurance requirements;
- Complete the required pre-licensing education and the required written examination required by the Director
- Completion of the mortgage loan originator application; and
- Payment of the application fee established by the Director to the Division of Real Estate.
- Submission of fingerprints to the Nationwide Mortgage Licensing System and Registry according to policies and procedures defined by the Nationwide Mortgage Licensing System and Registry.
- Authorization for a Credit check
- Complete the Online filing with the Nationwide Mortgage Licensing System
Colorado Mortgage Loan Originator License
SAFE ACT Requirements
- SAFE MLO Test -
- National Component – All new applicants approved on or after 1/1/2010 must pass the National Component of the SAFE MLO test prior to their application being approved. Existing licensees as of 1/1/2010 must pass the National Component of the SAFE MLO Test by 7/31/2010.
- State Component – All new applicants approved on or after 1/1/2010 must pass the State Component of the SAFE MLO test prior to their application being approved.
- Criminal Background Check – Existing licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010.All new applicants as of 01/01/2010 must submit fingerprints through NMLS and the state of Colorado for a criminal background checks upon application.
- Credit Report – Existing licensees must authorize a credit report through NMLS by 07/31/2010. All new applicants as of 01/01/2010 must authorize a credit report through NMLS upon application. All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Colorado Mortgage Education Requirements
- SAFE Act Pre-License (required courses – SAFE CORE 8 hours) – All new applicants on or after 12/31/2009 must complete 20 hours of NMLS approved pre-licensure education.
- SAFE Act Continuing Education (required courses – SAFE CORE 8 Hours) – Please refer to the Colorado Mortgage Loan Originator Continuing Education Matrix found on the CO website. All licensees must complete 8 hours of NMLS approved continuing education and 2 hours of State approved continuing education in 2010 in order to renew for 2011. This course should be taken Yearly by 12/31.
- Certification (Education) – Currently licensed MLOs who have completed at least 20 hours of CO State approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.
- Certification (Test) – Currently licensed MLOs who have passed the CO mortgage test no later than 12/31/2009 may be eligible to participate in the testing certification process and may not need to take the CO Component of the SAFE MLO Test. Refer to your state agency for more information.
MortgageEducation.com and 360Training Marketing Questions
What are the different course formats available to the student?
How long is the course good for? For Pre-license? For CE?
Course purchases are good “forever,” with the only barrier being if we discontinue a course. The course timing expiration varies:
- Classroom – scheduled
- Webinar- 2 to 5 Hours
- Online Instructor Led- 3 to 5 days
What is the vendor approval number?
Our NMLS Provider ID: 1400051
What are the course approval numbers?
Consult the NMLS Master Course Catalog for more detail
How can the Live Instructor help while the customer is taking the course? Is it 24X7?
When the students are in the Webinar based classes, the instructor is there the entire time to answer questions. With the Online Instructor Led, emails go to two instructors, both of whom have general knowledge and are generally available. Responses to activities in the courses occur twice a day. Tech Support – 9:30- 6:30 EST
What’s the Refund policy?
A request for refund, less a 15% processing fee, will be honored if requested within seven calendar days of purchase date. Additionally, for classroom courses, refund requests must be received no later than seven days prior to the course start date. No refunds will be issued for completed courses
How does the online course player work?
75%
What’s the passing score for Pre-license and for CE?
We use “articulate.” we have timed slide progression, interspersed with Knowledge Check, which are short four-question quizzes that require 100% to pass and continue
Are we going to take care of the Live classroom registrations if yes please specify how?
A mix of manual and technology based requests will be done on our end
Are there any pre-test requirements for Pre-licensing for each state if yes please specify.
Students may take the NMLS State and National Exams in any order they choose, and may take them before or after completing the Pre-Licensing Education
Are the printable certificates available upon completion?
If you are not taking these courses for Continuing Education Credit or State Certifications of any Kind, your Certificates will be available to you to Print from your Final exam box located on your “Welcome Page” instantly upon completion of the Final exam
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