Colorado Mortgage License Requirements
Application Requirements to become licensed in Colorado:
| Description | Requirement |
|---|---|
| Temporary Authority to Operate Eligible | Yes |
| Application Fee | $0.00 |
| License Registration Fee | $0.00 |
| NMLS Processing Fee | $35.00 |
| Sponsorship Fee* | $0.00 |
| Credit Report Required | $15.00 |
| Criminal Background Check Required | $36.25 |
| Testing Required | Yes, passing score of 75% or higher |
| SAFE MLO Test Cost | $110.00 |
| Work Remote Allowed | No |
*Note: A sponsorship request must be submitted by your employer. CO will review and accept or reject the sponsorship request.
Colorado NMLS Pre-Licensing Education Requirements:
New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:
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3 hours of federal law
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3 hours of ethics
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2 hours of non-traditional mortgage lending training
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10 hours of electives
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2 hours of Colorado state-specific education
Note: Individuals who fail to maintain an active, valid license for at least five (5) years must satisfactorily complete testing requirements within the five (5) year period immediately preceding the date of application for licensure.
Colorado Continuing Education Requirements:
State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:
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3 hours of federal law
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2 hours of ethics
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2 hours of non-traditional mortgage lending
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1 hour of electives
MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.
CO requires 8 hours (1hr State Specific) of Late CE for any outstanding CE between 2010-2020.
Colorado Division of Real Estate Contact Info:
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Phone: 303-894-2166
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Website: http://cdn.colorado.gov/
NMLS Resources:
Note: OnCourse Learning is approved with the Colorado Department of Higher Education to ensure that residents of Colorado who attend private, proprietary postsecondary educational institutions are protected from fraud. Please see the Course Catalog tab and Colorado Refund Policy tab for more information.
