Current Mortgage Loan Originators
Mortgage Loan originators in Colorado have until December 31, 2010 to complete and submit Form MU4 through the NMLS.
It is important that current licensees have their Colorado license number available when completing and submitting Form MU4.
NOTE: If you have submitted a Form MU4 in another state, then you do not need to re-enter your record into NMLS. Simply login to the NMLS and select the Colorado Mortgage Loan Originator License.
All Mortgage Loan Originators must meet the requirements listed below by December 31, 2010.
Requirements include:
- A Passing Score on the National component of the SAFE Test
- Satisfactory criminal background check including finger prints
- Acquisition of a surety bond as required by § 12-61-907, C.R.S.
- Acquisition of the errors and omissions insurance required by § 12-61-903.5, C.R.S.
A checklist for existing licensees has been created to help mortgage loan originators through the transition process. This checklist can be viewed online at
http://www.dora.state.co.us/real-estate/mortgage/safe.htm.
See also License Descriptions and Checklists.