The State of Colorado Department of Regulatory Agencies, Division of Real Estate, Board of Mortgage Loan Originators, administers through the National Mortgage Licensing System (NMLS), the licensing of mortgage loan originators and Registration of Mortgage Companies.
The Colorado Code of Regulations Title 4 Chapter 725 Section 3 defines the requirements for the mortgage loan originator license and mortgage companies registration regulations. Mortgage companies have a license and surety bond requirement in order to provide services. The surety bond ensures compliance of state and faithful performance of duties.
The requirements for mortgage company registration include:
The premium that you pay for a Colorado Mortgage Company Registration Surety Bond is dependent on credit and personal/business financial statements. Premiums start at .75% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
In Colorado, all persons who originate, offer to originate, act as a mortgage loan originator or offer to act as a loan originator are required to be licensed.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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