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Continuing Education Requirements For Mortgage Licensees

continuing education for mortgage licensees

 

It’s that time of year again. The weight of completing your continuing education courses to maintain your mortgage license weighs heavy on your shoulders. If this is you, you are not alone. We’ve compiled this list of resources and information to help you complete your continuing education requirements for your mortgage license.

 

**This post was last updated for the 2016 CE Course Requirements. We will continue to update this post each year with new requirements/dates.**

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How To Become A Loan Officer In Colorado

colorado mortgage loan originator

A Mortgage Loan Officer is an organization or individual that works with a borrower to carry out a mortgage transaction. Mortgage Loan Officers are also called Mortgage Loan Originators, Loan Officers, or LO’s.

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 in the state of Colorado need to get a Colorado Mortgage Loan Originator License.

Here are the steps you need to take to become a Colorado Mortgage Loan Originator. If you’d like an even more detailed set of steps, Dave Sims wrote about his experience getting his MLO license.

 

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How Much Does A Mortgage Bond Cost?

how much does a mortgage bond cost

The business of mortgages is one that comes with a lot of responsibility. While a mortgage broker, loan originator, servicer, or banker all take part in different aspects of mortgage initiation and maintenance, each of these professionals must be responsible with a client’s funds. Whatever your specific mortgage field, you need to choose a mortgage bond that fits, and you need to find one that fits your budget as well.

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Your Guide To The Wisconsin Mortgage Banker Bond

wisconsin mortgage banker bond

A Wisconsin Mortgage Banker Bond is a type of mortgage bond that protects your clients from dishonest or unethical actions performed by you or your company. If you or your company do not live up to your obligations to your client as a mortgage banker, then your client is protected and they will be compensated for any losses incurred.

In short, a Wisconsin Mortgage Banker bond holds you responsible for your business decisions. By getting a Wisconsin Mortgage Banker bond, you are telling your clients that you can be trusted as a mortgage banker.

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