Colorado streamlining licensure process for mortgage-loan originators

DENVER — The Colorado Board of Mortgage Loan Originators on Tuesday adopted new examination requirements, streamlining the process to become a licensed mortgage-loan originator in the state.

In the past, applicants have been required to pass a two-part examination, the first part a national test and the second a state-specific test.

Beginning March 1, applicants will be required to take and pass one test that combines national and state requirements.

As part of the new examination requirements, applicants will need to complete two hours of Colorado specific pre-licensing education. The total number of pre-licensing hours in Colorado has not increased, but the course content requirements have changed to replace previously required general elective with a state-specific elective.

For more information on the new testing requirements, click here.

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