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Mortgage Broker Education Requirements
Mortgage broker applicants are required by Colorado law to complete 40 hours of approved education and pass the two-part exam prior to applying for a mortgage broker license.
All mortgage brokers who currently maintain a Colorado mortgage broker's license must complete 40 hours of licensing education and pass the two-part exam by January 1, 2009.
Mortgage Broker Licensing Education Course Information
The mortgage broker course must consist of the following to meet the 40 hour requirement:
- State and Federal Law totaling 19.5 hours of education coursework
- Mortgage 101 totaling 16 hours of education coursework
- Business and Trade Practices totaling 4.5 hours of education coursework.
ProSchools' Colorado mortgage broker course is coming soon. For a list of approved providers, visit the Colorado Division of Real of Real Estate's website.
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