Things to know regarding a Colorado Mortgage License: Company does not require a Bond, but individual LO’s must obtain a CO Minimum Bond Amount $25,000. CO does not offer or require branches to hold a CO branch license. For a Colorado Mortgage License, CO has a separate website for applications that requires documents outside of the NMLS.
|State||License Name||State Fee||Bond Premium Est.||SoS Fee||MLG Processing||Total|
|Colorado||Colorado Company Registration||$298.00||$0.00||$560.50||Call for More Information||$858.50|
|Colorado||Debt Collection License||$1150.00||$180.00 - 300.00||$422.00||Call for More Information||$1752.00|
License: Mortgage Company Registration
- Operating Status: Broker/Lender
- Bond Amount: $0
- Net Worth: $0
- Brick & Mortar: No
- Audited Financials: No
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Mortgage Company Registration
CO has one of the most inexpensive and simplest company applications. Also, this application does not require a company bond, instead the responsibility is on the MLO’s to have bond coverage. CO does not require a Qualified Individual for a Colorado Mortgage License.