To obtain a Mortgage Company Registration in Colorado, you need to follow specific steps set by the Colorado Division of Real Estate (DRE). Here’s a general guide on how to obtain this registration:

1. Meet Eligibility Requirements:

   • Ensure you meet the eligibility criteria set by the Colorado DRE. This typically involves being a legally formed entity, having designated officers, and meeting any financial and character requirements.

2. Designate Officers and Key Personnel:

   • Appoint officers and key personnel within your mortgage company who will be responsible for its operations. These individuals may include owners, managers, and mortgage loan originators (MLOs).

3. Preparation and Education:

   • Familiarize yourself with Colorado mortgage laws and regulations. Consider completing relevant pre-licensing education courses to ensure you understand the requirements and responsibilities of operating a mortgage company in Colorado.

4. Secretary of State Documentation:

   • Upload a certified copy of: The Corporate Charter or Articles of Incorporation (if a corporation), The Articles of Organization and Operating Agreement (if a Limited Liability Company), or The Partnership Agreement (if a partnership of any form)

5. Obtain a Surety Bond:

   • Obtain a surety bond as required by the Colorado DRE. The bond amount may vary based on factors such as loan volume and the number of MLOs employed by your company.

6. Complete the Registration Application:

   • Submit the mortgage company registration application to the Colorado DRE. Provide all required information accurately and ensure that all supporting documents are submitted.

7. Background Checks and Fingerprints:

   • Ensure that all designated officers and key personnel undergo a criminal background check and provide fingerprints as required by the Colorado DRE. This is to ensure that they meet the character and fitness requirements for registration.

8. Errors and Omissions Insurance:

   • Obtain Errors and Omissions (E&O) insurance coverage for your mortgage company’s operations. This insurance protects your company against liability for errors or omissions in professional services provided to clients.

9. Pay Fees:

   • Pay the required application and registration fees to the Colorado DRE. Fee amounts can vary, so check with the department for the current fee schedule.

10. Maintain Compliance:

    • Ensure ongoing compliance with all state and federal regulations governing mortgage companies in Colorado. This includes maintaining accurate records, adhering to advertising guidelines, and fulfilling any continuing education requirements for your company and its personnel.

11. Renewal:

    • Keep track of your mortgage company registration expiration date and ensure timely renewal to maintain active status.