Colorado Mortgage Broker Bonds

Colorado is unique in that the Division **requires individual mortgage originators to purchase a mortgage surety bond before a license can be issued.

However, there are ways for a company to purchase a surety bond that covers all of their full time mortgage originator employees.

This video will help you understand what the Colorado mortgage surety bond is, the bond amount and how much it costs to purchase your bond.

Plus you'll learn about the company bond options:

• 00:31 - Video agenda
• 01:00 - Who is required to get this surety bond?
• 01:45 - What is a mortgage surety bond?
• 02:13 - What does a mortgage surety bond protect against?
• 02:43 - Examples of mortgage fraud
• 03:21 - What are the bond amounts?
• 03:57 - How is a mortgage bond price determined?
• 05:07 - Example prices of a mortgage surety bond
• 05:57 - What happens after you purchase your bond?
• 06:27 - Filing your bond with the NMLS
• 06:39 - Renewing your mortgage surety bond
• 07:32 - How to get your custom price today