Colorado Board of Mortgage Originators to Inactivate LO’s not NMLS approved by January 31, 2011

Colorado Board of Mortgage Originators to Inactivate LO’s not NMLS approved by January 31, 2011

Within a few weeks we should get updated figures on the number of licensed mortgage originators in Colorado.  This notice from the Colorado Division of Real Estate showed up in my inbox a few days ago and indicates that by January 31st, we will have an updated data set on how many mortgage originators are left in business: In the December 15, 2010 meeting of the Board of Mortgage Loan Originators, it was decided that all active licenses issued through the Colorado Division of Real Estate will be INACTIVATED on January 31, 2011 for all individuals that do not maintain an approved and active registration through the NMLS. On … Colorado Board of Mortgage Originators Colorado has traditionally been friendly to business interests. As it relates to mortgage regulation, Colorado was one of the last in the union to accept any type of regulation. Notably, the mortgage industry was effective at keeping government out. The problem was that a housing environment […]

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