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Active Mortgage Loan Originators are required to maintain errors and omissions insurance as well as a surety bond.
Mortgage companies are required to be registered on the NMLS. Additionally, pursuant to 12-61-903.1, C.R.S., mortgage companies must meet the following:
The Colorado Division of Real Estate has contracted with Philadelphia Insurance Companies to administer the group E&O insurance program for Colorado mortgage loan originators.
You are required to provide proof of continuous surety bond coverage and that all required information is current with the Division.