TrainingPro mortgage education approved in ColoradoMortgagePress.comonline education, CAMB, live class, Colorado Division of Real Estate
Colorado Mortgage Brokers must complete new training
requirement by January
TrainingPro, a national
provider of mortgage education and online education partner of the
Colorado Association of Mortgage
Brokers, is now an approved mortgage education provider in
Colorado. One of the first online mortgage education providers in
the state, TrainingPro offers the required 40 hours of approved
curriculum in online and live class format. TrainingPro is approved
by the Colorado
Division of Private Occupational Schools (DPOS) and PSI, the
content approving body.
According to Senate Bill 07-203, all Mortgage Brokers in
Colorado must be licensed with the Colorado Division of
Real Estate before January 1, 2009. One component of this
licensure is the successful completion of a 40-hour mortgage
training requirement conducted by a state-approved mortgage
education provider. All Mortgage Brokers who currently maintain a
Colorado Mortgage Broker's license must complete this licensing
education and pass a state exam by January 1, 2009.
According to Part 9, Section 12-61-902 of the Colorado Mortgage
Broker Licensing Act, a Mortgage Broker is defined as: "an
individual who negotiates, originates, or offers or attempts to
negotiate or originate for a borrower, and for a commission or
other thing of value, a residential mortgage loan to be consummated
and funded by a mortgage lender."
TrainingPro's 40-hour mortgage education course, "Mortgage
Basics: Increasing Knowledge, Creating Opportunities," is a
comprehensive pre-licensing training program that addresses the
fundamental laws, concepts and practices involved in the mortgage
industry. The course includes 19.5 hours of federal and state
mortgage laws, 16 hours of mortgage basics, and 4.5 hours of
business and trade practices.
"TrainingPro is excited to begin offering its proven mortgage
training curriculum to the mortgage professionals in Colorado,"
said Christopher Nickerson, CEO of TrainingPro. "We are proud to
provide two training options for this new mortgage training
requirement—online and live—to cater to different
learning styles. We fully support the state's initiative to enrich
and elevate the mortgage industry through education and will be
available to help and guide Colorado Mortgage Brokers through the
Together, TrainingPro and CAMB are working to provide the
highest quality solution for mortgage training in the state. CAMB
members are invited to receive a discount off of the 40-hour online
course by visiting www.trainingpro.com/camb.
Colorado is the 32nd state to approve TrainingPro as a mortgage
education provider. TrainingPro is also approved in Alabama,
Arizona, Arkansas, California, Colorado, Florida, Georgia,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Maryland, Minnesota, Mississippi, Montana, Nevada, North Carolina,
Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota,
Texas, Utah, Washington, West Virginia and Wisconsin.
For more information, visit www.trainingpro.com">.