Today the Colorado Department of Regulatory Agencies (DORA) inactivated 4,560 Colorado mortgage broker licenses.   For the past couple of years DORA has been working on regulating Colorado mortgage brokers.  Today is finally the day when the hammer came down and people who  have not yet taken care of the requirements are no longer allowed to do business in the state of Colorado.

A licensed mortgage broker in the State of Colorado has to have Errors and omissions insurance, have a bond, take 40 hours of mortgage related education and have passed a state and federal exam.   On top of this a back ground check is done to make sure no one with previous financially related crimes becomes a mortgage broker.

For the past two years all of the mortgage brokers here at American Capital Financial have remained licensed mortgage brokers in compliance with DORA and the state of Colorado.  We have gone above and beyond the requirements because of our belief that our borrowers deserve the most honest and professional service.  Call us any time if you have questions about the requirements or want to know what AMCAPFIN has done to champion this cause.

303-831-9636