TrainingPro, a provider of mortgage education and the preferred 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 says it 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 S.B.07-203, all mortgage brokers in Colorado must be licensed with the Division of Real Estate before Jan. 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, TrainingPro notes. All mortgage brokers who currently maintain a Colorado mortgage broker's license must complete this licensing education and pass a state exam by Jan. 1, 2009.
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.