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MORTGAGE LENDERS

AREI is proud to be the front runner in the licensing and continuing education of Colorado mortgage brokers. We have been instrumental in assisting The Colorado Division of Real Estate in the implementation of Mortgage Broker license laws enacted in 2006 and 2007. Our menu of courses will take you from entry level licensing through your business development and lender affiliation. We hope to contribute to your success as a mortgage broker.

 

PRE-LICENSE EDUCATION: Effective January 1, 2010, each new and current mortgage broker must completed 20 hours of pre-license course work and pass a national examination. The eduational requirements for mortgage broker licensing are as follows;

 

3 Hours Federal Law

3 Hours Ethics, Fraud, Consumer Protections

2 Hours Non-Traditional Mortgage products

12 Hours Electives - General Mortgage Knowledge

 

STATE EXAM: The mortgage broker examination will be administered by PSI with two testing centers in the Denver metro area, one center in Colorado Springs, Ft. Collins, Pueblo, Grand Junction and Durango. Students must complete the required pre-license education prior to attempting the state exam. The state examination is available at PSI testing centers effective April 1, 2008.

 

FACULTY: AREI is proud to provide the highest caliber instructors, all with extensive experience in the mortgage industry.

 

Joseph O'Dorisio, Joe has been involved in the commercial and residential lending industry since 1976. Joe also worked as a branch manager for Freddie Mac which brings project approval, wholesale lending and underwriting knowledge to the classroom as well. Joe has been teaching for AREI since 2001.

 

Stanley Bryant, Stan began his commercial banking career in Texas in 1974. Stan joined Suntrust Mortgage in 1994 as an account executive and has worked with such organizations such as Wells Fargo, Nexgen and Bank United. Stan has been providing mortgage training for many years including course development, sales training and technical training.