Colorado Association of Mortgage Professionals (CoAMP)

Position Statement

 

UST – Uniform State Test -  Board of Mortgage Loan Originators meeting 7/17/13

The Colorado Association of Mortgage Professionals thanks the Board of Mortgage Loan Originators for it’s commitment of maintaining an environment in our industry of fair lending and consumer protection. The CoAMP Board of Directors have met and discussed the matter of Colorado accepting the NMLS Uniform State Test for licensure eligibility  in the State of Colorado and have formulated the following positions:   

 

CoAMP POSITION: We do not support the acceptance of the UST for Colorado.

We do not advocate or agree that the state should adopt the UST for the testing requirements of Colorado licensees.

The majority of the members of the Board of Directors of CoAMP agree that a Uniformed State Test is not a sufficient litmus test of the knowledge required to be a licensee in the State of Colorado. 

 

The  Colorado laws require specific and unique performances of a licensed MLO operating in this state.  This UST is not particular to our state laws and is too general to measure the knowledge of the applicant for licensure in our state.

 

The Colorado Association of Mortgage Professionals (CoAMP) would like to thank the Mortgage Board for its consideration of our positions.

Sincerely

CoAMP 2013 Board of Directors

Adrienne Randol – President

Kelley Hamilton, CRMS – Past President

Don Booher – Vice President

Cheryl Braunschweiger - Secretary

Heidi Martin – Treasurer

Douglas Braden – Director

Joan Sullivan – Director

Walter Gallegos - Director

Jayne Bail – Director

Bob Turgeon – Director

Jason Kauffman - Director

Jenny Gilbreath – Director

Matt Helfrich - Director