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For assistance with mortgage licensing, contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
steven@imlicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
New Mexico Mortgage Licensing
Mortgage Banker or Broker
Mortgage Loan Company and Loan Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $50,000 to $150,000
State Initial Fee: $1,600
Branch Licensing: Yes
Loan Originator Licensing: Yes as of 7/31/10
Experience: Qualifying Individual with verifiable proof that they have at least 2 years experience as a principal, partner, officer, director, manager, processor or underwriter of a mortgage loan company or a mortgage loan originator or equivalent lending experience in a related business during the four years immediately proceeding the time of application. Must provide 2 years income tax returns; and 2 years W-2 and/or 1099 forms
Comment: Qualifying Individual must complete all requirements to obtain a New Mexico Mortgage Loan Originator License.
Regulated by:
Financial Institutions Division
2550 Cerrillos Road, 3rd Floor
Santa Fe, NM 87505
Telephone: (505) 476-4885
Fax: (505) 476-4670
http://www.rld.state.nm.us/FID/index.html