Official sources and verification (15)
Last verified Oct 25, 2026. Each quotation supports the corresponding published value.
BoardFinancial Institutions Division of the New Mexico Regulation and Licensing Department
Financial Institutions Division of the New Mexico Regulation and Licensing Department
ISSUING AGENCY: Financial Institutions Division of the Regulation and Licensing Department.
Official sourceLast verified Oct 25, 2026
Apply with the agencyOpen the official agency page
https://www.rld.nm.gov/financial-institutions/about-us/faqs/
apply for a license through NMLS and obtain a unique identifier number;
Official sourceLast verified Oct 25, 2026
Qualifications / Required hours20 hours
20
take 20 hours of mortgage education, which will include 3 hours of New Mexico specific classes;
Official sourceLast verified Oct 25, 2026
Qualifications / EducationThe 20 hours include 3 hours of New Mexico-specific education.
The 20 hours include 3 hours of New Mexico-specific education.
take 20 hours of mortgage education, which will include 3 hours of New Mexico specific classes;
Official sourceLast verified Oct 25, 2026
Qualifications / BondHave a surety bond or sponsorship by a mortgage loan company licensed and bonded in New Mexico.
Have a surety bond or sponsorship by a mortgage loan company licensed and bonded in New Mexico.
have a surety bond or be sponsored by a mortgage loan company that is licensed and bonded in the State of New Mexico.
Official sourceLast verified Oct 25, 2026
Fees / Application$200
200
application fee: $200.00;
Official sourceLast verified Oct 25, 2026
Fees / License$200
200
license fee: $200.00;
Official sourceLast verified Oct 25, 2026
Fees / Renewal$200
200
annual renewal license fee: $200.00;
Official sourceLast verified Oct 25, 2026
Renewal period in yearsAnnual renewal license fee: $200.00;
1
annual renewal license fee: $200.00;
Official sourceLast verified Oct 25, 2026
RenewalAll licenses expire on December 31 of each year. All license renewal applications will begin being processed on November 1 of each calendar year and are due by December 31.
All licenses expire on December 31 of each year. All license renewal applications will begin being processed on November 1 of each calendar year and are due by December 31. Applies to: New Mexico mortgage loan originator licenses
All licenses expire on December 31 of each year. All license renewal applications will begin being processed on November 1 of each calendar year and are due by December 31.
Official sourceLast verified Oct 25, 2026
Continuing education hours8 hours
8
A mortgage loan originator is required to obtain 8 hours of continuing education, which includes 1 hour of New Mexico specific education.
Official sourceLast verified Oct 25, 2026
Continuing education topicsIncludes 1 hour of New Mexico-specific education. CE is not required in the calendar year the originator first obtains the license.
Includes 1 hour of New Mexico-specific education. CE is not required in the calendar year the originator first obtains the license.
A mortgage loan originator is required to obtain 8 hours of continuing education, which includes 1 hour of New Mexico specific education. The continuing education is not required in the same calendar year that the mortgage loan originator first obtains their license.
Official sourceLast verified Oct 25, 2026
Agency guidanceIndividuals taking residential mortgage loan applications or offering or negotiating their terms for compensation or gain require licensure, subject to exemptions.
Individuals taking residential mortgage loan applications or offering or negotiating their terms for compensation or gain require licensure, subject to exemptions.
Who should be licensed as a mortgage loan originator?
Any individual who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
Official sourceLast verified Oct 25, 2026
Agency guidanceNMLS credit report and fingerprint background check are required.
NMLS credit report and fingerprint background check are required.
provide a credit report obtained by the NMLS;
pass a background check with fingerprints;
Official sourceLast verified Oct 25, 2026