New Mexico Mortgage Licensing | New Mexico Financial Institutions Division

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Mortgage Banker or Broker | Mortgage Loan Company and Loan Broker License

• Physical In-State Office Required: No
  
• Qualifying Individual: Yes, 2 years mortgage experience in 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. Must complete all requirements to obtain a New Mexico Mortgage Loan Originator License.
  
• Minimum Net Worth: $ None
  
• Surety Bond: $50,000 to $150,000
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes as of 7/31/2010

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$500 – Surety Bond Fee
$1600– Company License Fee 

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Regulated by:
New Mexico Financial Institutions Division
Mortgage Unit
2550 Cerrillos Road, 3rd Floor 
Santa Fe, NM 87505 
Telephone: (505) 476-4885 
Fax: (505) 476-4670 
Christopher Moya, Licensing Specialist, 505-476-4908, [email protected]
http://www.rld.state.nm.us/financialinstitutions/