3 hour NM SAFE: State Pre-licensing Course

$105
This product includes:
Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3
Description
Renewal Requirements

An individual seeking a mortgage loan originator (MLO) license in New Mexico is required to complete 20 hours of NMLS-approved education. Of this requirement, three hours of New Mexico -specific law must be completed. This online self-study course satisfies the three hours of required state-specific education.

Within this course, students will spend time reviewing state regulations and acts impacting MLO activities; perusing scenarios, examples, and case studies; and completing activities to demonstrate understanding of the content.

Package Content:

State Requirements For New Mexico

New Mexico Requirement Details for Mortgage Pre-Licensing Education

Hours Required by the State: 20
  • 3 hours of federal law

  • 3 hours of ethics

  • 2 hours of non-traditional mortgage lending

  • 9 hours of electives

  • 3  hours of New Mexico law

Seat Time Seat time will be enforced and our online course delivery system manages this requirement

NMLS ID Registration: The NMLS system is used to process MLO licensing requests for all 50 states. A unique NMLS ID is required to report all course completions. Creating an account and obtaining an ID number is a simple process that can be completed here.

Licensing Exam: The licensing exam is administered by NMLS.  Registration for the licensing exam is an entirely separate process from your course final exam. For instructions to register for your licensing exam and further information, please click here.


 

New Mexico Contact Details for Mortgage Pre-Licensing Education

New Mexico Financial Institutions Division
Phone: 505-476-4819
Email: Amanda.urban@state.nm.us; Juan.Trevizo@state.nm.us
Website: New Mexico Financial Institutions Division

NMLS Resources for Mortgage Pre-Licensing Education

New Mexico MLO License Description Page
Professional Standards: Mortgage Education
Professional Standards: Criminal Background Check 
Professional Standards: Credit Report
Professional Standards: MLO Testing