New Mexico NMLS-Approved Mortgage Continuing Education

Get started with your New Mexico mortgage loan officer CE online course today

Course Search
Choose the New Mexico NMLS-approved mortgage continuing education course that is right for you

Our NMLS-approved New Mexico mortgage loan originator (MLO) CE courses help you stay licensed and compliant and are specifically designed for New Mexico mortgage loan officers.  We offer comprehensive and core courses as video or online self-paced.

7 Hour SAFE Core: Understanding Origination Regulations Video CE

Format | Online Self-Paced

Credit Hours | 7

Category | Continuing Education

SKU | 4303US19150A00

$139.00

More Info

Understanding Origination Regulations provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the TILA-RESPA Integrated Disclosure Rule, including a look at the Loan Estimate and Closing Disclosure, as well as several laws that reinforce ethical obligations of mortgage licensees like Regulation N and the Bank Secrecy Act. Students will also review rules for the origination of FHA and VA loans.

8 Hour NM SAFE Comprehensive: Maintaining Mortgage Industry Awareness (Online)

Format | Online Self-Paced

Credit Hours | 8

Category | Comprehensive

SKU | 4303NM19000A00

$129.00

More Info

Maintaining Mortgage Industry Awareness provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the Truth-in-Lending Act, the TILA-RESPA Integrated Disclosure Rule, and the Qualified Mortgage Rule, including issues related to considering the triggers, tolerances, and thresholds that enable loan originators to determine when disclosures are due and what information is required. In addition, students will take a look at the Real Estate Settlement Procedures Act, specifically rules related to lead agreements, marketing services agreements, co-marketing, desk licensing agreements, and affiliated business arrangements. Students will also review several nontraditional mortgage products, such as adjustable-rate mortgages and fixed-rate mortgages with terms of 15 and 40 years. Finally, students will review mortgage laws and regulations specific to the state of New Mexico. This course is NMLS-approved for eight hours of continuing education required for New Mexico mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act and New Mexico law. Annual S.A.F.E. Act continuing education requirements for New Mexico loan originators include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, and one hour of New Mexico-specific laws and regulations, for a total of eight hours.

1 Hour NM SAFE: New Mexico Mortgage Law Updates (Live)

Format | Classroom

Credit Hours | 1

Category | Elective

SKU | 4303NM19500B00

$69.00

More Info

This course will focus on the laws and rules that regulate mortgage loan originators and mortgage loan companies doing business in New Mexico. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Financial Institutions Division in recent months, paired with a discussion of the relevant sections of New Mexico law and regulations. In Module 1, students will review standards for obtaining and maintaining a license, fiduciary responsibility, disclosures, and recordkeeping. In Module 2, students will look at prohibited conduct for licensees, as well as disciplinary action that may be taken when violations of the law occur.

1 Hour NM SAFE: New Mexico Mortgage Law Updates (Online)

Format | Online Self-Paced

Credit Hours | 1

Category | Elective

SKU | 4303NM19500A00

$39.00

More Info

This course will focus on the laws and rules that regulate mortgage loan originators and mortgage loan companies doing business in New Mexico. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Financial Institutions Division in recent months, paired with a discussion of the relevant sections of New Mexico law and regulations. In Module 1, students will review standards for obtaining and maintaining a license, fiduciary responsibility, disclosures, and recordkeeping. In Module 2, students will look at prohibited conduct for licensees, as well as disciplinary action that may be taken when violations of the law occur.

 Your Success is Our #1 Priority

OnCourse Learning empowers aspiring mortgage loan originators and seasoned mortgage loan officers to take their learning experience to the next level. Get and maintain your NMLS license with:

  • NMLS-approved mortgage pre-licensing, continuing education and late CE courses
  • Exam prep tools to help you pass your NMLS license exam
  • Over 50 years of mortgage education experience

We’ve helped over 300,000 mortgage brokers begin and advance their careers. Get started today!

New Mexico Mortgage License Requirements

Learn about the New Mexico mortgage education requirements for mortgage licensing.

In the state of New Mexico, mortgage loan originators are required to:

    1. Complete a Criminal Background Check (CBC).
    2. Authorize a credit report through the NMLS.
    3. Fulfill all state and federal education requirements as designated by your state agency.
    4. Take and pass a National Test.
    5. Surety Bond - Each applicant must obtain a surety bond, except that an applicant may use the surety bond of the mortgage loan company they are working for if they are a W-2 employee and sponsored by that mortgage loan company through the Nationwide Mortgage Licensing System. A surety bond in the amount of $50,000 will be required for first year as a licensed mortgage loan originator. After the first year, the surety bond will be based on the total dollar amount of mortgage loans originated annually in New Mexico by the licensee and will be based on the following scale:
      • $0 - $3,000,000 = $50,000 surety bond
      • Greater than $3,000,000 but less than $10,000,000 = $100,000 surety bond
      • Greater than $10,000,000 = $150,000 surety bond

New Mexico NMLS Pre-Licensing Education Requirements:

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

  • 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 state-specific education

New Mexico Continuing Education Requirements:

State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of New Mexico state-specific education

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

New Mexico Mortgage Licensing: 

NMLS Resources:

Join our mailing list and get access to the latest courses, discounts and insights!  You may unsubscribe at any time

20225 Water Tower Blvd. Brookfield, WI 53045
© 2019 OCL Financial Services, LLC. All rights reserved.
NMLS Provider #1400013