Get Your New Mexico NMLS Mortgage License

Become a New Mexico loan officer with the mortgage educator you can trust

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Choose from these New Mexico mortgage education courses to get your NMLS license

Start your New Mexico mortgage broker career with confidence with our NMLS-approved mortgage courses. Be prepared for the New Mexico mortgage loan originator NMLS exam with our 20-hour New Mexico SAFE course. This comprehensive course meets the SAFE Act mortgage pre-license education requirements for new mortgage loan officers. 

20 Hour NM SAFE Comprehensive: New Mexico Applying Mortgage Knowledge to Exam Preparation (OIL)

Format | Online Instructor-Led

Credit Hours | 20

Category | Comprehensive

SKU | 4301NM00000C00

$349.00

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20 Hour NM SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation is a test-focused mortgage pre-licensing course, organized to review topics specifically outlined in the National Mortgage Loan Originator Test Content Outline. This course meets the federal mortgage training requirements found in the SAFE Act and helps to prepare students for the National Mortgage Loan Originator Test. This MLO pre-licensing online course also satisfies the required 3 hours of New Mexico law.

3 Hour NM SAFE Review of New Mexico Mortgage Law (OIL)

Format | Online Instructor-Led

Credit Hours | 3

Category | Elective

SKU | 4309NM00450C00

$99.00

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3 Hour NM SAFE Review of New Mexico Mortgage Law provides a review of New Mexico’s Mortgage Loan Company Act, Mortgage Loan Originator Licensing Act, and other laws that impact mortgage lending in the state. The course offers a thorough review of the regulatory scheme for mortgage professionals in New Mexico, including information about the Financial Institutions Division of the New Mexico Regulation and Licensing Department, important definitions, licensing laws and regulations for mortgage professionals, required conduct and prohibited practices, and disciplinary actions for violations of the law. This online - instructor led course meets the 3-hour New Mexico-specific pre-licensing education requirement for loan originators and offers a thorough review of the information and laws that license applicants must understand in order to make, broker, or originate loans in compliance with New Mexico law.

PLATINUM: Mortgage Exam Prep Suite with Prep xL Personalized Learning

Format | Online Self-Paced

Category | Exam Prep

SKU | national-nmls-mortgage

$179.00

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Take your Mortgage License Exam Prep to the next level with personalized learning!

This online Platinum Mortgage Exam Prep Suite includes Prep xL Personalized Learning, a sophisticated mortgage exam prep tool for anyone that is preparing to take their mortgage license exam. It leverages personalized learning technology to tailor study materials and create customized learning paths to help ensure you pass the NMLS mortgage exam on your first try! Perfect for individuals who have limited experience in the mortgage industry and need to pass the NMLS mortgage exam.

This package includes:

- NMLS Exam Test-Taking Tips

- SAFE Mortgage Loan Originator National + UST Content Material

- OVER 1200 questions

- Eight Simulated Exams

- OVER 800 Interactive Flashcards

- Personalized Dashboard

- Real-time Reports

- Mobile Compatible

NOTE: This is not an NMLS-approved course and will not satisfy the pre-license education requirements.

GOLD: Mortgage Exam Prep Suite

Format | Online Self-Paced

Category | Exam Prep

SKU | 4304US00050A00

$149.00

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Gain confidence in taking the rigorous NMLS exam!

This online mortgage license package is designed for individuals who have some experience in the mortgage industry, and need to pass the NMLS mortgage license exam. It includes comprehensive tools including test-taking tips, comprehensive content and over 375 practice questions.

This online mortgage license exam prep package includes:

- NMLS Exam Test-Taking Tips

- SAFE Mortgage Loan Originator National + UST Content Material

- 375 practice questions

NOTE: This is not an NMLS-approved course and will not satisfy the pre-license education requirements.

 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:

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