New Mexico

New Mexico focuses on the Qualified Manager the most in their company application. The QM is required to not only hold a New Mexico MLO license but to have at least 2 years of experience in related business during the 4 years preceding the time of application. The QM will also be required to complete a personal financial statement to verify the lending experience as well as a license specific resume with detailed job descriptions. While New Mexico focuses on the QM’s experienced, they also require you to provide the length of time that you have been in engaged in the mortgage business in other jurisdictions as well as New Mexico if business has been conducted there before.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
New MexicoMortgage Loan Company License$1600.00$375.00$399.50Call for More Information$2374.50
New MexicoDebt Collection License$500.00$75.00$488.00Call for More Information$1063.00

License: Mortgage Loan Company License

  • Operating Status: Broker/Lender
  • Bond Amount: $50,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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