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.
|State||License Name||State Fee||Bond Premium Est.||SoS Fee||MLG Processing||Total|
|New Mexico||Mortgage Loan Company License||$1600.00||$375.00||$399.50||Call for More Information||$2374.50|
|New Mexico||Debt Collection License||$500.00||$75.00||$488.00||Call 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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