A mortgage loan originator (MLO) licensed in New Mexico is required to complete eight total hours of continuing education annually. This includes:
This online self-study course satisfies the one hour of required state-specific education. Within the course, students will spend time reviewing state regulations and acts impacting mortgage loan origination activities; perusing scenarios, examples, or case studies; and completing exercises to demonstrate understanding of the content.
New Mexico Requirement Detail for Mortgage Continuing Education
Hours Required by the State: 8 hours
3 hours of federal law
2 hours of ethics
2 hours of non-traditional mortgage lending
1 hour of state-specific education
An MLO who has completed their pre-licensure education (PE) course requirements in the same year in which the license was approved is not required to complete CE within the same year.
Successive Years Rule:
A licensee may not take the same CE course two years in a row.
Seat Time:
Seat time will be enforced and our online course delivery system manages this requirement.
NMLS Provider # 1405076
Course Completion Reporting:
Mortgage course completions are reported to the Nationwide Multistate Licensing System and Registry (NMLS). The CE Shop will report credits to the NMLS within 7 business days of course completion. The NMLS recommends completing CE prior to the 12/31 deadline as licensees are unable to apply to renew their license if their CE is not complete.
NMLS Recommended Deadline Time Frames: SMART CE, AT RISK TO MISS, and GUARANTEED TO MISS deadlines can be found here.
New Mexico Contact Details for Mortgage Continuing 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 Continuing Education
5670 Greenwood Plaza Blvd.
Suite 340
Greenwood Village, CO 80111
Phone: 888.850.0889
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