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Mortgage/ Pre-Licensing/ New Mexico/ 3 hour NM SAFE: State Pre-licensing Course
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3 hour NM SAFE: State Pre-licensing Course

$105
This product includes:
Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3
Description
State Requirements

An individual seeking a mortgage loan originator (MLO) license in New Mexico is required to complete 20 hours of NMLS-approved education. Of this requirement, three hours of New Mexico -specific law must be completed. This online self-study course satisfies the three hours of required state-specific education.

Within this course, students will spend time reviewing state regulations and acts impacting MLO activities; perusing scenarios, examples, and case studies; and completing activities to demonstrate understanding of the content.

Package Content:

State Requirements For New Mexico

New Mexico Requirement Details for Mortgage Pre-Licensing Education

Hours Required by the State: 20

  • 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 law

Seat Time Seat time will be enforced and our online course delivery system manages this requirement

NMLS ID Registration: The NMLS system is used to process MLO licensing requests for all 50 states. A unique NMLS ID is required to report all course completions. Creating an account and obtaining an ID number is a simple process that can be completed here.

Licensing Exam: The licensing exam is administered by NMLS.  Registration for the licensing exam is an entirely separate process from your course final exam. For instructions to register for your licensing exam and further information, please click here.


 

Provider Approval # 1405076

The CE Shop's Offering: 20 hours

Final Exams:  Final exams must be passed with a minimum score of 70% and may be taken a maximum of 3 times.

Course Completion Reporting: Mortgage course completions are reported to the Nationwide Multistate Licensing System. A unique NMLS ID is required to report course completions. The CE Shop will report your course within 7 calendar days.

Expiration Date of course: National Pre-Licensing courses have a specified start and end date and are instructor-led. Students must select their course start date within 90 days of purchase. Once the start date has been selected students will have that day plus an additional 12 full calendar days to complete their course.

State-specific Pre-Licensing courses, where required, must be completed within 90 days from the date of purchase. Verify state requirements here. After licensing, licensees will be required to complete New Mexico Mortgage Continuing Education requirements.

New Mexico Contact Details for Mortgage Pre-Licensing 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 Pre-Licensing Education

New Mexico MLO License Description Page
Professional Standards: Mortgage Education
Professional Standards: Criminal Background Check 
Professional Standards: Credit Report
Professional Standards: MLO Testing