Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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©2018 LYNX LICENSING. ALL RIGHTS RESERVED. "NMLS", "Nationwide Mortgage Licensing System", and "Nationwide Multistate Licensing System" and associated logos are trademarks and/or service marks of State Regulatory Registry, LLC ("SRR"). Lynx Licensing and this website are not associated with, sponsored, approved, or licensed by SRR. NMLS Consumer Access.

New Mexico State Licenses and Regulator Costs

Mortgage Loan Company License (Company)

  • NMLS Cost: $1,600

  • Additional Costs: $15 per credit report, $36.25 per criminal background check

  • Qualifying Individual: requires a Qualifying Manager with at least two (2) years of experience in certain specific mortgage activities; must be licensed as a New Mexico mortgage loan originator (contact us for more details)

  • Personal financial statements: required for the Qualifying Manager

  • Surety Bond Requirement: varies based on loan volume from $50,000 to $150,000 (contact us for details)

  • The New Mexico application process takes a significant amount of time; we recommend contacting Lynx Licensing to submit a complete application to help avoid delays

Mortgage Loan Company Branch License (Branch)

  • NMLS Cost: $520

  • Additional Costs:  $36.25 per criminal background check

  • Qualifying Individual: a branch manager or Qualified Manager is required

  • Personal Financial Statement: for Qualifying Managers, see the requirement in company section (above)

Mortgage Loan Originator (Individual)

  • NMLS Cost: $430

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check

  • Education: New Mexico requires three (3) hours of NM-approved pre-licensure education as part of your national education requirement

  • Surety Bond: $50,000 for first year (unless covered by employer's surety bond)

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Lynx Licensing charges a flat rate of $625 per state license, $120 per branch license, and $85 per individual license.