- 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 License (Company)- 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 Company Branch License (Branch)- 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)
Mortgage Loan Originator (Individual)