NEW MEXICO REQUIREMENTS FOR NMLS PRE-LICENSING EDUCATION Show
Hours Required By The State: 20 hours (including 3-Hour NM PE OSS) Final Exam Instructions: Each course contains a final exam. A minimum score of 75% is required to pass the final exam and can be taken as many times as needed to pass. This exam is required for education credit, but does not count toward the SAFE Mortgage Loan Originator Test. NMLS Education Requirement: Diehl Mortgage Training is an NMLS-Approved Training Provider for Pre-Licensing Education #1400133 Seat Time: The state requires that all students spend a minimum amount of seat time engaged in the course content. Our online learning management system tracks engagement by clicking through the course. Reporting: Upon completion of your course, the NMLS requires course providers to credit-bank your education hours within 7 business days. Diehl banks your hours in as little as 24 hours. Start and End Date of Course: Your course will close at the end of the 5, 7, or 10-Day period, depending on the path you choose. Certificates: Upon completion of the course, Diehl Mortgage Training & Compliance will email you a certificate of completion. Please download and hold onto this certificate to show proof of education completion. https://www.NM.gov Step 1 – Review your checklist Step 2 – Coordinate with your company Step 3 – Create an account Step 4 – Log into NMLS MLO Continuing Education Requirements for New MexicoNo matter which state issued your MLO license, you're subject to specific mortgage education requirements because of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). This legislation requires that all state-licensed MLOs take 7 hours of approved NMLS CE, in addition to New Mexico specific course requirements. You can't take just any NMLS course to reach those 8 hours, either. Your New Mexico NMLS training needs to cover specific topics and you need to take your mortgage education with an NMLS-approved provider. For Annual CE, New Mexico NMLS licensed MLOs are required to complete:
How Do I Know If I'm Required To Take My CE This Year Or Not?Generally, if you obtained your license after 2009 but before this year, the above NMLS CE requirements apply to you. If you obtained your license this year (and assuming you completed the required pre-license education), you don't need to complete any additional mortgage education this year. Successive Year RulePer the SAFE Act, you cannot take the same NMLS course for two years in a row. To avoid this possible overlap, AYPORealEstate creates brand new NMLS-approved CE courses every single year to comply with this rule. NMLS Late CE Courses - Making Up Your Continuing EducationLate CE is required during the annual reinstatement period:
These hours need to come from a specifically designated NMLS 'Late CE' course. The NMLS maintains a catalog of approved courses so you can find the Late CE class you need. AYPORealEstate is an approved Late CE provider and can help you get your Late Continuing Education done, on time. NM Mortgage Loan Originator CE DeadlineThe deadline to complete CE is December 31st. Take note: MLOs in New Mexico are prevented from applying to renew their license if they have not completed CE. Since it may take as long as seven (7) days for a course provider to report a course completion into NMLS, MLOs are strongly encouraged not to wait until the last minute to try to complete CE or they may be prevented from submitting for renewal on time.
How do I become an MLO in New Mexico?In the state of New Mexico, mortgage loan originators are required to:. Complete a Criminal Background Check (CBC).. Authorize a credit report through the NMLS.. Fulfill all state and federal education requirements as designated by your state agency.. Take and pass a National Test.. How do I get a Nmls license in New Mexico?How to Get Your Mortgage License in New Mexico. Apply for Your NMLS Account and ID Number. Complete Your NMLS Pre-License Education. Pass the NMLS Mortgage Licensing Exam.. Pass the NMLS Mortgage Licensing Exam. Complete Background Checks. Associate Your NMLS Account with Your Employer.. How many hours of preNM Requires 17 hours of NMLS-Approved Pre-Licensing Education and 3 hours of NM state-specific education.
What is the primary law governing mortgage loan originators in New Mexico?The purpose of the New Mexico Mortgage Loan Originator Licensing Act [58-21B-1 NMSA 1978] is to protect consumers seeking mortgage loans.
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