Mortgage lenders, brokers, and mortgage loan originators will find industry information and the necessary resources on this site to be compliant with regulations and statutes in the state of New Mexico. Use the tabs on the left to explore statutory and regulatory requirements, licensing information per the Nationwide Mortgage Licensing System and Registry (NMLS), and industry contacts. Check this page often for regulatory alerts, public notices, and important industry updates.
Homeowners, homebuyers and members of the general public can find useful mortgage loan information, answers to frequently asked questions, and complaint procedures on this site. A primary function of the Financial Institutions Division is consumer protection. This includes investigating complaints filed with the Division that involve a licensed firm or individual, as well as handling public inquiries about licensed firms or individuals.
Important Notices and Industry Updates
The New Mexico Financial Institutions Division Receives Certificate of Mortgage Accreditation
On June 24, 2015 the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced that the New Mexico Financial Institutions Division has received a certificate of accreditation for mortgage supervision. This accreditation demonstrates the Division's commitment to superior supervision of the residential mortgage industry in the state of New Mexico.
Conference of State Bank Supervisors (CSBS) Media Release
“Points and Fees” Exclusion for Upfront Premium on Private Mortgage Insurance
Pursuant to the New Mexico Home Loan Protection Act, NMSA 1978, Section 58-21A-3(M)(1)(d)(14), and § 126.96.36.199 NMAC, the “percentage rate” will be set biannually on the Financial Institutions Division’s website on the first business day in January and July.
The Home Loan Protection Act Points and Fees Threshold Exclusion for Upfront Private Mortgage Insurance: Effective July 1, 2015, the maximum percentage of upfront premium private mortgage insurance that is excluded from the Home Loan Protection Act Points and Fees threshold test is 3.3%.