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
Annual License Renewals 2015-2016
NMLS annual renewal for Individual, Company, and Branch licenses begins November 1, 2015 and ends December 31, 2015. A reinstatement period follows from January 1, 2016 through February 29, 2016. Submit your renewal request early to avoid any interruption in licensure.
- Please note that licensees are not authorized to conduct business after January 1, 2016 if a renewal request is not approved by December 31, 2015.
- All renewal requests received by December 15, 2015 will be reviewed by December 31, 2015.
- Licensees that fail to submit a renewal request by December 31, 2015 must apply for reinstatement by February 29, 2016 and pay all applicable licensing, reinstatement and late fees.
- New license requests approved between November 1, 2015 and December 31, 2015 are valid through the next renewal period.
Visit the NMLS Renewal Resources Page for key deadlines, renewal resources, continuing education requirements and assistance with preparing for and requesting renewals.
|2015-2016 Renewal Period
||November 1, 2015
||December 31, 2015|
||November 1, 2015
||December 15, 2015|
||January 1, 2016
||February 29, 2016|
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 § 184.108.40.206 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%.