Application Fee
See agencyVerified by NM Board of Business
Mortgage Loan Originator Licensing in New Mexico
Review current requirements, exam details, renewal cycle, and salary outlook for mortgage loan originator in New Mexico, including See agency and board contact links.
Last verified: Feb 17, 2026
Current
Exam Requirement
Third-party exam requiredRenewal Cycle
See board renewal rulesLicensing Blueprint for Mortgage Loan Originator in New Mexico
Estimated timeline: Varies by boardCore Requirements
- 1
Education: Specific course required.
- 2
Experience: No experience required.
- 3
Background/Criminal Review: Background check required.
- 4
Physical Requirement: No physical requirements.
- 5
License Type: Stand-alone license.
Exam and processing details
- Third-party exam required
Continuing education and program notes
- Continuing education required to maintain license
Application Snapshot
- Licensing Authority
New Mexico Regulation & Licensing Department • Financial Institutions Division
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$72,690 median (2% below national)
- State Salary Rank
#27 of 50 states
Step-by-Step Process (7)
- 1. Meet New Mexico eligibility requirements for Mortgage Loan Originator licensure.
- 2. Complete required education or training: Specific course required.
- 3. Document required supervised experience: No experience required.
- 4. Pass required examination steps: Third-party exam required.
- 5. Prepare supporting documentation (background check: Background check required; Background/Criminal Review: Background check required.).
- 6. Submit the application to New Mexico Regulation & Licensing Department~Financial Institutions Division and monitor board communications.
- 7. Maintain post-licensure compliance (continuing education: Continuing education required to maintain license).
Salary Insights in New Mexico
With a median salary of $72,690, Mortgage Loan Originators in New Mexico earn 2% below the national median of $74,180. New Mexico ranks #27 among 50 states. The typical licensing timeline is Varies by board.
State Hiring Climate (QCEW)
SteadyQoQ Employment Change
+0.9%Average Weekly Wage
$1,189Median annual salary
$72,690Hourly estimate
$34.952% below national median
Difference: -$1,490
Percentile Distribution
Annual compensationMortgage Loan Originator Salary Ranking
#27 of 50 statesfor Mortgage Loan Originator median salary
| Rank | State | Median Salary |
|---|---|---|
| #1 | New York | $98,940 |
| #2 | New Jersey | $95,090 |
| #3 | Massachusetts | $93,430 |
| #4 | Vermont | $86,490 |
| #5 | Minnesota | $84,480 |
Nearby States Comparison
Mortgage Loan Originator licensing across the region| State | Median Salary | Education | Exam | Timeline |
|---|---|---|---|---|
| New Mexico | $72,690 | Specific course required | Third-party exam required | Varies by board |
| Colorado | $79,800 | Specific course required | Third-party exam required | 1 month |
| Oklahoma | $65,720 | Specific course required | State-approved exam | Varies by board |
| Texas | $63,770 | No educational requirements | No exam required | Varies by board |
| Arizona | $53,760 | Varies by state board | State-approved exam | Varies by board |
| Utah | $60,870 | Varies by state board | State-approved exam | Varies by board |
License by Endorsement
Transfer requirements are state-specific. Use this quick matrix as a planning signal, then verify final endorsement rules with each board.
| State | Reciprocity Score | Tier | Notes |
|---|---|---|---|
| New Mexico | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Colorado | 56 | Medium | State-specific exam conditions may apply. Documented experience may be required. |
| Oklahoma | 72 | Medium | Background check or criminal history review is indicated. |
| Texas | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Arizona | 78 | High | Board-specific review required. |
| Utah | 78 | High | Board-specific review required. |
- License status indicator: Active.
- Continuing education indicator: Continuing education required to maintain license.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
Official website verified
New Mexico Regulation & Licensing Department • Financial Institutions Division
2550 Cerrillos Road, Third Floor, P.O. Box 25101, Santa Fe, NM, 87505
Phone: 5054764885
Related Careers in New Mexico
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $77,070 | Specific course required | Varies by board |
| Audio and Video Technicians | $48,210 | Specific course required | Varies by board |
| Certified Public Accountant | $77,420 | Degree required | Varies by board |
| Civil Engineer | $104,600 | Degree required | Varies by board |
FAQ
How long does it take to become a Mortgage Loan Originator in New Mexico?
Most applicants finish the licensing path in about Varies by board, but timing can change based on education track, exam scheduling, and board processing.
What exams are required for Mortgage Loan Originators in New Mexico?
New Mexico lists Third-party exam required as part of the licensure process for Mortgage Loan Originators.
What education do you need to become a Mortgage Loan Originator in New Mexico?
The board typically expects Specific course required for Mortgage Loan Originator licensure in New Mexico.
What is the typical Mortgage Loan Originator salary in New Mexico?
The median annual salary for Mortgage Loan Originators in New Mexico is $72,690. Salaries range from $34,630 (10th percentile) to $133,250 (90th percentile).
How does the Mortgage Loan Originator salary in New Mexico compare to the national average?
Mortgage Loan Originators in New Mexico earn 2% below the national median of $74,180, with a state median of $72,690.
How many Mortgage Loan Originators work in New Mexico?
New Mexico employs approximately 970 Mortgage Loan Originators according to BLS data.
Can I transfer my Mortgage Loan Originator license to New Mexico from another state?
Transfer requirements vary by board. License status indicator: Active. Continuing education indicator: Continuing education required to maintain license. Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Who is the licensing agency for Mortgage Loan Originators in New Mexico?
The licensing agency is New Mexico Regulation & Licensing Department / Financial Institutions Division. Review agency details at https://www.rld.nm.gov/financial-institutions/.
How often do you renew a Mortgage Loan Originator license in New Mexico?
Current guidance indicates a renewal cycle of See board renewal rules.