Mortgage Banker or Broker
Mortgage Loan Company and Loan Broker License
Physical In-State Office Required: No
Qualifying Individual: Yes, 2 years mortgage experience in the four years immediately proceeding the time of application. Must provide 2 years income tax returns; and 2 years W-2 and/or 1099 forms. Must complete all requirements to obtain a New Mexico Mortgage Loan Originator License.
Minimum Net Worth: $ None
Surety Bond: $50,000 to $150,000
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$500 – Surety Bond Fee
$1600– Company License Fee
