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Education The New Mexico Mortgage Lenders Association has partnered with CampusMBA, the educational arm of the Mortgage Bankers Association, to offer a broad array of professional and educational products and services. Shop here for the professional development needs of both you and your company, while supporting us, your state association. CampusMBA delivers residential and commercial real estate finance training in all delivery modes, including classroom-based programs, print and web-based distance learning courses, audio programs and publications. CampusMBA’s online learning portal houses all web-based course curricula, print-based course assessments, individualized student transcripts, presentations from CampusMBA events, academic web resources, discussion boards, and much more.NMMLA will also offer throughout the year a variety of half day and full day seminars on current topics, such as fraud, HUD updates, sales techniques and other issues of interest. Guided Website Courses and Live Online Web Workshops Click on Products and Services, then click on Products by Format. Click on Guided Web-Based Courses such as VA Fundamentals or click on Live Online Workshops such as FHA Bi-Monthly Updates
New Mexico Regulations and Licensing Department
Upcoming 20 Hour NM SAFE Comprehensive #1316 Courses
Course Description: The Secure and Fair Enforcement (S.A.F.E.) for Mortgage Licensing Act of 2008 establishes minimum standards for pre-licensing mortgage education. In order to fulfill the pre-licensing education requirements; mortgage originators must complete thorough and meaningful training that will meet the 20 hour minimum requirement as well as prepare them for their licensing examination.
Instructor: Alan Fowler, Fowler Financial Education & Consulting, #1400294
Course Objects: Upon completion of this course, participants will be able to: -Identify critical aspects of the history of the mortgage industry as a basis for today's market -Define key terminology of the mortgage industry as applicable to today's market -Define the ethics of mortgage lending as it relates to laws, fraud, marketing and ethical behaviors -List the laws and their key attributes that impact mortgage lending such as RESPA,TIL SAFE Act, ECOA, etc -Recognize the purpose and procedures of loan processing -Identify closing procedures, including settlement, fees, title policies, funding and warehousing -List key characteristics of mortgage loan programs from the traditional Conventional products to Government, Reverse, Sub-prime and other non-traditional products, and the guidelines of each -Accurately Pre-Qualify a variety of borrowers and find suitable products for them -Outline "Best Practices" of loan origination -Identify key concepts of underwriting, the guidelines in place and the risk analysis involved -Identify issues surrounding Fair Lending -Recognize the secondary market's role and responsibilities -Recognize fraud, its different types and its many sources
Course Length: The course is designed to take 20 hours to complete and includes the State requirements
Dates for 2010:
July 14, 15, 16 In Albuquerque 7:30 - 4:30 (registration 7:15 a.m.) July 14th and 16th 12:30 - 4:30 p.m. July 15th
Items Needed: Prior to enrolling in any NMLS approved Pre-Licensure or continuing education course, you will need the following: - A NMLS account - Your Individual NMLS ID Please click on this link to obtain both of these at Nationwide Mortgage Licensing System
Cost: Member $375 Non-Member $500 Course Material Provided
Cancellation Policy: In the event that you must cancel your reservation, we require a 72 hours advance notice. - The full cost will be charged with less than 72 hours notice - Otherwise there will be $50 charge for cancellation
Contact: To sign up and for more information , please contact Beverly Gear at 505-821-2700
IMPORTANT LICENSING NOTICE FOR MORTGAGE LOAN ORIGINATORS - PLEASE READ CAREFULLY 4/27/10
We have been informed by the Conference of State Bank Supervisors (CSBS) and the Nationwide Mortgage Licensing System and Registry (NMLS) that the credit report functionality that is required for mortgage loan originator licensure will NOT be available until October 2010*. Since we have an effective date for licensure in New Mexico of July 31, 2010 for all mortgage loan originators, we needed to create an alternative to this functionality for the short term. The forms below will be used to satisfy your Credit Report authorization and Financial Responsibility requirement.
Please click on the following links to retrieve your forms and fill them out. You can mail, scan and email, or fax these forms and any supporting documentation to:
Jackie Dalmy, Licensing Specialist New Mexico Financial Institutions Division 2550 Cerrillos Road Third Floor Santa Fe, NM 87505 Phone: 505-476-4908 Fax: 505-476-4670
*Please note the New Mexico Financial Institutions Division will require you to resubmit authorization to obtain a credit report through the Nationwide Mortgage Licensing System and Registry (NMLS) once functionality becomes available.
NM Mortgage Loan Originator Signature Authorization Form
NM Mortgage Loan Originator Fiinancial Responsibility Disclosure
MEMBERS CLICK HERE FOR DISCOUNTED TICKET PURCHASE Non-Member Cost - $500 |
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