New Mexico Mortgage School
Cost Effective. Convenient. Complete
As your partner in Mortgage Education in New Mexico, Praedo is approved by NMLS to provide online MLO pre-licensing education and continuing education courses. Praedo also offers online exam prep courses. Praedo provides all of the online MLO courses you’ll ever need for your career in the mortgage industry. Use the Mortgage Course Finder to find the class that’s right for you, or explore to learn more.
- Federal law and the New Mexico Financial Institutions Division require new MLOs, (or MLOs in an unapproved status), to complete the 20 hour Mortgage Loan Originator SAFE
Comprehensive Course pre-licensure education.
- This education includes 3 hours of Federal law, 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 3 hours of New Mexico-specific education, plus 9 hours of undefined education (electives).
Every licensed MLO (in any approved status) is required to complete a total of 8 NMLS-approved continuing education (CE) hours annually. This includes 3 hours of Federal law, 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), and 2 hours of non-traditional mortgage lending, plus one hour of New Mexico-specific education (referred to as an elective). MLOs who have completed pre-licensure education (PE) course requirements in the same year in which the license was approved are not required to complete CE.