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Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of New Mexico or anyone looking to become a mortgage broker in New Mexico. The Financial Institutions Division of the New Mexico Regulation & Licensing Department, administers the laws and regulations pertaining to Mortgage Brokers working within the state under the ?Mortgage Loan Company and Loan Broker Act.? A Mortgage Broker (Loan Broker) is any person who acts as a finder or agent of either a lender or a borrower in order to procure a mortgage loan. The license covers both first and subordinate mortgages. Even acting as a Mortgage Broker for one loan requires a license. A person or company also needs to be licensed in New Mexico if they transact business over the internet...