New Mexico vs Washington for MLO Licensing
Total Fees
$341.25
NM
vs
$319
WA
Pre-Licensing
20 hrs
NM
vs
22 hrs
WA
Timeline
6-12 wks
NM
vs
4-8 wks
WA
Side-by-Side Comparison
| Category | New Mexico | Washington |
|---|---|---|
| Total Fees | $341.25 | $319 ✓ |
| Pre-Licensing Hours | 20 hrs ✓ | 22 hrs |
| Processing Time | 6-12 weeks | 4-8 weeks ✓ |
| Renewal Cycle | N/A | N/A |
| Renewal Fee | $150 | $125 ✓ |
| CE Hours | 8 hrs ✓ | 9 hrs |
| Reciprocity | None | None |
Key Differences
→
Cost
Washington is $22.25 cheaper for total licensing fees.
Winner: Washington
→
Education Hours
New Mexico requires only 20 pre-licensing hours.
Winner: New Mexico
→
Processing Speed
Washington processes applications in 4-8 weeks.
Winner: Washington
Category Winners
Lower Cost
Washington $319
vs New Mexico ($341.25)
Fewer Hours
New Mexico 20 hrs
vs Washington (22 hrs)
Faster Processing
Washington 4-8 wks
vs New Mexico (6-12 wks)
New Mexico
New Mexico Regulation and Licensing Department - Financial Institutions Division
Official Website →Compare More States
Compare New Mexico MLO License
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Compare Washington MLO License
WA vs AL WA vs AK WA vs AZ WA vs AR WA vs CA WA vs CO WA vs CT WA vs DE WA vs FL WA vs GA WA vs HI WA vs ID WA vs IL WA vs IN WA vs IA WA vs KS WA vs KY WA vs LA WA vs ME WA vs MD WA vs MA WA vs MI WA vs MN WA vs MS WA vs MO WA vs MT WA vs NE WA vs NV WA vs NH WA vs NJ WA vs NY WA vs NC WA vs ND WA vs OH WA vs OK WA vs OR WA vs PA WA vs RI WA vs SC WA vs SD WA vs TN WA vs TX WA vs UT WA vs VT WA vs VA WA vs WV WA vs WI WA vs WY