State Guides

New Mexico loan processing.

What brokers and loan officers should know about closings and property rules in New Mexico, and how Hancock Processing works your files there.

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Loan officer and borrower discussing loan processing in New Mexico

Is New Mexico a Title State or an Attorney State?

New Mexico is a title state. Licensed title insurance agents customarily handle the closing, and attorney involvement is not legally required.

Is New Mexico a Community Property State for Mortgages?

Yes. New Mexico is a community property state, and dower and curtesy have been abolished since 1907. Except for purchase-money mortgages, both spouses must join in any mortgage of community real property, and a mortgage signed by one spouse alone is void. A refinance doesn't count as a purchase-money mortgage, so both spouses sign the refinance mortgage.

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New Mexico

Hancock Processing services in New Mexico

What Loan Types Does Hancock Processing Handle in New Mexico?

All of them. We process every loan type we offer in New Mexico, including conventional, FHA, VA, USDA, jumbo, Non-QM and DSCR loans, from Albuquerque and Rio Rancho to Santa Fe and Las Cruces.

Can Hancock Processing work files anywhere in New Mexico, not just Albuquerque?

Yes. We process loans statewide in New Mexico and coordinate with the title company handling each closing.

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