Through faith in Christ for remission of our sins and with the gift of the Holy Spirit, we are transformed into the image of God on this earth so that we might also be partakers of the divine nature and eternal life, thereby escaping the eternal punishment of the second death. (tacomachristiancounseling.com)
Mormons do believe in the atoning sacrifice of Jesus Christ as the only way to receive remission of sins. (religion.blogs.cnn.com)
Baptism, therefore, means remission of sins, reception of the Spirit, belonging to the Messiah, entry into the new people of God, the true circumcision, sharing in the blessings of the Kingdom, dying and rising with the Christ, rebirth to become a new creation and leading a resurrection existence morally blameless. (religion-online.org)