If you are a Mortgage Banker in Nebraska you are required to apply for registration / licensing through the National Mortgage Licensing System (NMLS) and file a Nebraska Mortgage Banker Bond as a condition of licensure. This includes those that provide services for the following mortgage activities: first mortgage brokering, second mortgage brokering, first mortgage lending, second mortgage lending, first mortgage servicing, third party first mortgage servicing, subordinate lien mortgage servicing, mortgage loan purchasing, short sale, mortgage loan modification, home equity lending or lines of credit, high cost home loans, reverse mortgages, manufactured housing financing, third party loan processing, third party subordinate lien mortgage servicing master servicing, third party mortgage loan underwriting.
The license requirements are as follows:
Complete the application found on the National Mortgage Licensing System (NMLS).
If applicant answers yes to any of the disclosure statements, provide an explanation for each.
Applicants will need to include: an organizational chart and a management chart.
If applicable, provide a copy of formation documentation for partnerships, corporations, limited liability companies, not-for-profit corporation or trust.
Obtain a $100,000 surety bond. The bond will need to be mailed to the Nebraska Department of Banking and Finance.
Provide a Certificate of Authority or Good Standing Certificate.
Complete and submit directly to the Nebraska Department of Banking and Finance -Resident or Registered Agent Appointment and the Citizenship Attestation.
Premium for a Nebraska Mortgage Banker Registration bond is based on credit and personal and business financial statements.
We have been underwriting surety bonds for over 35 years, and we offer bonds for individuals and businesses of every size.
Our team of experienced surety specialists and in-house underwriting authority gives us a unique advantage over other surety companies. We are able to offer competitive, low rates, quick approvals and immediate bond delivery. In most cases we can approve your application today and deliver your bond tomorrow.
Hours: 8:00-5:00 CST, Monday through Friday