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 Surety 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 surety 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.
The premium that you pay for a Nebraska Mortgage Banker Surety Bond is dependent on credit and personal and business financial statements.
Contact our Surety Bond Specialists at:
Hours: 8:00-5:00 CST, Monday through Friday