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For assistance with mortgage licensing, contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
steven@imlicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
Nevada Mortgage Licensing
Mortgage Broker and Banker
Mortgage Broker License
Physical Office Required: Yes (Can be a residence, but must provide proof that lease or deed is in the name of the Qualified Employee)
In-State Officer/ Key Person: Yes (Must be Exclusive Employee)
Minimum Net Worth: $25,000 to $250,000
Surety Bond: $50,000 to $75,000 if loan volume over $20,000,000
State Initial Fee: $3,259
State Renewal Fee: $500
Branch Licensing: Yes
Loan Originator Licensing: No
Experience/Education: Nevada Resident with 2 years of experience
Comment: This license allows you to broker and banks loans in Nevada. Effective 7/1/2011, the Mortgage Broker License allows you to license offices inside and outside the state of Nevada. Prior to 7/1/2011, companies could only license offices inside the state of Nevada.
Mortgage Banker
Mortgage Banker License
Physical Office Required: Yes (Can be a residence, but must provide proof that lease or deed is in the name of the Qualified Employee)
In-State Officer/ Key Person: Yes (Must be Exclusive Employee)
Minimum Net Worth: $25,000 to $250,000
Surety Bond: $50,000 to $75,000 if loan volume over $20,000,000
State Initial Fee: $3,259
State Renewal Fee: $500
Branch Licensing: Yes
Loan Originator Licensing: No
Experience/Education: Nevada Resident with 2 years of experience
Comment: Mortgage Banker License only allows you to bank loans. To broker loans, you must also hold a Mortgage Broker License. Effective 7/1/2011, this license type is basically obsolete since the broker license now allows companies to license out-of-state branches.
Regulated by:
Department of Business and Industry
Mortgage Lending Division
400 W King Street, Suite 101
Carson City, Nevada 89703
Brianna Wade - bwade@mld.nv.gov - LO Apps
(775) 684-7060
Fax: (775) 684-7061
http://www.mld.nv.gov/