Nebraska mortgage licensing

Nebraska Mortgage License Requirements

License:  Nebraska Mortgage Banker License

Physical Office Required:  No
Qualifying Individual Required: No
Minimum Net Worth:  None
Financial Statements:  None
Surety Bond Amount:  $100,000
Company License Fee:  $500


 

Regulated by:

Department of Banking & Finance
Commerce Court, Ste. 400
1230 ‘O’ Street
Lincoln, NE 68508-1402
Phone: 402-471-2171
Fax: 402-471-3062

 

Click on a state below for specific licensing information

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How to Obtain a Nebraska Mortgage Banker License

To obtain a Nebraska Mortgage Banker License, you’ll need to complete the following requirements:

1.  the Nebraska Department of Banking and Finance (NDBF) regulates all Nebraska mortgage activities and licensing.

2. **Education**: Complete any required pre-licensing education courses. These courses often cover topics such as mortgage lending laws, ethics, and other relevant subjects. Make sure the courses you take are approved by the NDBF.

3. **Background Check**: Prepare for a background check. You’ll likely need to provide information about your personal and financial history.

4. **Surety Bond**: Obtain a surety bond as per the requirements set by the NDBF. The bond amount can vary, so check with the NDBF for the current requirements.

5. **Complete Application**: Fill out the Nebraska Mortgage Banker License application form completely and accurately. Be prepared to provide detailed information about your business, financial history, and any other requested documentation.

6. **Pay Fees**: Submit the required fees along with your application. These fees typically cover the cost of processing your application and conducting background checks.

7. **Submit Application**: Send your completed application, along with any supporting documents and fees, to the Nebraska Department of Banking and Finance.

8. **Examination**: Depending on the requirements, you may need to pass a written examination. Make sure to prepare adequately for the exam if it’s a part of the licensing process.

9. **Wait for Approval**: Once your application is submitted, it will undergo review by the NDBF. This process may take some time, so be patient.

10. **Maintain Compliance**: After obtaining your license, make sure to comply with all ongoing requirements set by the NDBF. This may include renewal fees, continuing education, and adherence to state regulations.

American Mortgage Licensing can handle the entire Nebraska mortgage license process for your company.  Let us handle the licensing so you can focus on the lending.