Nevada Mortgage Licensing
Nevada is one of the few states that requires an instate presence. If you are headquartered outside of the state you must obtain an in-state location that is commercially zoned and name a branch manager that must meet the same criteria as your QI at the cooperate office. NV calls the QI at cooperate and Branch Mangers Qualified Employees (QE), that meet specific NV requirements: be present at the licensed office location, hold a NV MLO License, proof of a full 2 years’ verified experience in the industry within the last 5 years. Bond amount depends on loan production $50,000 - $75,000. Application also requires NV local business license documentation.
| State | License Name | State Fee | Bond Premium Est. | SOS Fee | MLG Processing Fee | Total |
| Nevada | Nevada Mortgage Broker License (B&M) | $2,100 | $375.00 | $75 | Call for More Information | $2,550 |
| Nevada | Mortgage Servicer License | $2,600 | $750 | $75 | Call for More Information | $3,425 |
NV Mortgage Company License
- Operating Status: Broker/Lender
- Bond Amount: $50,000
- Net Worth: Positive
- Brick & Mortar: Yes
- Financial Type: Unaudited
NV Mortgage Servicer License
- Operating Status: Servicer
- Bond Amount: $100,000 - $300,000
- Net Worth: $100,000
- Brick & Mortar: No if only Servicing
- Financial Type: Audited
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**Fees & terms are subject to change without notice.**