Commercial Surety Bonds

Nebraska Mortgage Broker Bonds

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Nebraska Mortgage Brokers are regulated by the Nebraska Department of Banking and Financing. Nebraska puts all of their mortgage professionals under one term which is Mortgage Banker. This includes Mortgage Brokers, Mortgage Bankers, Mortgage Lenders, and Mortgage Loan Originators.

Nebraska joined the national Mortgage Licensing System on January 1st, 2008 and is no longer accepting paper applications. They have a large Surety Bond requirement of $100,000 and the commissioner may ask for an even larger bond amount at their discretion. These bonds are fairly simple to get if the applicant can show decent credit and strong personal assets. Annual premiums are based on the credit of the company owner or owners.

Bad Credit Nebraska Mortgage Broker Bonds

Any applicant with less than perfect credit is encouraged to apply with JW Bond Consultants, Inc. We have a special program that is tailored to meet the needs of applicants that are considered higher risk.

Nebraska License Requirements

Age: 18

State Residency: None Required

Experience: None formally required, but must have resume

Education: None required

Continuing Education: None required

Net Worth: None required

Surety Bond: $100,000

Background Check: Criminal and credit

Nebraska State Licensing Fees

Initial Application: $400 + $100 NMLS Fee

Branch Location: $75

Renewal Application: $400

Branch Offices:

In State Requirements: Not recognized by the state

Licensure Requirements: None required

Branch Manager: Must be original Mortgage Banker

Exemptions:

Entities: Attorney, Financial institution, Bank, Insurance Company

Safe Harbor: None

*This Information for licensing is provided only as a quick reference, make sure you contact the state to verify all information prior to making your application.

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