How Much Does a Mortgage Banker Bond Cost in Nebraska?
$100,000 Bond
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Getting Your Nebraska Business License or Registration
In Nebraska, a license is required for any company that for compensation or gain or in the expectation of compensation or gain, directly or indirectly makes, originates, services, negotiates, acquires, sells, arranges for, or offers to make, originate, service, negotiate, acquire, sell, or arrange for a residential mortgage loan.
The Nebraska mortgage banker license authorizes the following 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, Third party subordinate lien mortgage servicing master servicing, Mortgage loan purchasing, Short sale, Home equity lending/lines of credit, Reverse mortgage activities, High cost home loans, Third party mortgage loan processing, Third party mortgage loan underwriting, Manufactured housing financing, Lead generation, and Mortgage loan modification.