Nevada Mortgage Licensing

Mortgage Broker and Banker

Mortgage Company License

Physical In-State Office Required: Yes, must be a commercial location in NV. Wholesale Lenders are exempt from in-state office requirement.
Qualifying Individual: Yes, must be a Nevada resident and be licensed as a Nevada mortgage loan originator. Must be an exclusive employee. Wholesale Lenders are exempt from the Nevada resident requirement.
Minimum Net Worth: CPA Compiled – Positive Net Worth
Surety Bond: $50,000 to $75,000 if loan volume over $20,000,000
Comment: This license allows you to broker and bank 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.

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$175 – Foreign Entity Fee
$125 – Foreign Corp Initial List of Officers Fee
$200 – State Business License Fee
$125 – Registered Agent Fee
$500 – Surety Bond Fee
$2,848 – Company License Fee
$294 – Qualified Individual LO License Fee
$199 – 10 hour State-Specific Education Course for Qualified Individual LO License App

Mortgage Servicer

Mortgage Servicer License

Physical In-State Office Required: No
Qualifying Individual: Must have at least 2 years of verifiable experience in the business of servicing mortgage loans within the immediately preceding 5 years. (resume and copies of W-2s or 1099s)
Minimum Net Worth: $100k – Audited
Surety Bond: $100,000
Comment: Replaced Loan Servicer Registration in 2016

Regulated by:

Department of Business and Industry

Division of Mortgage Lending

1830 College Parkway, Suite 100
Carson City, NV 89706

Commissioner | James Westrin | 702-486-0782

Deputy Commissioner | Nancy Corbin | njcorbin@mld.nv.gov | 702-486-0782

CPA | Julie Jones | jmjones@mld.nv.gov | 702-486-0542

Phone: 775-684-7060
Fax: 775-684-7061

Nevada Mortgage Licensing