Nevada Mortgage Licensing Requirements
License Type: Nevada Mortgage Company License
Physical Branch requirement
Yes, has to be a physical branch office in NV (not a home residence)
Qualifying Individual Required
Yes QI is required - NV branch manager must reside in NV and have 24 month minimum mortgage experience within the last 5 years. Contract Mortgage Processors and Wholesale lenders exempt from Brick and mortar required.
Minimum Company Net Worth
Positive (Cannot be Negative net worth)
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$50,000 - $75,000
Average Timeframe
60-90 Days