The Nevada Division of Mortgage Lending (MLD) enforces the statutes and regulations that pertain to Mortgage Brokers.  Offices are located in Las Vegas and Carson City.  Anyone who conducts the business of a Mortgage Broker must maintain at least one office within the state.

Licensed Mortgage Brokers may hold a Mortgage Banker's License, and a Licensed Mortgage Banker may hold a Mortgage Broker's License in Nevada.

Applicants for a Mortgage Broker in Nevada pay a non-refundable $1,500 application fee. A Surety Bond in the amount of $50,000 is required for the main office, and $25,000 for each additional office.  After the application has been approved, the new Mortgage Broker pays a $1,000 license fee.  For additional fees, click here.

Brokers are required to have at least 30 hours of pre-licensing education at an approved school prior to taking the exam at an approved school, and at least 15 of those hours must be live instruction   When renewing their license, Mortgage Brokers must complete at least 10 hours of approved continuing education courses during the year.  PSI Exams has been contracted with by the Division to administer the exams.

Items that need to accompany the application are a complete Personal History Record, a Personal Financial Questionnaire, Financial Statements (one dated within 3 months of the application plus the two prior years), a Child Support Statement, and two complete fingerprint cards. The Mortgage Licensing Division will conduct a background investigation on the applicant.

After becoming licensed as a Mortgage Broker in Nevada, the Mortgage Licensing Division must approve all proposed Internet web pages.

All internet-based mortgage brokers are required to be licensed in Nevada in order to transact business within the state. Only licensed Mortgage Brokers or Mortgage Bankers may accept application requests by Nevada residents when the applications are obtained via an Internet Site. Unlicensed companies actually conducting mortgage business in the state, or implying that they are able to conduct mortgage business through internet sites can be subject to fines not to exceed $10,000 per violation.

The Nevada Association of Mortgage Brokers (NVAMB) is an affiliate of the National Association of Mortgage Brokers (NAMB). The organizations are dedicated to improving the business of real estate finance and are an excellent resource for those who desire to become a Mortgage Broker in Nevada.

Nevada Mortgage Forms	Nevada Reciprocity States
Most mortgage forms can be obtained online. Ones listed below pertain to new salespersons and brokers. Loan officer (Agent) application Broker Application Approved Education Schools Fee Schedule Candidate Information Bulletin	N/A (as of 2/23/2010)
Nevada Approved Mortgage Schools Prelicensing and Postlicensing Education
Community Colleges N/A	Private Schools Abacus Mortgage Training McKissock.com TheMortgageTrainingCenter.com Training Pro
Last Update:  2/22/2010 This list may not include all approved schools. Please visit the Division of Mortgage Lending website for the latest list of approved schools.