Nebraska Mortgage Banker Branch License

CHECKLIST SECTIONS • General Information • License Fees • Requirements Completed in NMLS • Requirements/Documents Uploaded in NMLS • Requirements Submitted Outside of NMLS GENERAL INFORMATION Who is required to have this license? Any person that operates a branch office which conducts business with Nebraska residents. Each branch must obtain a separate license. A branch office is defined as any location at which the business of a mortgage banker is to be conducted, including (a) any offices physically located in Nebraska, (b) any offices that, while not physically located in this state, intend to transact business with Nebraska residents, and (c) any third-party or home-based locations that agents and representatives intend to use to transact business with Nebraska residents. This license should only be applied for by a company that also holds or is applying for a Nebraska Mortgage Banker license. Section 45-705 of the Nebraska Residential Mortgage Licensing Act. Activities Authorized Under This License This 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 • Mortgage loan modification Pre-Requisites for License Applications • The Branch Manager must hold a Nebraska MLO license. Nebraska does not issue paper licenses for this license type. Document Uploads Documents that must be uploaded to the Document Uploads section of the Branch Form (MU3) in NMLS are indicated in the checklist below. When uploading documents: • Follow the guidance in Document Upload Descriptions and Examples. • Only upload documents relevant to the branch application. • Only upload documents where there is a selectable document category. If inappropriate documents are uploaded that should not be, you will be contacted by your regulator and asked to remove them from NMLS. • Do not upload the same branch documents multiple times. Generally, unless the document is state-specific, if the document has already been uploaded for another state, a new upload is not required unless changes have been made. • If a document previously uploaded has been revised, delete the old document and replace it with the new document (history of the old document will remain in NMLS). • For state-specific documents (e.g., Surety Bonds), be sure to indicate the applicable state. Helpful Resources • Branch Form (MU3) Filing Quick Guide • Document Upload Descriptions and Examples • Payment Options Quick Guide • License Status Definitions Quick Guide Agency Contact Information Contact Nebraska Department of Banking and Finance licensing staff by phone at (402) 471-2171or send your questions via email to dob.mortgage@nebraska.gov for additional assistance. For Delivery of Documents: For Electronic Delivery dob.mortgage@nebraska.gov Include applicant name and NMLS # in the subject line.