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Mortgage licensing / Nevada

Nevada Supplemental Mortgage Servicer License

company licence · NMLS NVSUPPSERVICER_C · MLD

Legal Description: A Nevada Supplemental Mortgage Servicer License is a regulatory license issued by the Nevada Division of Mortgage Lending to individuals or entities that: • Hold an active Nevada Mortgage Company License under NRS 645B (referred to as a qualifying license), and • Service mortgage loans that they did not originate or arrange under that qualifying license.

Requirements (11)

  1. Step 1

    FBI Criminal Background Check: New Qualified Employees are required to authorize an FBI criminal background check (CBC) through NMLS. Individuals previously vetted through the Mortgage Company license are not required to submit to new investigations.

    Submitted via: NMLS

  2. Step 2

    Credit Report: New Qualified Employees are required to authorize a credit report through NMLS. Individuals will be required to complete an Identity Verification Process (IDV) along with an individual attestation before a license request for your company can be filed through NMLS. Individuals previously vetted through the Mortgage Company license are not required to submit to new investigations.

    Submitted via: NMLS

  3. Step 3

    Other Trade Name: If operating under a name that is different from the applicant’s legal name, that name (“Trade Name”, “Assumed Name” or “DBA”) must be listed under the Other Trade Names section of the Company Form (MU1). A licensee may have one assumed or fictitious name per license. If a licensee wants to conduct business using additional assumed or fictitious names, a separate license (Supplemental Mortgage Servicer License-Other Trade Name #) must be applied for and obtained under each additional assumed or fictitious name.

    Submitted via: NMLS - Upload under Document Type Trade Name/Assumed Name Registration Certificates in the Document Uploads section of the Company Form (MU1). This document should be named Nevada Mortgage Servicer Trade Name / Assumed Name.

  4. Step 4

    Non-Primary Contact Employees: The Nevada Division of Mortgage Lending requires that an individual(s) be identified as a Non-Primary Contact for the following areas. These contacts must be listed in the Contact Employees section of the Company Form (MU1). • Licensing • MCR • Exam Delivery • Pre-Exam Contact

    Submitted via: NMLS

  5. Step 5

    Bank Account: The following bank account information must be completed in the Bank Account section of the Company Form (MU1). • Provide information for the Applicant’s escrow/trust account(s) with an FDIC-insured institution through which borrower payments are processed.

    Submitted via: NMLS

  6. Step 6

    Electronic Surety Bond: Electronic Surety Bond via NMLS in the amount described below furnished and submitted by a surety company authorized to conduct business in Nevada. Surety Bond Requirements Table Annual Mortgage Servicing Volume Bond Amount Less than $50,000,000 $100,000 $50,000,000 but less than $500,000,000 $200,000 $500,000,000 or more $300,000 Refer to the Electronic Surety Bonds section found in “Resources & Support” under “Company Quick Guides” on the NMLS Resource Center Note: Surety bonds submitted via the Document Uploads section will not satisfy this requirement.

    Submitted via: NMLS

  7. Step 7

    Business Plan: Upload a business plan outlining the following information: • Marketing strategies • Products • Target markets • Fee schedule • Operating structure that the applicant intends to employ. • Description of Servicing Business • Include a complete description of the applicant’s servicing business, stating whether it will service its own loans and/or loans on behalf of others; the computer software used for tracking client accounts; a copy of applicant’s servicing policy and procedures, including quality control procedures; the person or firm responsible for quality control and the experience in quality control; sample “hello” and “goodbye” letters; the name and contact information of the person who will be responsible for the Nevada portfolio of loans detailing knowledge and experience. Note: If the existing uploaded business plan already includes the above information, an additional document does not need to be uploaded. A company should only upload a single business plan. If state-specific material is required, this information should be added to the existing uploaded business plan.

    Submitted via: NMLS - Upload under the Document Type Business Plan in the Document Uploads section of the Company Form (MU1). This document should be named [Company Legal Name] Business Plan.

  8. Step 8

    Qualifying Individual Resume/W-2s: Upload a resume and copies of W-2s or 1099s demonstrating the required experience of each Qualified Employee designated for an office location.

    Submitted via: NMLS – Upload to the “Additional Requirements” section

  9. Step 9

    Designation of Qualified Employee Form: Upload the Designation of QE form directly to the address above. Click here to download form.

    Submitted via: NMLS – Upload to the “Additional Requirements” section

  10. Step 10

    Branch Locations: Submit a list of branch locations that will conduct mortgage servicing activity related to mortgage loans secured by real property located in Nevada. The list should include the street address of the branch, and the name, phone number, fax number, and email for the branch manager/qualified employee responsible for the mortgage servicing activity of the branch. Note: Each branch manager must submit a separate Qualified Employee Designation form with required attachments and meet the requirements of a Qualified Employee. All Qualified Employees must be listed in the Qualifying Individuals section of the MU1 form.

    Submitted via: NMLS – Upload to the “Additional Requirements” section

  11. Step 11

    Qualifying Individual: When completing the Qualifying Individual section of the Company Form (MU1), list the designated Qualified Employee (QE) for each location. The identified Qualifying Individual(s) must • have at least 24 months of verifiable experience in the business of servicing mortgage loans within the immediately preceding 5 years; • be designated by the licensee to act on their behalf and to supervise and control the conduct of business of the licensee at one location; • be employed and present at the location; and • have submitted to and successfully passed a background investigation. These individuals must be listed in the Qualifying Individual section of Company Form (MU1). Each registered branch must have a separate Qualified Employee who meets the requirements above.

    Submitted via: NMLS

General information

Who Is Required to Hold This License? In accordance with NAC 645F.952, a Supplemental Mortgage Servicer License is required for any person or entity that: • Is currently licensed as a mortgage company under NRS 645B (referred to as the "qualifying license"), and • Performs mortgage servicing activities on loans that the person or entity did not make or arrange under the qualifying license (i.e., services third-party mortgage loans). This includes any person or entity that: a) Directly services a mortgage loan secured by real property located in Nevada; b) Is responsible for daily borrower interactions or account management, including but not limited to: • Collecting and crediting periodic loan payments, • Managing escrow accounts, or • Enforcing the note or security instrument; c) Provides subservicing services by contract as an agent to a master servicer. Important: A person or entity that holds a mortgage company license under NRS 645B must obtain a Supplemental Mortgage Servicer License if it services loans not originated or arranged under that license. What if I Don’t Have a Mortgage Company License Under NRS 645B? If a person or entity engages in any of the above servicing activities but does not hold a qualifying license under NRS 645B, then a full Mortgage Servicer License (not a supplemental license) is required, unless an exemption applies under NRS Chapter 645F or NAC 645F.950. Authorized Activities Under This License A Nevada Supplemental Mortgage Servicer License authorizes the licensee to perform the following: • Servicing of first-lien mortgage loans • Third-party servicing of first-lien mortgage loans • Servicing of subordinate-lien mortgage loans • Third-party servicing of subordinate-lien mortgage loans Pre-Licensing Requirements Applicants must meet all eligibility criteria and submit the required documentation as outlined in the Nevada Supplemental Mortgage Servicer License Checklist. This includes completing the application through the Nationwide Multistate Licensing System (NMLS). Electronic Licensing: The Nevada Division of Mortgage Lending issues electronic licenses only for this license type. No physical license will be mailed. Agency-specific requirements must be uploaded within 5 business days of the electronic submission of your application through NMLS.

Other Nevada mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated October 27, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.

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