More About Henderson, NV - Find a Bank of America mortgage loan officer

Lastly, we did not need to pay Kris anything straight. Reference originated from the lender as a percentage of the loan amount which is factored into the intial loan rate. We secured a rate of 3. 25% for 15 years. We are really pleased with the speed and performance of Watchtower Mortgage, and the low loan rate he got for us.

NEVADA The Nevada Department of Mortgage Lending will start accepting electronic surety bonds for the new state Home loan Company License through the Nationwide Multistate Licensing System (NMLS) beginning Jan. 1, 2020. Anybody planning to renew their Nevada license as a mortgage broker and/or mortgage banker, needs one renewal as a home mortgage company, according to the division.

The renewal season for these licensees began Nov. 1. The old surety bond requirements for mortgage broker and home mortgage lender licenses were similar. These requirements will remain the very same under the home mortgage business license, according to the amendments. Each home loan company must get a business surety bond in the amount identified by the business's yearly loan production: $20,000,000 or less in volume = $50,000 More than $20,000,000 in volume = $75,000 NMLS also manages a number of other license types for Nevada.

Both license types have the same bonding requirements, which differ by annual mortgage servicing volume: Less than $50,000,000 in volume = $100,000 bond $50,000,000 however less than $500,000,000 in volume = $200,000 bond $500,000,000 or more in volume = $300,000 The Nevada Department of Home Mortgage Loaning can be gotten in touch with by phone at 702-486-0782 by e-mail at for further assistance relating to state particular licensing requirements.

You can call 800-901-3099 or send out an e-mail through the contact us page. We are here to answer your questions and help you totally comprehend surety bonds whether you choose to bond with us.