While neighboring California's audits of mortgage brokers, especially, can be quite perfunctory, Nevada has devoted substantial time refining its examination process. The examiner's requests do not normally provide a great deal of advance notice. Nevada does not hesitate to censure or issue a cease and desist for non-compliance.
THE BIGGEST MISTAKE we see
Many brokers and lenders simply send in ALL their policies and procedures. This means the regulator goes through every single policy to find the ones they requested, relevant processes, or policies.
Document Stack for Nevada Exams
Nevada requirements include:
Training Policy
Quality Control
AML/BSA
ID Theft/IT Security
SAFE Act
