In 1989, the Nebraska Department of Banking and Finance was given the authority to regulate mortgage lenders and brokers in the State of Nebraska pursuant to the Mortgage Bankers Registration and Licensing Act.

All activities conducted by mortgage lenders and/or brokers is termed "mortgage banking" in the State of Nebraska and an individual and/or business carrying out mortgage banking activities is referred to as a "mortgage banker". A mortgage banker includes any person or business that, for compensation or gain or in the expectation of compensation or gain, directly or indirectly makes, originates, services, negotiates, acquires, sells, arranges for, or offers to make, originate, service, negotiate, acquire, sell, or arrange a mortgage loan in a calendar year. These persons and/or businesses must be licensed or registered with the Nebraska Department of Banking & Finance.