State Guides
What brokers and loan officers should know about closings and property rules in Nebraska, and how Hancock Processing works your files there.
Nebraska is a title state. Title and escrow companies typically handle the closing, and Nebraska Supreme Court rules let title companies prepare closing documents such as deeds and closing statements, so attorney involvement is not legally required.
No. Nebraska is not a community property state, and it abolished dower and curtesy in 1907. Nebraska law says a married person's homestead can't be mortgaged unless both spouses sign and acknowledge the instrument, and the Nebraska Supreme Court treats a homestead mortgage without both as void. A mortgage or deed of trust given at purchase to buy the home is the exception.
Yes. A Nebraska closing agent must have received good funds, such as wired funds or cashier's checks, that are available for disbursement at closing, apart from a small amount the law allows. The agent must also pay out closing funds only from a trust account at a federally insured institution, and a lender closing its own loan is outside the rule.
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Nebraska
All of them. We process every loan type we offer in Nebraska, including conventional, FHA, VA, USDA, jumbo, Non-QM and DSCR loans, from metro Omaha and Lincoln to Grand Island, Kearney and western Nebraska.
Yes. We process loans statewide in Nebraska and coordinate with the title company handling each closing.
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