State Guides

Nevada loan processing.

What brokers and loan officers should know about closings and property rules in Nevada, and how Hancock Processing works your files there.

Loan officer and borrower discussing loan processing in Nevada

Is Nevada a Title State or an Attorney State?

Nevada is a title state. Title and escrow companies typically handle the closing and hold the funds, and attorney involvement is not legally required.

Is Nevada a Community Property State for Mortgages?

Yes. Nevada is a community property state, and Nevada law allows no dower or curtesy. Neither spouse may encumber community real property unless both spouses sign and acknowledge the deed of trust, and a mortgage on a recorded homestead isn't valid unless both spouses sign it.

What Is Nevada's Good Funds Rule for Escrow?

Nevada title and escrow companies can't disburse from escrow until deposits covering the disbursements have been received. They can disburse on the same business day only if the money arrived as cash, an immediately available wire transfer, or a cashier's, certified or teller's check, so a borrower's funds to close should arrive as a wire or cashier's check.

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Nevada

Hancock Processing services in Nevada

What Loan Types Does Hancock Processing Handle in Nevada?

All of them. We process every loan type we offer in Nevada, including conventional, FHA, VA, USDA, jumbo, Non-QM and DSCR loans, from Las Vegas and Henderson to Reno-Sparks and Carson City.

Can Hancock Processing work files anywhere in Nevada, not just Las Vegas?

Yes. We process loans statewide in Nevada and coordinate with the title or escrow company handling each closing.

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