Nebraska Mortgage Broker Banned from Business

Allison Tussey —  May 15, 2006 — Leave a comment

Jason J. Svoboda, Lincoln, Nebraska, was ordered by the Nebraska Department of Banking and Finance (NDBF) to Cease and Desist acting as a mortgage banker. The Order, dated April 21, 2006, states that Svoboda violated Nebraska law, which disallows individuals with felony convictions from being employed in the mortgage banking industry, by working as a mortgage banker after being convicted of felonies.

Svoboda has operated as a mortgage banker since February 2004 and has been affiliated with a Lincoln branch of Premier Mortgage Funding, Inc., with Omaha-based Advantage Mortgage Service, Inc., and with Kansas-based First National Mortgage Sources.

Svoboda has a 1994 conviction in the District Court of Platte County for possession of a controlled substance with intent to deliver and was sentenced to 30-48 months in prison. In 2003, he was also convicted in the District Court of Lancaster County of a Class III felony for Theft by Deception and was sentenced to two to four years.

On April 20, 2006, Lincoln Police arrested Svoboda in connection with alleged illegal activities while working as a mortgage banker.

NDBF requests that Nebraskans report any transactions they have had with Svoboda by calling Review Examiner Karen Reynolds in Lincoln at 471-2171 or via the Department’s toll free Consumer Hotline at (877) 471-3445.

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