Mortgage lender bonds are required by the various states where the mortgage broker/lender is operating. The license is to assure that the broker/lender will abide by the laws & regulations of that state and protect consumers. Every state has their own regulations in regards to this industry; therefore each state has its own bond form.
Loan originators and mortgage brokers may need this license bond in order to operate under their state license.
Bond approval is based on credit and the premium is a percent of the bond amount. With good credit the premium is 1-3%. Non-standard credit can start at 9.5% or higher.
To get a free mortgage broker bond quote, complete our online application and submit. You can also download & complete the PDF application and email to firstname.lastname@example.org or fax to 949.361.9926. A quote should be emailed to you within 1-2 business days.
Other names for this surety bond: mortgage lender license bond, mortgage loan originator bond.
The purpose of a mortgage broker bond is to provide security for a broker/lender's license. South Coast Surety has a special in-house program for finance lenders and mortgage broker license bonds with rates starting at 0.75%.
Fill out the quick, secure application below to start the bond quote process. Our expert team will find the best rate for you and email you a free bond quote. We can get you approved, quoted and bonded quickly so you can save time and money! If you have questions, call us at 800-361-1720 or email email@example.com.
I have processed 2 defective title bonds through South Coast Surety and I am the type that gets worried for any little detail and want to make sure everything is done correctly the first time to prevent double work for myself and everybody. Knowing how I am both times I had to call customer service and they answered every little question I had in a very nice and gratifying way that made me feel I would not have any problems in which I did not. South Coast Surety has the ultimate best customer service.
Gaby - CA
I was shopping for a surety bond for the first time and having trouble communicating with several different companies. When I contacted South Coast Surety they responded quickly and performed the transaction quick and easy. I might have been able to find a lower price, but their professionalism was worth a couple extra dollars.
KG C. - CA
We are opening up a Mental Health Residential Treatment Center and needed a Surety bond since we will be handling some clients cash resources. I reached out to South Coast Surety, they sent me an application, paid our premium and had our bond sent to us immediately. Everyone I spoke to and emailed was courteous, attentive and responded very quickly. We will most definitely continue to get all of our bond services from South Coast.
John F. - CA
Great customer service from South Coast Surety. When I had questions about the bond and process, their customer service team assisted me with a sense of urgency and answered my questions. I recommend using their services. I will be a returning customer.
P&C B. - CA
I needed a surety bond and was referred by another company to south coast. I am very impressed with the level of customer service in every stage of issuing the bond, the rapid response to the get the bond issued and communication with the team. Great team and awesome service. I highly recommend South Coast Surety for you bond needs.
Mirwais A. - CA
I was in need of obtaining my CA Insurance Bond. I was able to obtain my required Bond quote online within minutes. I approved the quote and requested the Bond to be issued. On the same day, I received the Evidence of Coverage. Could not ask for better pricing or better service. I highly recommend South Coast Surety to meet a wide range of Bonding needs.
Udo G. - NJ
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.