Skip Navigation

New York Mortgage Broker, Banker, Originator or Servicer Bond

New York Mortgage Broker, Banker, Originator or Servicer Bond

www.suretybondsdirect.com/surety-bond/mortgage-broker-lender-or-other-industry-bond/ny

Get Your Free Quote

Who Requires the Mortgage Broker, Banker, Originator or Servicer Bond and Why Is It Needed?

The Banking Law of the State of New York (Article 12-D) requires all registered mortgage brokers (“principals”) to furnish a $10,000 surety bond. Mortgage bankers must furnish a $50,000 bond and mortgage loan servicers must furnish a $250,000 bond.

Mortgage Loan Originators (MLOs) must speak to their sponsoring entity to determine whether the company will be submitting an Originating Entity Surety Bond on behalf of the MLO. MLOs who will not be covered by an Originating Entity surety bond must submit an Individual Mortgage Loan Originator surety bond. These bond amounts vary from $10,000 to $100,000 based on New York loan volume. Please confirm amount required with the state prior to requesting a quote.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your New York Mortgage Broker, Banker, Originator or Servicer Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




List of New York surety bonds.

Save Time Save Money

1 Form. 2 Minutes. Great Rates.

Surety Bonds Direct, LLC, Bonds Surety & Fidelity, Charleston, SC
SSL site seal - click to verify