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Ohio Mortgage Broker, Lender, or Loan Originator Bond

Ohio Mortgage Broker, Lender, or Loan Originator Bond

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Who Requires the Mortgage Broker, Lender, or Loan Originator Bond and Why Is It Needed?

Mortgage Broker, Lender and Loan Originator Bonds are surety bonds required in Ohio as part of the licensing process for mortgage professionals, servicers, and agencies.

The bond must be in an amount equating to 0.5% of loan origination volume for the preceding calender year. The minimum amount for broker and lender bonds is $50,000 and the maximum amount is $150,000. Originator bonds range from $50,000 to $100,000. An additional amount of $10,000 is required for each additional location.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Ohio Mortgage Broker, Lender, or Loan Originator 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.




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