Skip Navigation

What is a Mortgage License Bond or MLO Surety Bond?

Becoming a mortgage broker, lender, and/or servicer may require you to get a state mortgage license.

Many mortgage professionals obtain state licenses in multiple states to increase the number of people they can service. And if you're getting a state mortgage license, one of the steps is getting a mortgage license surety bond, often called a mortgage license bond and registering it with the NMLS.

This video will help you understand what a surety bond is, why it's required, and how to get a surety bond for your mortgage license.

In detail, you will learn:

  • 00:27 - Video agenda
  • 00:49 - Types of Mortgage Licenses
  • 00:51 - Mortgage Broker license
  • 01:02 - Mortgage Lender license
  • 01:12 - Mortgage Servicer license
  • 01:29 - What is a surety bond?
  • 02:00 - What does a mortgage bond protect against?
  • 02:28 - How much does a mortgage surety bond cost?
  • 02:49 - Finding your mortgage surety bond amount
  • 03:02 - Mortgage surety bond amount example 1
  • 03:21 - Mortgage surety bond amount example 2
  • 03:40 - Mortgage surety bond amount example 3
  • 04:15 - What happens after you purchase your surety bond?
  • 04:50 - Get a free quote and discover your mortgage bond pricing today

Mortgage Broker Bonds & the NMLS

Mortgage Broker Bonds & the NMLS

Find out about the NMLS filing process which most often utilizes e-filed bonds instead of traditional printed paper documents.

How to Become a Mortgage Broker

How to Become a Mortgage Broker

Becoming a mortgage broker can be a fun and highly fulfilling career.

What Is a Mortgage Broker?

What Is a Mortgage Broker?

What is a mortgage broker, and how do they help people get a mortgage for their homes?

Can't find what you need?

Let our bond experts help!

Get Started »
No obligation, takes 2 minutes

If you'd prefer, call us at 1-800-608-9950

Get a Free Quote For Your Bond »

Or Call a Bond Specialist

It's Fast, Free & No-Obligation

#1 Surety Company... Four Years In a Row


Investopedia Rated Surety Bonds Direct the Best Overall Surety Company for 2021, 2022, 2023, and 2024!