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Indiana Exempt Company Registration - Third Party Loan Processing Bond

Flat Rates & No Credit Check

Bond Amount Required Bond Term Annual Premium
$100,000 1 Year $600

Indiana permits qualifying exempt companies to register through NMLS to sponsor licensed mortgage loan originators who work solely as third-party loan processors or underwriters. As part of that registration structure, the company must maintain the required surety bond and comply with Indiana Department of Financial Institutions requirements.

Cost of the Indiana Exempt Company Registration - Third Party Loan Processing Bond

NNA Surety offers the $100,000 bond amount at a  $600 annual premium without a credit check. Complete this form to purchase it today.

Who Needs the Bond?

This bond applies to a qualifying person that does not engage as a creditor in first-lien mortgage transactions in Indiana but voluntarily registers with the Department to sponsor employees who are licensed mortgage loan originators and are engaged solely as third-party loan processors or underwriters. The registrant must assume responsibility for and reasonably supervise the activities of its sponsored MLOs and satisfy the applicable NMLS, reporting, financial-statement, examination, and surety-bond requirements.

How the Bond Works

Indiana's surety-bond requirements provide coverage for an exempt person that sponsors licensed mortgage loan originators. The bond is payable to the Indiana Department of Financial Institutions for the benefit of the state and Indiana residents receiving covered financial services, and payment is conditioned on covered noncompliance or violations of applicable mortgage-lending laws and regulations.

Principal: Indiana exempt company registrant / third-party loan processing company

Obligee: Indiana Department of Financial Institutions

Surety: Authorized surety meeting Indiana's statutory requirements

How to Get the Indiana Exempt Company Registration - Third Party Loan Processing Bond

  1. Confirm that the company qualifies for Indiana Exempt Company Registration for third-party loan processing/underwriting and will sponsor licensed MLOs under the applicable exemption.
  2. Complete the online bond application through the NNA/Propeller affiliate link.
  3. Purchase the required $100,000 bond and confirm the $600 annual product premium.
  4. Complete the Exempt Company Registration and required bond filing through NMLS.
  5. Maintain the bond while sponsoring covered MLOs and comply with Indiana's continuing bond requirements.

Review the Indiana DFI Consumer Credit Licensing page and Indiana statutory surety-bond requirements for current compliance requirements.

Get Your Indiana Third Party Loan Processing Bond

Start your Indiana Exempt Company Registration - Third Party Loan Processing Bond application online.

For assistance, call 855-215-2160.