Nebraska Mortgage Banker Bond
This bond is required for any company involved in making, originating, servicing, or otherwise handling residential mortgage loans for compensation. See the table below to determine the required bond amount.
| Aggregrate Loan Volume Preceding 12 Months | Bond Amount | Annual Premium |
| $0-$5,000,000 | $100,000 | $600 |
| $5,000,001-$10,000,000 | $125,000 | $750 |
| $10,000,001-$25,000,000 | $150,000 | $900 |
| Exceeds $25,000,001 | $200,000 | $1,200 |
Overview
In Nebraska, mortgage bankers are required to secure a surety bond as part of their licensing process overseen by the Nebraska Department of Banking and Finance. The bond liability amount required varies between $100,000 and $200,000 based on the dollar amount of closed residential mortgage loans from the previous calendar year. The bond requirement ensures that mortgage bankers operate in compliance with state regulations and laws governing mortgage banking activities.
No credit check or financials needed up to $1M in aggregate bonds. Your bond premium (your cost) is $6 per $1,000 of the bond amount.