New Jersey Correspondent Residential Mortgage Lender Bond
Business entities that take, negotiate, originate, or acquire residential mortgage loans in the primary market must be licensed and bonded. This applies to lenders handling both first and second mortgages on New Jersey property.
Unlike standard mortgage lenders, correspondent lenders may not hold loans in their portfolio or service loans for more than 90 days.
Cost of a New Jersey Correspondent Residential Mortgage Lender Bond
| Aggregate Loan Volume in Preceding 12 Months | Bond Amount | Annual Premium |
| $0-$50,000,000 | $150,000 | $900 |
| $50,000,001-$75,000,000 | $200,000 | $1,200 |
| $75,000,001-$100,000,000 | $250,000 | $1,500 |
| Exceeds $100,000,001 | $300,000 | $1,800 |
Get Your NJ Correspondent Residential Mortgage Lender License Bond
Meet New Jersey’s correspondent residential mortgage lender requirements with NNA Surety. Complete this application with your information and payment details. Your surety bond will be issued instantly upon submitting—ready for you to file with the NMLS. Call us at 855-737-0193 or email us to learn more.
The Simple Bonding Process
View your price or request a free quote
Discover unbeatable value with coverage options tailored to your needs.
Sign your contract and pay the premium
Seal the deal and ensure protection and peace of mind for your business.
Receive your surety or fidelity bond
Expect a speedy turnaround. Our typical turnaround time is 24 hours or less.
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