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NJ Correspondent Residential Mortgage Lender Bond - Corporation

Bond Details

NJ Correspondent Residential Mortgage Lender Bond - Corporation – $150,000 bond – $900 per year

Overview

New Jersey correspondent residential mortgage lenders are obligated to secure a surety bond ranging from $100,000 to $300,000 as part of their licensing process, which is overseen by the New Jersey Department of Banking and Insurance.

This surety bond acts as a financial safeguard for consumers who engage with the services of the correspondent lender. The specific bond amount within the specified range is determined based on factors such as the lender's loan volume and financial stability. Lenders must maintain an active and valid bond throughout their licensing period.

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.
Have Questions? Call or Chat With Us Today