New Jersey Correspondent Residential Mortgage Lender Bond - Corporation
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $150,000 | 1 Year | $900 |
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.
Businesses operating as correspondent residential mortgage lenders in New Jersey must meet state licensing and bonding requirements. Required by the State of New Jersey, the New Jersey correspondent residential mortgage lender bond helps ensure compliance with state residential mortgage lending requirements and provides financial protection for covered violations.
Cost of the New Jersey Correspondent Residential Mortgage Lender Bond
The cost of the $150,000 New Jersey correspondent residential mortgage lender bond is $900 per bond term with NNA Surety. Secure this surety bond today.
How the New Jersey Correspondent Residential Mortgage Lender Bond Works
The New Jersey correspondent residential mortgage lender bond protects consumers by holding licensed correspondent residential mortgage lenders financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Correspondent residential mortgage lender
- Obligee: State of New Jersey
- Surety: Bonding company
A claim against the bond may be filed for covered violations of New Jersey residential mortgage lending requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the New Jersey Correspondent Residential Mortgage Lender Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $900 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your New Jersey correspondent residential mortgage lender license.
Learn more about your New Jersey surety bond options across the state.
Get Your New Jersey Correspondent Residential Mortgage Lender Bond
Keep your New Jersey licensing requirements on track by securing your correspondent residential mortgage lender bond today. Complete this form or call 855-457-2196 to get bonded.