Oregon Mortgage Servicer Bond
Flat Rates & No Credit Check
| Unpaid Principal Balance | Bond Amount Required | Bond Term | Annual Premium |
| $0-$9,999,999 | $50,000 | 1 Year | $300 |
| $10,000,000-$24,999,999 | $75,000 | 1 Year | $450 |
| $25,000,000-$49,999,999 | $100,000 | 1 Year | $600 |
| $50,000,000-$99,999,999 | $150,000 | 1 Year | $900 |
| Exceeds $100,000,000 | $200,000 | 1 Year | $1,200 |
New license applicants must file an electronic surety bond of $50,000 via the NMLS. Renewals are based on total unpaid principal balance (UPB) of residential mortgage loans serviced in Oregon as of the most recently completed quarter per the table above.
Cost of the Oregon Mortgage Servicer Bond
The cost of the $50,000 to $200,000 Oregon mortgage servicer bond is $300 to $1,200 per bond term with NNA Surety. Secure this surety bond today.
The NNA has secured premiums of $6 per $1,000 in liability for all Oregon mortgage servicers to obtain this bond without a credit check.
How the Oregon Mortgage Servicer Bond Works
The Oregon mortgage servicer bond protects consumers by holding licensed mortgage servicers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage servicer
- Obligee: State of Oregon
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Oregon mortgage servicing requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Oregon Mortgage Servicer Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $300 to $1,200 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Oregon mortgage servicer license.
Learn more about your Oregon surety bond options across the state.
Get Your Oregon Mortgage Servicer Bond
Keep your Oregon licensing requirements on track by securing your mortgage servicer bond today. Complete this form or call 855-457-2196 to get bonded.