AZ mortgage banker bonds.
0.6% of the bond amount.
Arizona licenses mortgage bankers through the Department of Insurance and Financial Institutions, and A.R.S. § 6-943 requires a bond on deposit before you do business — computed on your total assets plus the unpaid balance of loans you service for others, running from $25,000 at the base of the schedule to a $100,000 cap. Ours is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
No underwriting queue for the standard mortgage banker bond — enter your amount, pay, and file with DIFI. Here is the whole thing:
Apply online
Your business details, NMLS number, the bond amount your schedule requires, and the effective date — that is the entire application. If a credit check runs, it is a soft pull only — it never affects your score.
Issued the moment you pay
This bond is checkout-priced — the premium is 0.6% of the bond amount you enter, $100 minimum, and the executed bond is generated when you pay.
File with DIFI
Your executed bond and power of attorney arrive by email, ready to submit with your mortgage banker license application or renewal through NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the mortgage banker bond guarantees
Arizona regulates mortgage bankers under Title 6, Chapter 9, and A.R.S. § 6-943 requires every licensee to deposit a bond before doing business. The bond is conditioned on the licensee's faithful compliance with the licensing article — including its directors, officers, members, partners, trustees, and employees.
It's a three-party arrangement: your company (the principal), the surety carrier, and the state (the obligee). The bond is payable to any person injured by the wrongful act, default, fraud, or misrepresentation of the licensee, and to the state for the benefit of the injured person. If the surety pays a claim, your company repays the surety.
The amount follows a statutory schedule computed on your total assets plus the unpaid balance of loans you have contracted to service for others as of fiscal year end — starting at $25,000 on the first $500,000 and stepping up until it caps at $100,000 above $100,000,000. Cash and certain insured deposit alternatives are allowed, but a surety bond keeps that capital free. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
Enter the bond amount your schedule requires and the executed bond generates at checkout — 0.6% of the bond amount, $100 minimum. Any credit check is a soft pull only, never a hard inquiry.
Start the application →Common questions.
Other Arizona bonds.
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0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.