MI MLO company bonds.
From $100. Enter your amount.
Under the Michigan Mortgage Loan Originator Licensing Act, a sponsoring company can post one surety bond that covers its licensed originators instead of each MLO bonding individually. MCL 493.159 tiers the sponsor bond to prior-year loan volume — $50,000, $150,000, or $250,000. The premium 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 quote round-trip — enter your amount, pay, and the executed bond goes out the same day. Here is the whole thing:
Apply online
Your company details, the bond amount your volume tier requires, and an effective date — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 0.6% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
Sign & file the original
Your e-signed bond arrives by email the day you buy, and the wet-ink original follows by mail — sign it as principal, then file it with the Michigan Department of Insurance and Financial Services.
What it is and who needs it.
What the sponsor bond covers
Michigan licenses mortgage loan originators under the Mortgage Loan Originator Licensing Act, 2009 PA 75, and MCL 493.159 requires every licensed MLO to provide or be covered by a surety bond. When originators work as employees or exclusive agents of a sponsor, the sponsor can file one consolidated bond with the commissioner that covers all of them.
The sponsor bond is tiered to the aggregate Michigan loan volume of your covered originators in the preceding year: $50,000 under $12 million, $150,000 from $12 million to $24 million, and $250,000 at $24 million or more.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay continuously in place while your originators hold licenses; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
Submit the application with the bond amount your volume tier requires — the executed bond is generated the moment you pay, ready to sign and file.
Start the application →Common questions.
Other Michigan bonds.
MLO sponsor bond, issued today.
0.6% of the bond amount, $100 minimum, with your exact price at the application. Enter your tier and file the same day.