MN residential mortgage originator bonds.
0.6% of the bond amount.
Minnesota licenses residential mortgage originators through the Department of Commerce in NMLS, and Minn. Stat. § 58.08, subd. 1a requires each licensee to file a surety bond of $125,000, tiered up to $300,000 as annual origination volume grows. Ours is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft credit pull only — it never affects your score.
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Three steps. One sitting.
The originator bond is checkout-rated — enter your amount, pay, and post it to your NMLS record. Here is the whole process:
Apply online
Company details, your bond amount, an effective date, and a term. That is the entire application — 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 — checkout-priced, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
Post it to your NMLS record
Minnesota tracks this bond in NMLS for the Department of Commerce. Your executed bond arrives by email, ready to associate with your company record — wet-ink original mailed on request.
What it is and who needs it.
What the originator bond guarantees
Minnesota licenses residential mortgage originators under Minn. Stat. ch. 58, administered by the Department of Commerce through NMLS. Section 58.08, subd. 1a requires an applicant or licensee to submit a surety bond issued by an insurance company authorized to do business in Minnesota, and to keep it in force for as long as the license is active.
The penal sum is tiered to origination volume: $125,000 for up to $10 million in closed residential mortgage loans, $150,000 above $10 million, $200,000 above $25 million, and $300,000 above $100 million. Move up a tier and the bond must be increased to match before the next renewal.
The bond secures recovery of expenses, fines, and fees levied by the commissioner, and losses incurred by borrowers as a result of a licensee's noncompliance with Chapter 58. It is not insurance for you — if the surety pays a claim, you repay the surety and file a replacement bond. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — company details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Minnesota bonds.
Originator bond on your NMLS record today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Soft pull only. Free until issued.