New Jersey mortgage servicer bonds.
From $100.
Looking for the New Jersey correspondent lender bond?
New Jersey's Mortgage Servicers Licensing Act requires a licensed servicer to file a surety bond of $100,000 per office location, covering its main office and every branch office from which it services, plus a fidelity bond and errors and omissions coverage. The premium is 0.6% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a New Jersey mortgage servicer bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the servicer bond — enter your penal sum, pay, and upload the executed bond to NMLS. Here is the whole thing:
Apply online
Company details, the penal sum for your office count, and an effective date. No credit check up to $250,000.
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.
File it through NMLS
Your executed bond arrives by email, ready to submit with your New Jersey mortgage servicer license record. Wet-ink original mailed on request.
What it is and who needs it.
What the servicer bond covers
New Jersey began licensing non-bank mortgage servicers with the Mortgage Servicers Licensing Act, P.L.2019, c.65 (N.J.S.A. 17:16F-27 et seq.). Under N.J.S.A. 17:16F-34, a servicer applicant or licensee files a surety bond covering its main office and any branch office from which it acts as mortgage servicer, in a penal sum of $100,000 per office location, together with a fidelity bond and evidence of errors and omissions coverage.
The bond is in a form approved by the Attorney General and is conditioned on performing your written agreements and commitments with or for mortgagors and mortgagees, accounting for all funds received in your capacity as a mortgage servicer, and conducting the business consistent with the Act. A damaged mortgagor may proceed on the bond against the principal or the surety, and the Commissioner may proceed on it to collect civil penalties.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond runs concurrently with the license period for the main office, aggregate liability never exceeds the penal sum, and after any recovery the principal must file a new bond. We track your term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File it through NMLS. Your executed bond arrives by email, ready to submit with your New Jersey mortgage servicer license record. Wet-ink original mailed on request.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — company details, the penal sum, and an effective date.
Start the application →Common questions.
New Jersey mortgage license bonds.
We write 8 mortgage license bonds in New Jersey. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Residential Mortgage Broker Bond (Corporation) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| Residential Mortgage Broker Bond (Individual or Partnership) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| Correspondent Residential Mortgage Lender Bond | N.J.S.A. 17:11C-63 · DOBI correspondent lender checklist | Varies | From $100 |
| Correspondent Residential Mortgage Lender Bond (Corporation) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1, 3:15-3.2 and 3:15-3.6 · NJ Department of Banking and Insurance | Varies | Underwritten |
| Mortgage Servicer License Bond ($100,000 per office) (this page) | N.J.S.A. 17:16F-34 | Varies | From $100 |
| Residential Mortgage Lender Bond (Corporation) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| Residential Mortgage Lender Bond (Individual or Partnership) | N.J.S.A. 17:11C-63 · N.J.A.C. 3:15-3.1 | Varies | From $100 |
| RMLA Licensed Mortgage Servicer Registration Bond | N.J.S.A. 17:16F-29(b)(4) · N.J.S.A. 17:16F-34 | Varies | From $100 |
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
File your servicer bond today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.