OR mortgage lender bonds.
From $100. Enter your amount.
ORS 86A.227 requires a person that employs a mortgage loan originator to file a corporate surety bond with the Director of the Department of Consumer and Business Services — running to the State of Oregon and covering every originator on the licence. The Division sizes it by your Oregon loan volume, from $50,000 to $200,000. The premium is 0.6% of the bond amount, $100 minimum, shown before you pay, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
Trusted by industry leaders
Three steps. One sitting.
No underwriting queue for a standard mortgage lender bond — enter your tier amount, pay, and upload through NMLS. Here is the whole thing:
Apply online
Company details, the bond amount your volume tier calls for, 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
Your exact premium is on the page before you pay, so the bond issues the moment you pay — the executed bond and power of attorney generate on the spot.
File through NMLS
Your executed bond arrives by email and the carrier posts it as your electronic surety bond in NMLS, ready for the Division of Financial Regulation. Wet-ink original mailed on request.
What it is and who needs it.
What the mortgage lender bond covers
Oregon licenses mortgage bankers and mortgage brokers under ORS chapter 86A, administered by the Division of Financial Regulation. ORS 86A.227 requires a person that employs a mortgage loan originator to file a corporate surety bond with the Director of the Department of Consumer and Business Services — one that runs to the State of Oregon and covers each mortgage loan originator the person employs.
The statute leaves the amount to rule, tying it to the dollar amount of loans you originate. OAR 441-860-0085 sets the ladder: $50,000 for a company new to Oregon lending or under $10 million in the prior year, $75,000 from $10 million, $100,000 from $25 million, $150,000 from $50 million, and $200,000 at $100 million or more, counted from direct and third-party loans reported closed and funded.
A right of action against the bond exists to the same extent as against a mortgage loan originator's own licence obligations under ORS 86A.151. It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to be renewed or replaced each calendar year and stay on file at the amount your volume calls for; 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, the bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Oregon bonds.
Mortgage lender bond, filed today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.