Washington mortgage broker bonds.
From $120.
Washington licenses mortgage brokers through the Department of Financial Institutions, and RCW 19.146.205 requires every applicant to file and maintain a surety bond running to the State. The amount runs $20,000 to $60,000 by annual loan origination volume. The premium is 0.6% of the bond amount, $120 at the $20,000 base tier.
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How much does a Washington mortgage broker bond cost?
0.6% of the bond amount, from $120 at the $20,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the mortgage broker bond — enter your amount, pay, and upload to NMLS. Here is the whole thing:
Apply online
Company details, years in business, the bond amount your tier requires, and an effective date. No credit check up to $60,000.
Pay & e-sign
Your exact price appears before you pay — 0.6% of the bond amount, $120 at the $20,000 base tier — and the executed bond and power of attorney generate the moment you pay.
File through NMLS
Your executed bond arrives by email, ready to upload to your NMLS record and satisfy the DFI Division of Consumer Services. Wet-ink original mailed on request.
What it is and who needs it.
What the mortgage broker bond guarantees
Washington licenses mortgage brokers under the Mortgage Broker Practices Act, chapter 19.146 RCW, administered by the Department of Financial Institutions, Division of Consumer Services, with applications filed through NMLS. RCW 19.146.205 requires each applicant to file and maintain a surety bond in an amount the director deems adequate to protect the public interest.
The bond runs to the state of Washington as obligee, and runs first to the benefit of the borrower and then to the state and any person who suffers loss. That ordering is the point of the bond: it stands behind the fee, disclosure, trust-account, and conduct rules that protect Washington borrowers from a broker who mishandles their loan.
The statute directs the director to set a range of bond amounts that vary by annual loan origination volume rather than one fixed figure — the tiers live in WAC 208-660-175. It is not insurance for you: if the surety pays a claim, you repay the surety. We track the 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 through NMLS. Your executed bond arrives by email, ready to upload to your NMLS record and satisfy the DFI Division of Consumer Services. 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 $60,000. 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, years in business, the bond amount, and an effective date.
Start the application →Common questions.
Other Washington bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your mortgage broker filing today.
0.6% of the bond amount — $120 at the $20,000 base tier, issued the moment you pay. Free until issued.