Who needs this bond
Independent MLOs not covered by a sponsoring company's bond. Required in a subset of states; check state-by-state requirements before filing.
Typical amount and term
Bond amount commonly 25,000 to 75,000 dollars. Premium typically 100 to 500 dollars per year per state.
What you will need
- MLO NMLS Unique Identifier
- State of license
- Personal credit authorization
How to apply
- Submit MLO NMLS ID and state
- Receive an instant quote in most states
- ESB signed in NMLS by the surety