Mortgage brokers in Delaware are licensed and regulated by the state’s Office of the State Bank Commissioner.
While the Office regulates and licenses you as a broker, the filing of your license and $25,000 surety bond are completed through NMLS, the Nationwide Mortgage Licensing System. The site is also an excellent source for checklist requirements.
Our agency offers you the mortgage broker surety bond for both first time candidates and renewal licensees who for whatever reason wish to work with a different agency.
You are automatically approved for the $25,000 Delaware mortgage broker bond. There is no credit check inquiry. The premium is just $188 annually.
When you call us, we’ll just ask you your name, exactly as it should appear on your surety bond. And, we’ll ask you for contact information (address, email, and phone number).
After payment of the $188 premium, we’ll issue your surety bond along with a Power of Attorney form (POA) immediately. The completed bond (with our signature as Surety) will be sent to you by regular mail.
Upon receipt, you’ll file your bond along with the Power of Attorney form through NMLS.
The address of this bond’s obligee (i.e. a fancy sounding word which just means: the entity which requires you to obtain the surety bond) is:
Office of the State Bank Commissioner
1110 Forrest Avenue
Dover, DE 19904
You mortgage broker surety bond’s $188 premium renews annually on the anniversary of the bond’s issuance.
Our agency also offers you the option to prepay your bond’s premium up to 3 years. Prepayment of the premium saves you over annual renewals; of course, you also extend the period of time between renewals.
The premium prepayment options and savings are as follows:
The Delaware mortgage broker surety bond is a financial guarantee of your compliance with Chapter 21, Title 5, of the Delaware Code, as amended; and, any other related legislation.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide mortgage broker surety bonds, lender bonds, and other mortgage-related surety bonds nationwide, in all 50 states.
Our agency is also a provider of probate surety bonds, license and permit, and court bonds throughout our country.
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