Nebraska Mortgage Banker Bond |
AmeriPro Surety Bonds | 844-589-9732
Mortgage Bankers – Nebraska
Mortgage bankers in Nebraska are licensed and regulated by the state’s Department of Banking and Finance. The formal licensing or re-licensing process are handled by NMLS, the Nationwide Mortgage Licensing System. This process includes both your license and surety bond.
Our agency will electronically your mortgage banker surety bond to NMLS for you after its purchase. This bond may also be referred to a s Nebraska mortgage lender bond.
Qualifying; The Premium
Qualifying for the $100,000 Nebraska mortgage banker bond involves a short surety bond application, and a review by an underwriter which includes a credit score check. We can begin the application with you on the phone; however, the final application will require your signature before review.
To be approved through our agency requires good credit.
Turnaround times for a decision are typically a few hours after an application is submitted. If you are approved, the rate will be ¾ of 1%, or $750 in annual premium.
Once the premium is paid, the bond is issued on our end and immediately filed to NMLS on your behalf.
Premium Prepayment Options
At $750 premium, the Nebraska mortgage banker bond is issued for a standard one year term. Thereafter, the bond and the premium alike renew.
Our agency also provides you with the opportunity to prepay your premium for up to 3 years. Premium prepayment lengthens the time between renewals and offers you a savings over renewing annually.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $1350, a $150 savings;
- If prepaid for 3 years, the premium is $1950, a $300 savings.
Purpose of the Bond Requirement
The purpose of the mortgage banker bond is a financial guarantee that you will be in compliance with all laws and regulations involved in mortgage lending and banking in Nebraska.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit surety bonds throughout Nebraska.
Our agency also provides surety bonds nationwide.
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