1 (844) 589-9732 info@ameriprosuretybonds.com

New Hampshire Mortgage Banker & Servicer Bond

The $100,000 New Hampshire mortgage banker and servicer bond, upon approval, will have an annual premium of just $750. Please read about our services and then call AmeriPro Surety Bonds at 844-589-9732.

New Hampshire Mortgage Banker & Servicer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing and Regulation Bankers and Servicers

 

 

 

New Hampshire mortgage bankers and mortgage servicers are both regulated by the state’s Department of Banking.

Both professions are required to provide evidence of a $100,000 surety bond. And both categories also use the same bond form; in fact, the form is entitled Mortgage Banker and Mortgage Servicer Bond.

While the Department of Banking is the regulatory body for your profession, licensing is processed through NMLS, the Nationwide Mortgage Licensing System.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the $100,000 New Hampshire mortgage banker and servicer bond includes completion of a relatively short surety bond application — which we’ll begin with you over the phone — and the providing of an authorized signature and authorized witness.

A review by an underwriter is standard, which includes a professional Fed tax ID or personal credit inquiry.

Approval is predicated upon good credit, and the annual rate is ¾ of 1%, $750 annually.

Once your surety bond is approved, our agency issues it to you immediately. Your surety bond and the accompanying Power of Attorney form (POA) will be sent to you for filing.

Upon receipt, you’ll sign your bond as Principal, and then file it along with the POA to:

State of New Hampshire

Banking Department

53 Regional Drive, Suite 200

Concord, NH 03301

 

 

 

Premium Prepayment Options

 

 

 

The $750 premium associated with this surety bond renews annually on the anniversary of the date of issue.

The option also exists to prepay the mortgage banker and servicer bond for up to 3 years. Prepayment of your premium, besides lengthening the time between renewals, saves over renewing each year.

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 This Surety Requirement

 

 

 

Your surety bond serves as a financial guarantee of your dutiful compliance with New Hampshire Revised Statutes, 397-A, including any future amendments.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides mortgage broker, mortgage banker, and servicer surety bonds nationwide.  We are also a provider of license and permit surety bonds in all 50 states.

Please call AmeriPro Surety Bonds today at:

 

844-589-9732

 

Or, you may fill out the form below and an Surety Agent will contact you…

 

Apply Today!

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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