1 (844) 589-9732

New York Mortgage Broker Bond

The $10,000 New York mortgage broker bond is a low cost bond. For most, the annual premium is just $100. AmeriPro Surety Bonds can accept your application over the phone and get you bonded today: 844-589-9732.

New York Mortgage Broker Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

New York Mortgage Brokers

 

 

 

One of the things to know about licensing for New York mortgage brokers is that the $10,000 surety bond requirement is not required until after the application has been approved.

Once approved, the surety bond, however, is required before the mortgage broker license is issued.

In New York, mortgage brokers are regulated by the state’s Department of Financial Services .

The Department serves as the obligee for this surety bond.  AmeriPro Surety Bonds offers the New York mortgage broker bond for you both as a first time and renewal bond.

 

 

 

Purpose of the New York Mortgage Broker Bond

 

 

 

The $10,000 NY mortgage broker surety bond is a financial guarantee that a registered mortgage broker will abide by all rules and statutes governing their profession.

More specifically, the mortgage broker bond is a financial guarantee which protects others — your customers — from acts of fraud, theft, willful and criminal misconduct and malfeasance on the part of a mortgage broker in the performance of their duties as a licensee.

The existence of this surety bond allows those who can demonstrate financial harm to be able to file against the surety bond to recoup monies lost, up to the total of $10,000 aggregate.

For the mortgage broker, however, the bond is not a liability insurance policy. The mortgage broker will be legally obligated to reimburse the surety in full for all costs involved in paying a claim.

 

 

 

Cost of the $10,000 New York Mortgage Broker Bond

 

 

 

The majority of applicants for the mortgage broker surety bond will pay about $100 annually for this $10,000 surety bond.

Our agency will accept your application, ideally over the phone with one of our agents. The bond can be issued to you within a few hours in the majority of cases.

Applying with AmeriPro Surety Bonds is easy and the application process for this bond takes only a few minutes. A credit check may be involved in the application process.

 

 

 

Becoming a New York Mortgage Broker; Fees

 

 

 

Licensing for New York mortgage brokers can be completed via NMLS, which is the online licensing system for mortgage brokers throughout the United States.

Besides and before the mortgage broker surety bond, fees involved for licensing include:

  • An investigation fee of $1,500;
  • A fingerprinting fee (for background checks) for $102.25;
  • Branch offices will have an additional $500 for each branch.

Details about applying for the NY mortgage broker’s license can be found directly on the Department’s website.

 

 

 

About AmeriPro Surety Bonds

 

 

 

If you’ve come this far in licensing, obtaining the New York mortgage broker bond is one of your final steps!

Our agency will see to it that your bond is issued in a timely manner for filing through NMLS.

AmeriPro Surety Bonds looks forward to seeing you get bonded!

 

 

 

Please call AmeriPro Surety Bonds today at: 844-589-9732

 

 

Email: info@ameriprosuretybonds.com

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.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)