1 (844) 589-9732

The Washington D.C. mortgage lender bond (and mortgage broker bond) are offered to you by AmeriPro Surety Bonds. Approval for any amount up to $50,000 is immediate. Please call AmeriPro Surety Bonds at 844-589-9732.

Washington D.C. Mortgage Lender Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Washington D.C. Mortgage Lenders

 

 

 

D.C. mortgage lenders, as with D.C. mortgage brokers, are licensed by the DCRA – Department of Consumer and Regulatory Affairs.

The filing of your license and surety bond are facilitated through NMLS, the Nationwide Mortgage Licensing System.

Our agency can electronically file your surety bond on your behalf, or we can send the bond to you for filing.

 

 

 

Qualifying and the Premium

 

 

 

The Washington D.C. mortgage lender bond amount is between $12,500 to $50,000. The surety bond amount required depends on the dollar volume of the loans you produce in Washington D.C.

We offer this bond for any amount required up to $50,000 without a credit check.

The breakdown for loan origination levels, surety bond amounts, and the corresponding annual premium are as follows:

  • $12,500 surety bond amount for loan volume of $1million dollars or less – $100 annual premium;
  • $17,500 surety bond amount for loan volume of $1 million but less than $2 million – $131 annual premium;
  • $25,000 surety bond amount for loan volume of more than $2 million but less than $3 million – $188 annual premium;
  • $50,000 surety bond amount for loan volume of more than $3 million – $375 annual premium.

When you call us, we’ll take the very short surety bond application from you over the phone. This will consist of asking you the name as it should appear on your surety bond, along with your company’s contact information.

After payment of the premium, the bond will be issued for you, along with a Power of Attorney form. Again, we can electronically file it on your behalf, or we can mail the original documents to you for filing through NMLS.

***$200,000 Surety Bond Amount***

For any D.C. mortgage lender surety bond applicants who require a $200,000 surety bond as per the option of the D.C. Commissioner, a signed application, along with an underwriter review, which includes a credit inquiry will be required.

Approval is granted on the basis of good credit and will be $1500 annually.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

The purpose of D.C. mortgage lender surety bond is to serve as a financial guarantee of your compliance with the D.C. Official Code § 26-1100, as amended.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate surety bonds in Washington D.C. and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you.

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