The Oregon Mortgage Servicer Bond is type of surety bond required by the Oregon Department of Insurance and Finance. The bond protects the State and the people of Oregon. The bond required amount is $50,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms. Oregon Mortgage Servicer Bond

The licensing process is managed by the Nationwide Mortgage Licensing System (NMLS) and Surety1 will file the bond electronically with the NMLS.

How to Get an Oregon Mortgage Servicer Bond

At we make it easy to obtain this surety bond. Our simple, three step process is:

  1. Complete the easy to navigate and secure online application1
  2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
  3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Oregon Mortgage Servicer Bond will be filed electronically by Surety1 to the NMLS.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license. is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, is the premier online provider of surety bonds nationwide since 2003.

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Who needs the Mortgage Servicer Bond?

Any company that will be servicing an Oregon residential mortgage loan that is not exempted by law is required to have a mortgage servicer license prior to engaging in servicing activity. Companies who plan to service Oregon residential mortgage loans must be licensed with the state. The Mortgage Servicer Bond is one of the licensing requirements.

Activities authorized under this license include:

  • Third party first mortgage servicing
  • Third party subordinate lien mortgage servicing
  • First mortgage servicing
  • Master Servicing
  • Subordinate lien mortgage servicing

How do I get an Oregon Mortgage Servicer license?

  1. Pre-licensing Requirements:
    • Education: Complete 20 hours of pre-licensure education, including 4 hours specific to Oregon. You can find approved courses through the Nationwide Mortgage Licensing System & Registry (NMLS).
    • Pass the SAFE Exam: After completing the education, take and pass the SAFE Mortgage Servicer Exam administered by NMLS.
    • Background Check: Submit fingerprints for an FBI background check through NMLS.
  1. Apply for the License:
    • NMLS Account: Create an account on the NMLS website if you haven’t already.
    • MU-3 form: Complete the MU-3 form for each branch location where you’ll service Oregon loans.
    • Surety Bond: Obtain an Oregon Mortgage Servicer Bond in the amount of $50,000.
    • Other Requirements: Provide information about your company, its owners, and its controllers, including financial statements and proof of a registered agent in Oregon.
    • Fees: Pay the non-refundable application fee of $960 and the NMLS user fee of $100.
  1. Submitting the Application:
    • Once you’ve gathered all the required documents and met the pre-licensing requirements, submit your completed application through the NMLS system.
    • The Oregon Division of Financial Regulation (DFR) will review your application and may request additional information.
    • If your application is approved, you’ll receive your license and can begin servicing Oregon residential mortgage loans.

Helpful Resources:

Additional Tips:

  • Start the process early, as it can take several weeks or even months to get your license.
  • Make sure you meet all the eligibility requirements before applying.
  • Gather all the required documentation in advance to avoid delays.
  • If you have any questions, contact the Oregon DFR or NMLS for assistance.

I hope this information helps! Remember, this is a general overview, and you should always consult with the DFR or NMLS for the latest requirements and guidance.

Click to Visit our State-by-State Guide to Mortgage industry Surety Bonds  


How to Get Your Oregon Mortgage Servicer Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, and then you will receive your Surety Bond!

If you have any questions, please call us at 877-654-2327.

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
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Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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