The Texas Mortgage Loan Servicer Bond is required by the Texas Department of Savings and Mortgage Lending. The bond states that the bond principal must follow all rules and regulations under the Texas Mortgage Broker License Act. This bond must be written for, in favor of, and payable to the State of Texas and the people of the State of Texas.
The Commissioner of the Department of Savings and Mortgage Lending requires the bond be in the amount $25,000, for servicing volumes of <
$25,000,000 or $50,000, for servicing volumes of >$25,000,000. The Mortgage Loan Servicer bond is one of the requirements for those applying for a Mortgage Loan Originator license. You only need to pay a portion of the surety bond. Complete our online application form to know how much the bond premium us.
Although the Department of Savings and Mortgage Lending regulates the licensing, the application is done through the National Mortgage Licensing System.
Why should I get my Texas Mortgage Loan Servicer Bond from Surety1?
At Surety1 you can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states. As a result, our services have earned an A+ rating from the Better Business Bureau.
