The Utah Mortgage Loan Originators Bond is a type of surety bond required by the Utah Department of Financial Institution. The license processed is facilitated via the Nationwide Mortgage Licensing System (NMLS). The bond amount varies (scroll down) and the cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150.
How to Get a Utah Mortgage Loan Originators Bond
At Surety1.com we make it easy to obtain your surety bond.
- Apply using our easy to navigate, secure online application.
- Obtain your free, no obligation quote form one of our professional agents.
- Make payment (all major credit cards accepted) and sign some paperwork
- Your Utah Mortgage Loan Originators Bond will be delivered to you.
Once these steps have been completed, the surety bond will be filed electronically 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.
If you have any questions along the way, our agents are available Monday – Friday, 8am to 4:30 pm Pacific time. Toll free (877)654-2327.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Surety1.com is the premier online provider of surety bonds nationwide since 2003. We also maintain an A+ rating from the Better Business Bureau.
What is the bond amount?
Requirements are based on the the annual origination volume during the prior calendar year. The sum amounts of all loans originated, arranged, booked, brokered, funded or otherwise included in the individuals personal loan production.
- $12,000 – for volume up to $5 million
- $25,000 – $5 million to $15 million
- $50,000 – over $15 million
Who needs a Utah Mortgage Loan Originators bond?
An individual who takes a mortgage loan application must be licensed if they are compensated. In addition, if they negotiate a term for a residential mortgage loan. The Utah Loan Originators Bond is one of the licensing requirements.
What are other licensing requirements?
- Applicants must file through the NMLS website
- Complete 20 hours of NMLS-approved pre-licensure education
- Pass required test
License fees:
- NMLS Initial processing fee $30
- Utah-DFI License/Registration fee $200
- Credit report – $15
- FBI Criminal Background check – $36.25
Click here to visit our state-by-state guide to mortgage industry bonds
How to Get Your Utah Mortgage Loan Originators Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- 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.

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.