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California
Residential Mortgage Lender or Servicer Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $50,000 - $100,000
Term Length: 1 year
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How Much Do California Residential Mortgage Lender or Servicer Bonds Cost?

The California Department of Protection and Innovation (DFPI) requires residential mortgage lenders and servicers to file a $50,000 bond starting at just $500. Exact pricing may vary per applicant based on credit score. 

If you lose good standing with the DFPI, your required bond coverage will increase to $100,000. Select the bond you need below and apply for a free quote.

Bond Type
$50,000Residential Mortgage Lender or Servicer Bond
$100,000Residential Mortgage Lender or Servicer Bond

Need to be bonded in multiple states? SuretyBonds.com is licensed to issue mortgage license bonds in all 50 states.

How Does a California Residential Mortgage Lender or Servicer Bond Work? 

A California mortgage bond is an agreement between three parties: 

  1. Principal: The mortgage servicer or lender purchasing the bond
  2. Surety: The surety company issuing the bond 
  3. Obligee: The California DFPI requiring the bond 

These bonds require annual renewal. We’ll contact you during the renewal period to ensure you maintain active coverage. To cancel the bond, the principal or surety must send 30-day’s written notice to the obligee. 

Who Needs a Residential Mortgage Lender or Servicer Bond? 

California Financial Code Section 50205 requires all mortgage lenders and servicers to file a surety bond as a part of the licensing application. This protects consumers if a mortgage professional breaks industry laws or regulations.  

How to Get a California Residential Mortgage Lender or Servicer Bond 

You can get your California mortgage lender or servicer bond quickly and easily with SuretyBonds.com. Just follow these three steps: 

  • Step 1: Apply for your bond online
  • Step 2: Receive a free quote within one business day 
  • Step 3: Pay for your invoice online or over the phone

We’ll file your official bond directly with the NMLS and provide an email copy for your records. 

How to Become a Licensed Mortgage Lender or Servicer in California

To become licensed as a mortgage lender or servicer with the California DFPI, follow these four steps:

  1. Purchase and file a $50,000 surety bond
  2. Fill out your NMLS online application
  3. Upload all required application materials
  4. Pay the required fees

View the California DFPI’s application guide for mortgage servicers and lenders for detailed fee information and submission instructions. 

More Resources 

Call 1 (800) 308-4358 to talk with a Surety Expert

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