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Massachusetts Mortgage Broker, Lender, or Originator Bond

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How much does the Massachusetts mortgage broker, lender, or originator bond cost? 

Massachusetts residential mortgage loan bond costs start at $187.50 annually. Your personal premium will be provided after a quick application review based on your license type.  

  • The $25,000 mortgage loan originator bond starts at $187.50 annually.
  • The $75,000 mortgage broker bond starts at $562.50 annually.
  • The $100,000 mortgage lender bond starts at $750 annually.

How do I get a mortgage broker, lender, or originator bond in Massachusetts?

You can apply for your mortgage broker, lender, or originator bond online 24/7. Simply select the surety bond required for your license type and provide your name, address, and NMLS ID number for Division of Banks and NMLS filing approval. Once your order has been processed, SuretyBonds.com will file your Massachusetts mortgage licensing bond directly with the NMLS.

How fast can I get a mortgage loan originator, lender, or broker bond?

Our industry-leading technology and responsive customer service team allow us to file your official Massachusetts mortgage loan originator, mortgage lender, or mortgage broker bond directly with the NMLS faster than any other surety provider. Orders placed by 4 PM CST Monday-Friday are typically processed and filed same-day.

If you have questions about Massachusetts mortgage bonds or your application, call 1(800)308-4358 to speak with a friendly surety expert. We're here to guide you through the mortgage bond process so you can get back to running your business.

Bond Type
$25,000Individual Mortgage Loan Originator Bond
$75,000Mortgage Broker Bond
$100,000Mortgage Lender BondAggregate Annual Dollar Amount of Closed Massachusetts Residential Loans is between $0 - $49,999,999
$250,000Mortgage Lender BondAggregate Annual Dollar Amount of Closed Massachusetts Residential Loans is between $50,000,000 - $249,999,999
$500,000Mortgage Lender BondAggregate Annual Dollar Amount of Closed Massachusetts Residential Loans is between $250,000,000+

What is a Massachusetts mortgage broker, lender, or originator bond?

Massachusetts Division of Banks Regulations 209 CMR 42.00 and Massachusetts General Laws Chapter 255 F Section 12 requires individuals file a surety bond as financial protection for consumers before they can be licensed to work as a mortgage professional in the state. The state uses separate official bond forms for mortgage loan originators, mortgage brokers, and mortgage lenders, but they're all filed electronically directly with the NMLS. Each form has its own requirements to ensure mortgage professionals comply with financial regulation when providing financial service in the state.  

What does a mortgage loan originator, broker or lender bond protect against?

By filing a surety bond for licensing compliance, a mortgage loan originator, broker, or lender agrees to comply with applicable consumer finance laws as outlined in state laws. If they fail to do so, their issuing surety company will pay valid claims to the state or harmed consumers up to the full bond amount, which the mortgage professional must reimburse. 

Who regulates Massachusetts mortgage brokers, lenders, and originators?

The Massachusetts Office of Consumer Affairs and Business Regulations Division of Banks enforces licensing requirements for mortgage professionals working in the state. You can contact the Division by calling 1(617)956-1500

The Massachusetts Division of Banks requires this bond for state residential mortgage loan licensing. If you work as a mortgage professional in other states, we also offer mortgage license bonds nationwide.

What is my Massachusetts mortgage bond amount?

Your required Massachusetts surety bond amount is based on your mortgage license type. 

  • If you're a mortgage loan originator, you need to file a $25,000 surety bond.
  • If you're a mortgage broker, you need to file a $75,000 surety bond.
  • If you're a mortgage lender, you need to file a surety bond amount based on your aggregate annual dollar amount of closed Massachusetts residential loans. Bond amounts range from $100,000 to $500,000 depending on your residential loan volume produced as a mortgage lender.

How do Massachusetts mortgage brokers and bankers file your bond?

SuretyBonds.com will electronically file your bond with the Nationwide Multistate Licensing System (NMLS). As the surety experts, we'll work with you and NMLS to be sure your bond is filed quickly and accurately to meet all Massachusetts state licensing requirements. Your emailed surety bond copy is for reference only and won't need to be filed with the NMLS.  

How do I update or change my mortgage loan company license bond?

If the Division of Banks requires your surety bond form to be updated for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your bond's mortgage license information to match your NMLS ID information.

How do I renew my mortgage broker, lender, or originator bond?

You must renew your mortgage broker, originator, or lender license bond before its current term expires. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your bond active for your next NMLS license term.  

How do I get a mortgage broker, originator, or lender license in Massachusetts? 

Complete the following steps to apply for your Massachusetts mortgage company license online through the Nationwide Multistate Licensing System (NMLS)

  1. Verify whether you need a mortgage loan originator license, mortgage broker license, or mortgage lender license
  2. Purchase your Massachusetts surety bond in the bond amount required for your license type. 
  3. Pay all registration fees. 
  4. Provide all required license information and upload all required documents.  

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