New Jersey
Mortgage Broker, Lender, or Servicer Bond

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

Coverage Amount: $100,000 - $1,000,000
Term Length: 1 year
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How much does the New Jersey mortgage broker, lender, or servicer bond cost?  

New Jersey mortgage broker, lender, or servicer bond costs start at $800 annually. Your personal premium will be provided after a quick application review based on the bond amount required for your license type and loan volume.

How do you get bonded as a mortgage servicer, broker, or lender in New Jersey?

You can apply for your New Jersey mortgage broker, lender, or servicer bond online 24/7. Simply select the surety bond required for your license and loan volume and provide the following information for Department of Banking and Insurance filing approval. 

  • mortgage licensee name
  • address
  • county
  • license type

Once your residential mortgage broker or lender bond order has been processed, you'll receive bonding confirmation by email, and your official surety bond will be shipped to your preferred mailing address. If you're purchasing a mortgage servicer bond, SuretyBonds.com will electronically file your bond directly with the NMLS. 

How fast can I get a mortgage loan license bond? 

Our industry-leading technology and responsive customer service team allow us to deliver your official New Jersey mortgage loan license bond faster than any other surety company. Orders placed by 4 PM CST Monday-Friday are typically processed with same-day emailed bond confirmation. 

If you have questions about New Jersey 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
$150,000Residential Mortgage Broker or Lender Bond$0 - $50,000,000 closed loan volume
$200,000Residential Mortgage Broker or Lender Bond$50,000,001 - $ 75,000,000 closed loan volume
$250,000Residential Mortgage Broker or Lender Bond$75,000,001 - $100,000,000 closed loan volume
$300,000Residential Mortgage Broker or Lender Bond$100,000,001 and over in closed loan value
$100,000-$1,000,000Mortgage Servicer Bond$100,000 per location

What is a New Jersey mortgage broker or lender bond? 

New Jersey Statutes Annotated 17:11C-54 requires mortgage lender and broker license applicants file a surety bond before providing financial services in the state. State form RMLABOND0210 is officially titled “BOND” and is specifically required for individuals applying as a residential mortgage lender, residential mortgage broker, or correspondent residential mortgage lender. This bond form benefits the state or any person injured by a wrongful act, default, fraud, or misrepresentation committed by the business licensee, its individual licensees, its mortgage loan originators, or other employees. You must file your original, physical mortgage broker bond or mortgage lender bond directly with the state yourself. 

What is a New Jersey mortgage servicer bond? 

New Jersey Statutes Annotated 17:16F-30 requires mortgage servicer license applicants file a $100,000 surety bond amount per location. The state's form is officially titled the “New Jersey Mortgage Servicers Licensing Act Surety Bond” and benefits the state or individuals injured by a wrongful act, default, omission, fraud, or misrepresentation committed by the mortgage loan servicer, its employees, or agents who fail to comply with the Mortgage Servicer Licensing Act. Your surety company will file your mortgage loan servicer bond directly with the Nationwide Multistate Licensing System (NMLS) on your behalf. Your emailed surety bond copy is for reference only and won't need to be filed with the NMLS.  

Why do you need a residential mortgage license bond?  

You must purchase and file your New Jersey surety bond to be licensed as a residential mortgage loan professional. By filing your bond you agree to comply with New Jersey Statutes as well as the Residential Mortgage Lending Act and/or Mortgage Servicers Licensing Act when providing financial services for residential mortgage loans. If you fail to do so, your issuing surety company will pay valid claims to the state or harmed individuals up to your full bond amount, which you must reimburse. 

Who regulates New Jersey mortgage brokers, lenders, and servicers? 

The New Jersey Department of Banking and Insurance Banking Division enforces the state's mortgage company license requirements. You can contact the Banking Division by calling 1(609)292-7272 or emailing [email protected]

The New Jersey Department of Banking and Insurance requires this bond for state mortgage broker, lender, or servicer licensing. If you work as a mortgage professional in other states, we also offer mortgage license bonds nationwide.

How do I update or change my New Jersey mortgage broker, lender, or servicer bond? 

If the New Jersey Department of Banking and Insurance requires your bond to be updated for any reason, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your name or address to match your new license application or existing residential mortgage loan license. 

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

You must renew your mortgage broker, lender, or servicer 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 licensure term. 

How do I get my mortgage broker, lender, or servicer license in New Jersey?  

Complete the following steps to submit your New Jersey mortgage applicant licensure paperwork. 

  1. Determine whether you need a mortgage servicer license, residential mortgage broker license, residential mortgage lender license, or RMLA-licensed mortgage servicer registration.
  2. Purchase and file your New Jersey surety bond in the correct required bond amount for your residential mortgage loans license type.  
  3. Pay the license fee.  
  4. Undergo a criminal background check. 
  5. Complete all required documents listed on each individual application.  

If you need a New Jersey mortgage servicer license, you'll apply directly through the Nationwide Multistate Licensing System (NMLS).

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