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New York Mortgage License Bonds

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New York mortgage industry bonds ensure that licensed mortgage professionals follow state laws and industry regulations. These surety bonds protect consumers from illegal and unethical mortgage lending practices. 

How Much Does a Mortgage Bond Cost in New York?

Bond requirements for mortgage professionals in New York vary based on the license type and annual loan volume. The cost of a New York mortgage industry license bond is typically a small percentage of the total bond amount. 

We work with the nation’s top surety providers to offer the lowest mortgage bond prices available. Qualified applicants often pay a rate of just 0.75–3% of the bond amount. However, pricing may vary based on personal credit score. 

Select the bond you need to get a free quote with no hidden fees:

Bond Type
$50,000License Mortgage Bankers Bond
$100,000Mortgage Loan Originating Entity Bond1-9 Individuals who are Required to be Licensed as Mortgage Loan Originators
$150,000Mortgage Loan Originating Entity Bond10-15 Individuals who are Required to be Licensed as Mortgage Loan Originators
$250,000Mortgage Loan Originating Entity Bond16-24 Individuals who are Required to be Licensed as Mortgage Loan Originators
$500,000Mortgage Loan Originating Entity Bond25+ Individuals who are Required to be Licensed as Mortgage Loan Originators
$250,000Mortgage Servicer Bond
$10,000Mortgage Loan Originator Bond (Individual)Less than $1,000,000 in loans originated
$15,000Mortgage Loan Originator Bond (Individual)$1,000,000-$7,499,999 in loans originated
$25,000Mortgage Loan Originator Bond (Individual)$7,500,000-$14,999,999 in loans originated
$50,000Mortgage Loan Originator Bond (Individual)$15,000,000-$29,999,999 in loans originated
$75,000Mortgage Loan Originator Bond (Individual)$30,000,000-$49,999,999 in loans originated
$100,000Mortgage Loan Originator Bond (Individual)$50,000,000 or more in loans originated
$10,000Registered Mortgage Brokers BondAnnual application volume: 0-24
$25,000Registered Mortgage Brokers BondAnnual application volume: 25-99
$50,000Registered Mortgage Brokers BondAnnual application volume: 100-299
$75,000Registered Mortgage Brokers BondAnnual application volume: 300-599
$100,000Registered Mortgage Brokers BondAnnual application volume: 600+

Where to Buy a New York Mortgage Industry License Bond

The easiest way to get a New York mortgage license bond is through SuretyBonds.com. With our industry-leading technology and service, we issue bonds faster than any other surety provider.


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

How Do I Get a Mortgage Bond in New York?

You can get your New York mortgage license bond quickly and easily with SuretyBonds.com. Just follow these four steps: 

  • Step 1: Apply for your bond online
  • Step 2: Receive a free quote within one business day (some bonds are available for instant purchase) 
  • Step 3: Pay for your invoice online or over the phone
  • Step 4: File the bond with the New York licensing office

We file most mortgage bonds electronically with the NMLS on the principal’s behalf. If your obligee requires the original document, select two-day, next-day or overnight shipping for your physical bond form. 

How Do I Renew My Mortgage Bond?

You must renew your New York mortgage license surety bond whenever the current term expires. Once you pay your SuretyBonds.com renewal invoice, you'll receive an email with instructions on how to keep your bond and license active with the NMLS.

How Do New York Mortgage License Bonds Work? 

A New York mortgage surety bond ensures that mortgage bankers, originators, servicers and brokers will operate ethically and lawfully. If they fail to do so, harmed parties can file a claim to recover damages. The surety provider will pay the claim amount and the bondholder must reimburse the surety.


Learn more in our Guide to Surety Bonds for Mortgage Professionals.

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