Nevada Mortgage Servicer Bond
400,000+ Bonds issued to 250,000+ satisfied customers.
Purchase your bond today and we'll email your bond directly to you. No shipping required.
We shop the top surety markets to find you the best rate.
Backed by SSL, our online bonding process is secure. We are committed to your privacy.
How Much Do Nevada Mortgage Servicer Bonds Cost?
The cost of a mortgage servicer bond in Nevada is based on the bond amount and the qualifications of the applicant. State-required bond coverage for supplemental and standard mortgage servicers is based on annual servicing volume:
- Under $50M annual loan volume: $100,000 bond requirement
- $50M—$500M annual loan volume: $200,000 bond requirement
- Over $500M annual loan volume: $300,000 bond requirement
Mortgage servicer bond applications are subject to surety underwriting to determine exact pricing. With excellent credit, you may qualify for a rate as low as 0.75–2% of the total bond amount. Apply now for an exact quote:
If poor credit adversely affects your rate, ask about premium financing options to lower the upfront cost.
What Is a Nevada Mortgage Servicer Bond?
Nevada mortgage servicer bonds ensure that any wronged loan services consumers have a means of compensation for financial losses. These surety bonds protect clients and the state from harm due to illegible mortgage servicing practices.
Nevada mortgage brokers, mortgage bankers and covered service providers must file separate surety bond forms with the Division of Mortgage Lending.
How Do I Get a Mortgage License Bond in Nevada?
With SuretyBonds.com, you can get your Nevada mortgage servicer bond in just three easy steps:
- Apply for your surety bond online
- Receive a free quote within one business day
- Checkout on our secure, online portal
That’s it! We’ll file your official bond directly with the NMLS and provide an email copy for your records.
How Do Nevada Mortgage Servicer Bonds Work?
If the principal (mortgage servicer) violates the bond terms and a consumer is harmed, the surety will pay out claims up to the full bond amount. However, the principal is ultimately responsible for reimbursing the surety.
These bonds remain active unless canceled by the surety or the principal. If either party decides to terminate the bond, they must provide 30- or 60-days’ written notice to the Division of Mortgage Lending, depending on the bond terms.
How to Become a Mortgage Servicer in Nevada
The Nevada Division of Mortgage Lending enforces licensing for mortgage servicers. Use the NMLS checklists below to gather the appropriate documentation for the Nevada mortgage servicer license you need:
- NMLS: Nevada Servicer License (Individual) Application Checklist
- NMLS: Nevada Supplemental Servicer License (Company) Application Checklist
Do you work as a mortgage professional in other states? We offer mortgage industry license bonds nationwide.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
