This surety bond is required by the State of New Jersey, Department of Banking and Insurance. The bond can either be for a Residential Mortgage Lender or a Correspondent Residential Mortgage Lender. This bond ensures that the bondholder will faithfully comply with and abide by the provisions of N.J.S.A. 17:11C-51, will commit no wrongful act, default, omission, fraud, or misrepresentation, will perform all obligations and undertakings honestly, fairly, equitably and efficiently when engaging in the first or second mortgage lending business in this State, and will pay to the State any and all money that may become due to the State. The bond amount varies, but regardless of the bond amount you need, Surety1 can provide it quickly and at a competitive rate.
To Secure a New Jersey Mortgage Lender Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.