This surety bond is required by the New Mexico Regulation and Licensing Department, Financial Institutions Divisions. The bond states that the bond amount should be $50,000 for the first year you are bonded, and then, after that, the bond amount will be based off of the total dollar amount of mortgage loans originated annually. The bond states that the bond holder shall comply with the provisions of the New Mexico Mortgage Loan Originator Licensing Act and all orders, rules, and regulations. The premium on this bond is typically as low as $375 for the year with just a filled out online application.
To Secure a New Mexico Mortgage Loan Originator 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.