Bond Details

Massachusetts Mortgage Loan Originator Bond – $25,000 bond – $150 per year

Overview

If a mortgage loan originator is an employee or exclusive agent of a mortgage broker or mortgage lender, the surety bond of the mortgage broker or mortgage lender may be used to satisfy the mortgage loan originator's surety bond requirement.

The amount of the individual mortgage originator bond in Massachusetts is $25,000. The NNA has secured a $150 flat rate for all Massachusetts mortgage originators to obtain this bond without a credit check. This bond meets the licensing requirements for Massachusetts mortgage originators and lasts for one year.