New York Mortgage Loan Originator Bond - Individual

Loan Originators that are not covered by an Originating Entity surety bond must maintain an individual surety bond. New York licensed mortgage loan originators are required to maintain a surety bond based on the dollar volume of loans originated by the mortgage loan originator, between $10,000 and $100,000. The NNA has secured premiums of $6 per $1,000 in liability for all New York loan originators to obtain this bond without a credit check.