Mississippi Mortgage Brokers are required to apply for a license by the State of Mississippi Department of Banking & Consumer Finance through the National Mortgage Licensing System (NMLS) and to obtain a Mississippi Mortgage Broker Surety Bond in the amount of $25,000 as a condition of licensure.
The premium that you pay for a Mississippi Mortgage Broker Surety Bond is dependent on credit. Premiums start at .75% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Mississippi mortgage brokers must renew their surety bonds annually by December 31st.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application