If you are in the business of making residential loans either through servicing, selling, or buying then under the Ohio Mortgage Broker Act Certificate of Registration, you are required to obtain an Ohio Mortgage Broker Act Declaration of Surety Bond as a condition of licensure. Applicants applying for licensure must complete an application through the National Mortgage Licensing System (NMLS).
The premium for an Ohio Residential Mortgage Broker Act Certification of Registration License Surety Bond is based on credit and the bond amount required. Surety bond amounts over $50,000 will require business and personal financials for underwriting.
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