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Are You In The Business of Making Residential Loans In Ohio?


If you are in the business of making residential loans either through: servicing, selling, or buying then under the Ohio Mortgage Loan Act Certificate of Registration you are required to obtain an Ohio Mortgage Loan Act Surety Bond as a condition of licensure.

Applicants applying for licensure must complete an application through the National Mortgage Licensing System (NMLS).

The following is required for licensure:

Payment of NMLS processing fee and the criminal background check fee;

Applicants must pass a criminal background check.

Additionally, a mortgage broker must have a physical business location in Ohio and must show proof either of a deed, lease, or sublease and include a photograph of the business.

Obtain a Surety Bond -a minimum bond in the amount of $50,000 and a maximum of $150,000 based on the volume of loans written. Each additional branch location requires a $10,000 bond.

Complete and upload: an Interest in Appraisal Companies written statement, an Operating Agreement, Flow of Funds Structure and if applicable, any Disclosure Explanations.

Provide a copy of recent (less than 90 days) financial statements which includes: a Balance Sheet, Income Statement, Statement of Cash Flows and any notes. If the applicant is a new business, provide a Statement of Condition.

Email the Ohio Attestation form to webdfi-cf@com.state.oh.us and on the subject line note: OMBA Ohio Attestation.

Premium for an Ohio Mortgage Broker Act Certification of Registration bond is based on credit and the bond amount required. Bond amounts over $50,000 will require business and personal financials for underwriting.

SuretyGroup.com is here to help you with your bonding needs.

We have been underwriting surety bonds for over 35 years, and we offer bonds for individuals and businesses of every size.

Our team of experienced surety specialists and in-house underwriting authority gives us a unique advantage over other surety companies. We are able to offer competitive, low rates, quick approvals and immediate bond delivery. In most cases we can approve your application today and deliver your bond tomorrow.

Have Questions?

Contact our Surety Bond Specialists at:

Phone: 1‑844‑432‑6637
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday