Oklahoma Residential Mortgage Lenders are required to carry an Oklahoma Mortgage Lender Bond in the amount of $100,000. It ensures that a mortgage lender complies with state regulations.
Mortgage lender applicants must complete an application in the National Mortgage Licensing System (NMLS) and pay the applicable fees.
Applicants must also pass a criminal background check, upload and submit copies of thier business financial statements, and any other document that is noted in the application that applies.
The business must maintain a minimum networth of $25,000
Premium for a Oklahoma Mortgage Lender bond is dependent on credit and business and/or personal financials.
Hours: 8:00-5:00 CST, Monday through Friday
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.