The Texas Department of Savings and Mortgage Lending is responsible for overseeing registration of Residential Mortgage Loan Servicers through the National Mortgage Licensing System (NMLS). Mortgage servicers must apply for a license and a surety bond prior to obtaining mortgage services.
Surety bonds must be purchased from a surety company that is licensed to do business in Texas. SuretyGroup.com is licensed in all 50 states and fulfills that requirement.
The premium that you pay for a Texas Residential Mortgage Loan Servicer Surety Bond is dependent on credit and the bond amount required. 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.
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