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Michigan Mortgage Broker bond

Michigan Mortgage Broker

Michigan requires a $10,000 mortgage broker bond.

Michigan Mortgage Broker bond, answered

How much is a mortgage broker bond in Michigan?
Michigan requires a $10,000 mortgage broker bond.
Who needs a Michigan mortgage broker bond?
Licensed mortgage brokers in every state that requires an ESB at licensing or renewal.
Who regulates mortgage broker bonds in Michigan?
Michigan DIFS oversees mortgage requirements in Michigan, including the bond filing.
How do renewals work?
Renews annually alongside the underlying license.
How do I get bonded?
Send NMLS ID and target states Receive a per-state quote within one business day Surety signs the ESB in NMLS for your filing

What you will need

  • NMLS Unique Identifier
  • State list and per-state origination figures
  • Owner credit authorization

How to get bonded

  1. Send NMLS ID and target states
  2. Receive a per-state quote within one business day
  3. Surety signs the ESB in NMLS for your filing

Regulator: Michigan DIFS

Bond placement runs on Cornerstone Surety

Get your Michigan mortgage broker bond quoted by the Cornerstone Surety team.

Quote at Cornerstone Surety

Or call us: 770-587-4595