Michigan Mortgage Servicer bond
Michigan Mortgage Servicer
Michigan requires a $10,000 mortgage servicer bond.
Michigan Mortgage Servicer bond, answered
- How much is a mortgage servicer bond in Michigan?
- Michigan requires a $10,000 mortgage servicer bond.
- Who needs a Michigan mortgage servicer bond?
- Licensed mortgage servicers in states that require an ESB at licensing or renewal. Bond amount typically scales with portfolio UPB.
- Who regulates mortgage servicer 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 serviced UPB by state Carrier returns a per-state quote with tiered pricing ESB signed in NMLS by the surety
What you will need
- NMLS Unique Identifier
- Serviced UPB by state
- Company financials and owner credit
How to get bonded
- Send NMLS ID and serviced UPB by state
- Carrier returns a per-state quote with tiered pricing
- ESB signed in NMLS by the surety
Regulator: Michigan DIFS
Bond placement runs on Cornerstone Surety
Get your Michigan mortgage servicer bond quoted by the Cornerstone Surety team.
Quote at Cornerstone SuretyOr call us: 770-587-4595