Who needs a Minnesota 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 Minnesota?

Minnesota Department of Commerce oversees mortgage requirements in Minnesota, including the bond filing.

Renews annually alongside the underlying license.

Send NMLS ID and serviced UPB by state Carrier returns a per-state quote with tiered pricing ESB signed in NMLS by the surety

Minnesota Mortgage Servicer bond

Minnesota requires a $10,000 mortgage servicer bond.

How much is a mortgage servicer bond in Minnesota?: Minnesota requires a $10,000 mortgage servicer bond.
Who needs a Minnesota 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 Minnesota?: Minnesota Department of Commerce oversees mortgage requirements in Minnesota, 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

Regulator: Minnesota Department of Commerce

Get your Minnesota mortgage servicer bond quoted by the Cornerstone Surety team.