Oregon Mortgage Lender, Servicer or Originator License Bond

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

You will be sent your quote in minutes

3. Buy Your Surety Bond

We offer secure payment options

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Also known as a mortgage lender or banker bonds
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Excellent bond rates
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Bad credit options
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Easy online process

How Much Does an Oregon Mortgage Lender, Servicer or Originator License Bond Cost?

The cost of an Oregon mortgage lender, servicer or originator license bond is between $500 and $20,000. The required bond amount for all three types of bonds ranges from $50,000 to $200,000 based on loan volume. For a new license, the bond amount is $50,000 for the first year.

Through an authorized Oregon surety company, you can purchase your bond at a premium rate. The premium rate for your new bond will be between 1% and 10%. Your credit rating as well as assets and mortgage industry experience play roles in determining the rate.

You will qualify for a rate between 1% and 3% if your credit score is 700 or better. If your credit score is 600 to 699, the rate will fall between 3% and 5%. With a lower credit score, the premium rate will be between 5% and 10%.

Surety Bond Cost Based on Credit Score
Surety Bond Name	Surety Bond Amount	Over 700	Between 600 - 699	Below 599
Oregon Mortgage License Bond (Loan volume less than $10 million)	$50,000	$500 - $1,500	$1,500 - $2,500	$2,500 - $5,000
Oregon Mortgage License Bond (Loan volume $10 million to less than $25 million)	$75,000	$750 - $2,250	$2,250 - $3,750	$3,750 - $7,500
Oregon Mortgage License Bond (Loan volume $25 million to less than $50 million)	$100,000	$1,000 - $3,000	$3,000 - $5,000	$5,000 - $10,000
Oregon Mortgage License Bond (Loan volume $50 million to less than $100 million)	$150,000	$1,500 - $4,500	$4,500 - $7,500	$7,500 - $15,000
Oregon Mortgage License Bond (Loan volume more than $100 million)	$200,000	$2,000 - $6,000	$6,000 - $10,000	$10,000 - $20,000

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get an Oregon Mortgage License Bond

1. Apply for Your Bond Online

Buying a bond for your Oregon mortgage lender (which includes banker, broker, and lender), servicer or originator license is a quick and easy process. To begin, complete the short online application. We bond more than 99% of our applicants, and our experienced bond experts are available to assist with your purchase.

Xavier was initially doubtful because he had a tight deadline to meet and feared the process would take too long. Upon receiving his application, we immediately provided him with a quote. Xavier appreciated the swift response and the simplicity of the process. He completed the payment online, received his bond, and submitted his license application well before his deadline.

2. Review Your Bond Quote

Our customers take advantage of our fast bonding process, and most customers receive an instant quote after submitting the online application. Applicants with more challenging situations will receive a quote within 48 hours.

3. Make Your Premium Payment

To finalize your bond purchase, make your premium payment online. Your Oregon surety bond will immediately be processed, and we will email the document to you. We can also mail the bond at your request. For assistance, please contact us or call us at (877) 514-5146.

Mortgage Lender, Servicer and Originator Bond Requirements in Oregon

The Oregon Department of Consumer and Business Services is the authority for mortgage lender, servicer and originator license and bond requirements. The National Multistate Licensing System, or NMLS, processes license applications and renewals.

For all three types of mortgage bonds, the bond amount required is $50,000 for first-time applicants. For renewals, the bond amount ranges from $50,000 to $200,000 based on loan volume.

Mortgage License Bond
Loan Volume	Surety Bond Amount
Less than $10 million	$50,000
$10 million to less than $25 million	$75,000
$25 million to less than $50 million	$100,000
$50 million to less than $100 million	$150,000
More than $100 million	$200,000

Under Oregon law, each loan originator must be individually licensed and bonded, and lender companies must have its own license and bond. If a company is both a lender and servicer, two bonds are required.

The obligee is the Oregon Department of Consumer and Business Services Division of Financial Regulation. The bond runs continuously until it is canceled. The Division of Financial Regulation must receive written notice 30 days prior to the cancellation date.

The premium must be paid annually to maintain the bond. Our bond team will be in touch with your renewal instructions each year.

To learn more about how to get an Oregon mortgage broker license, contact the Oregon Department of Consumer and Business Services Division of Financial Regulation at (888) 877-4894.

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Robin Kix

Robin Kix is our Renewal Department Manager. During her 10 years in the surety industry, she helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.

About Us

Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more