Connecticut - Mortgage Servicer Addendum for Mortgage Lenders — required surety bond in Connecticut. Apply online in minutes.
The Connecticut Mortgage Servicer Addendum for Mortgage Lenders is a specialized surety bond supplement that guarantees a mortgage lender will act ethically when servicing residential mortgage loans. It ensures the lender handles escrow funds properly and follows all state servicing guidelines.
This addendum is typically required for licensed mortgage lenders operating in Connecticut who also engage in the business of servicing mortgage loans. If your lending business handles the day-to-day administration of mortgage accounts, you will likely need this bond supplement. Verify your specific requirements with the state regulatory agency.
The Connecticut Department of Banking generally requires this addendum to protect consumers from financial harm resulting from improper mortgage servicing practices. It provides a financial safety net for borrowers if the servicer misappropriates funds, fails to pay taxes from escrow, or otherwise violates their fiduciary duties.
Click Apply Now to start your secure online application, which takes about 5 minutes to complete. Once approved and processed, your bond documents will be delivered directly to your inbox by email. If you have questions during the process, contact Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary based on the required bond amount and the applicant's credit history. Apply online for an exact quote, as we cannot state specific prices without reviewing your application.
Bond amounts vary depending on your business volume and the state's specific criteria. Please verify your exact bond amount with the Connecticut Department of Banking or through NMLS before applying.
Yes, Noah Insurance Agency works with multiple surety carriers to help applicants with varying credit histories find coverage. Your specific premium will depend on your financial profile, so submit a secure online application to see your options.
Generally, an addendum supplements an underlying surety bond, but licensing requirements vary by business activities. Always verify your specific bonding requirements directly with the issuing regulatory agency to ensure full compliance.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
Noah Insurance Agency · Licensed Nationwide