Tennessee - Mortgage Loan Servicer ($200,000) - NMLS — required surety bond in Tennessee. Apply online in minutes.
A Tennessee Mortgage Loan Servicer Bond is a surety bond required for professionals managing mortgage loans through the NMLS. It serves as a financial guarantee that the servicer will operate honestly and properly manage borrower funds, including mortgage payments and escrow accounts.
Businesses or individuals applying for or maintaining a mortgage loan servicer license in Tennessee typically need this bond. This applies to professionals who collect payments, manage escrow accounts, or administer loan modifications for Tennessee residents.
The obligee generally requires this bond to protect consumers from financial loss caused by a servicer's unethical business practices. If a servicer fails to properly remit payments or mishandles funds, a claim can be filed against the bond to compensate the harmed parties.
Click Apply Now to start our secure, approximately 5-minute online application. Once your application is approved and processed, your surety bond will be delivered directly to you by email.
Premiums vary based on the applicant's credit history, financial profile, and the required bond amount. Please apply online for an exact quote.
Required bond amounts vary based on your specific business volume and licensing guidelines. You must verify your exact required bond amount directly with the issuing agency or via NMLS before applying.
Approval times vary depending on the applicant's profile and underwriting needs. Submitting our secure online application is the fastest way to get your specific timeline and quote.
Yes, applicants with less-than-perfect credit can often still secure a bond, though premium rates may vary. Apply online or call Noah Insurance Agency (licensed nationwide) at 814-718-0060 to explore your options.
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