Arizona Mortgage Broker Bond And Mortgage Banker Bond

The Arizona Department of Insurance and Financial Institutions requires all mortgage broker companies and mortgage banker companies to purchase a surety bond as one of the licensing requirements.

This surety bond is often called an Arizona mortgage broker bond or Arizona mortgage banker bond. In this video you'll learn what the bond is, why you're required to purchase it, and how to save potentially hundreds of dollars when you're ready to buy.

Here are the timestamps. Use the timestamps when we talk about the bond amounts. Skip to the license that's relevant to you.

• 00:21 - Video agenda
• 00:51 - Which Arizona mortgage licenses require a surety bond?
• 01:39 - What is a mortgage surety bond?
• 02:24 - What does an Arizona mortgage surety bond protect against?
• 03:35 - What are the Arizona mortgage surety bond amounts?
• 03:48 - Examples of institutional investors
• 04:08 - Residential mortgage broker company
• 04:17 - Individual mortgage loan originator surety bond
• 04:57 - Residential mortgage banker company
• 05:51 - Commercial mortgage broker company
• 06:01 - Commercial mortgage banker company
• 06:24 - How much does a mortgage surety bond cost?
• 06:41 - Main factors that determine the mortgage surety bond cost
• 07:43 - Example mortgage surety bond pricing
• 08:34 - What happens once you buy your Arizona mortgage surety bond?
• 09:08 - Renewing your Arizona mortgage surety bond