California Mortgage Broker Bond And Mortgage Lender Bond

The California Department of Financial Protection and Innovation requires mortgage professionals to purchase a surety bond before they can have a license issued.

This surety bond is referred to as a California mortgage broker bond, California mortgage originator bond, or a California mortgage lender bond.

In this video you will learn about this surety bond requirement including: what a mortgage surety bond is, why California requires the bond to get licensed, and how to purchase your mortgage surety bond.

Plus you'll learn how you can save hundreds of dollars.

Here are the timestamps so you can jump around if you want.

• 00:21 - Video agenda
• 00:51 - Which California mortgage licenses require this bond?
• 01:31 - What is a California mortgage broker and/or lender bond?
• 02:16 - What does a California mortgage surety bond protect against?
• 02:49 - Examples of fraud protected by the mortgage surety bond
• 03:27 - What are the California mortgage surety bond amounts
• 03:59 - How much does a California mortgage surety bond cost?
• 05:20 - Example prices for a California mortgage broker bond
• 06:11 - What happens after you purchase your mortgage broker bond?
• 06:44 - Renewing your California mortgage broker and/or lender bond