Pennsylvania Mortgage Surety Bonds

Part of the mortgage licensing process in Pennsylvania is getting a mortgage surety bond. Lenders, brokers, and servicing companies are all required to purchase a bond for their license classification.

This video will explain what a Pennsylvania mortgage surety bond is, including the bond amounts and how much it will cost to purchase your surety bond.

Plus you will also learn about a couple extra bond requirements Pennsylvania has for lenders, brokers, and services.

Use the timestamps to skip around to the part of the video that matters to you and the license you're applying for.

• 00:22 - Video agenda
• 00:49 - Who is required to get this bond?
• 01:38 - What is a mortgage surety bond?
• 02:09 - What does a mortgage surety bond protect against?
• 02:42 - Examples of mortgage fraud
• 03:20 - What are the bond amounts?
• 03:44 - Mortgage lending company bond amounts
• 04:10 - Mortgage lending company fidelity bond requirement
• 04:30 - Mortgage broker company bond amounts
• 05:01 - Mortgage broker company optional bond requirement
• 05:25 - Mortgage servicer company bond amounts
• 05:53 - Mortgage servicer company fidelity bond requirement
• 06:56 - How is a mortgage surety bond price determined?
• 08:05 - Example prices of a mortgage surety bond
• 08:50 - What happens after you purchase your bond
• 09:17 - Filing your mortgage bond with the NMLS
• 09:32 - Renewing your mortgage surety bond
• 10:17 - Get your specific bond pricing today