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Michigan mortgage license surety bonds
Michigan Mortgage License Bonds
Michigan mortgage brokers, mortgage lenders, mortgage servicers, mortgage loan originators, and sponsoring companies may need a surety bond for licensing with the Michigan Department of Insurance and Financial Services. Jet Insurance Company helps Michigan mortgage professionals quote, purchase, renew, replace, and manage the bond required for their license or NMLS filing.
Use this page to compare Michigan First Mortgage, Second Mortgage, Mortgage Loan Originator, Sponsoring Company, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support for your Michigan mortgage license.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. Michigan mortgage bond requirements can change. Confirm the final license type, bond amount, filing method, and NMLS or Michigan DIFS checklist before filing.
Michigan Mortgage Bond Quick Answers
Which bonds are covered?
This page covers Michigan First Mortgage Broker/Lender Bonds, First Mortgage Broker/Lender/Servicer Bonds, Second Mortgage Broker/Lender Bonds, Second Mortgage Broker/Lender/Servicer Bonds, Mortgage Loan Originator Bonds, and Sponsoring Company MLO Bonds.
Who regulates these licenses?
The Michigan Department of Insurance and Financial Services regulates mortgage brokers, lenders, servicers, and mortgage loan originators.
What are common limits?
Broker/lender bonds are commonly $25,000. Broker/lender/servicer bonds are commonly $125,000. Individual MLO bonds are $10,000, $25,000, or $50,000. Sponsoring company MLO bonds are $50,000, $150,000, or $250,000.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your Michigan Mortgage License Bond
The correct Michigan mortgage bond depends on the license type, whether the company is licensed for first or second mortgage activity, whether servicing authority is included, and whether the bond is for an individual MLO or a sponsoring company. Michigan DIFS regulates first and second mortgage brokers, lenders, and servicers, and mortgage license and renewal filings are handled through NMLS.
First Mortgage Broker/Lender Bond
For Michigan first mortgage broker or first mortgage lender authority without servicer authority.
Common bond limit: $25,000
Jet pricing: $125 for one year, $13 monthly, $219 for two years, or $313 for three years.
First Mortgage Broker/Lender/Servicer Bond
For Michigan first mortgage businesses that include broker, lender, and/or servicer authority.
Common bond limit: $125,000
Jet pricing: $625 for one year, $63 monthly, $1,094 for two years, or $1,563 for three years.
Second Mortgage Broker/Lender Bond
For Michigan second mortgage broker or second mortgage lender authority without servicer authority.
Common bond limit: $25,000
Jet pricing: $125 for one year, $13 monthly, $219 for two years, or $313 for three years.
Second Mortgage Broker/Lender/Servicer Bond
For Michigan second mortgage businesses that include broker, lender, and/or servicer authority.
Common bond limit: $125,000
Jet pricing: $625 for one year, $63 monthly, $1,094 for two years, or $1,563 for three years.
Mortgage Loan Originator Bond
For Michigan mortgage loan originators who are not covered under a sponsoring company bond.
Bond limits: $10,000, $25,000, or $50,000 based on closed mortgage loan volume
Jet pricing: $49 for a $10,000 bond, $95 for a $25,000 bond, or $189 for a $50,000 bond.
Sponsoring Company MLO Bond
For Michigan sponsoring companies that cover employed or exclusive-agent mortgage loan originators under one company bond.
Bond limits: $50,000, $150,000, or $250,000 based on closed or modified mortgage loan volume
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Important: Michigan DIFS says all first mortgage surety bonds, riders, and related items are submitted through the NMLS electronic bond function. DIFS MLO bond forms also include individual and sponsoring company bond paths. Match the bond title, legal name, NMLS ID, effective date, and amount to the current DIFS or NMLS checklist before filing.
Michigan Mortgage License Bond Pricing
Jet pricing below follows the same mortgage bond pricing method used on the other state pages, with special preferred pricing for Michigan individual Mortgage Loan Originator Bonds.
| Bond Limit | Common Michigan Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $10,000 | Individual Mortgage Loan Originator Bond for first-time applicants or low-volume MLOs | $5 | $49 | $86 | $123 |
| $25,000 | Individual Mortgage Loan Originator Bond for mid-volume MLOs | $10 | $95 | $166 | $238 |
| $50,000 | Individual Mortgage Loan Originator Bond for high-volume MLOs | $19 | $189 | $331 | $473 |
| $25,000 | First or second mortgage broker/lender bond | $13 | $125 | $219 | $313 |
| $50,000 | Sponsoring Company MLO Bond for low-volume companies | $25 | $249 | $436 | $623 |
| $125,000 | First or second mortgage broker/lender/servicer bond | $63 | $625 | $1,094 | $1,563 |
| $150,000 | Sponsoring Company MLO Bond for mid-volume companies | $75 | $749 | $1,311 | $1,873 |
| $250,000 | Sponsoring Company MLO Bond for high-volume companies | $125 | $1,249 | $2,186 | $3,123 |
Pricing shown is preferred-tier pricing and may vary based on underwriting approval, bond form, selected term, effective date, final required bond amount, and license requirements.
Get Michigan Mortgage Bond Pricing
Start a quote online and select the Michigan bond that matches your license or NMLS checklist. Jet can help confirm whether you need a First Mortgage Broker/Lender Bond, First Mortgage Broker/Lender/Servicer Bond, Second Mortgage Bond, individual MLO Bond, or Sponsoring Company MLO Bond.
Questions? Call (855) 516-3348 or email [email protected].
Michigan Mortgage Bond Requirements
Michigan mortgage bond requirements depend on the license type, first or second mortgage authority, servicer authority, and MLO sponsorship structure. Individual MLO bonds are based on closed loan volume. Sponsoring company MLO bonds are based on closed or modified mortgage loan volume. Broker/lender and broker/lender/servicer bonds should be matched to the NMLS checklist for the exact Michigan license or registration.
| Michigan License or Authority | Bond Amount | How the Amount Works | Quote |
|---|---|---|---|
| First Mortgage Broker/Lender | Commonly $25,000 | Used for first mortgage broker or lender authority without servicer authority. | Get Quote |
| First Mortgage Broker/Lender/Servicer | Commonly $125,000 | Used when first mortgage authority includes broker, lender, and/or servicer activity. | Get Quote |
| Second Mortgage Broker/Lender | Commonly $25,000 | Used for second mortgage broker or lender authority without servicer authority. | Get Quote |
| Second Mortgage Broker/Lender/Servicer | Commonly $125,000 | Used when second mortgage authority includes broker, lender, and/or servicer activity. | Get Quote |
| Mortgage Loan Originator Individual Bond | $10,000, $25,000, or $50,000 | Based on the MLO’s preceding calendar year closed mortgage loan volume. A first-time applicant uses $10,000. | Get Quote |
| Sponsoring Company MLO Bond | $50,000, $150,000, or $250,000 | Used in lieu of individual MLO bonds when the company covers employees or exclusive agents. The amount is based on company closed or modified mortgage loan volume. | Get Quote |
Filing note: Michigan DIFS states that first mortgage surety bonds, riders, and related items are submitted through the NMLS electronic bond function. Current DIFS/NMLS checklists should be used as the final source for bond form, amount, electronic filing, and any mailing instructions.
Michigan Mortgage Bond Amounts
Michigan uses different bond amounts depending on whether the bond is for a mortgage broker/lender company, a broker/lender/servicer company, an individual mortgage loan originator, or a sponsoring company covering MLOs.
| Michigan Bond Type | Volume or Activity | Required or Common Bond Amount | Jet 1-Year Price |
|---|---|---|---|
| Individual MLO Bond | First-time applicant, no closed loans, or less than $12 million in preceding calendar year closed loans | $10,000 | $49 |
| Individual MLO Bond | $12 million or more and less than $24 million in preceding calendar year closed loans | $25,000 | $95 |
| Individual MLO Bond | $24 million or more in preceding calendar year closed loans | $50,000 | $189 |
| Sponsoring Company MLO Bond | Less than $12 million in preceding calendar year closed or modified loans | $50,000 | $249 |
| Sponsoring Company MLO Bond | $12 million or more and less than $24 million in preceding calendar year closed or modified loans | $150,000 | $749 |
| Sponsoring Company MLO Bond | $24 million or more in preceding calendar year closed or modified loans | $250,000 | $1,249 |
| First or Second Mortgage Broker/Lender Bond | Broker or lender authority without servicer authority | Commonly $25,000 | $125 |
| First or Second Mortgage Broker/Lender/Servicer Bond | Broker, lender, and/or servicer authority | Commonly $125,000 | $625 |
Checklist note: The company bond amounts for broker/lender and broker/lender/servicer authority should be confirmed against the current Michigan NMLS checklist for the exact license or registration.
Michigan First Mortgage Broker/Lender Bond
The Michigan First Mortgage Broker/Lender Bond applies to first mortgage broker or first mortgage lender authority without servicer authority. This bond is commonly $25,000 and should be filed according to the current Michigan DIFS and NMLS instructions.
License Type
Michigan First Mortgage Broker/Lender License or Registration.
Common Bond Limit
$25,000.
Jet Pricing
$125 for one year, $13 monthly, $219 for two years, or $313 for three years.
Use this option when the Michigan or NMLS checklist references first mortgage broker or lender authority without servicing.
Michigan First Mortgage Broker/Lender/Servicer Bond
The Michigan First Mortgage Broker/Lender/Servicer Bond applies when a first mortgage business includes broker, lender, and/or servicer authority. This bond is commonly $125,000 and should be matched to the current NMLS checklist before filing.
License Type
Michigan First Mortgage Broker/Lender/Servicer License or Registration.
Common Bond Limit
$125,000.
Jet Pricing
$625 for one year, $63 monthly, $1,094 for two years, or $1,563 for three years.
Use this option when the Michigan or NMLS checklist references first mortgage servicer authority or combined first mortgage broker, lender, and/or servicer authority.
Get Michigan First Mortgage Broker/Lender/Servicer Bond Quote
Michigan Second Mortgage Broker/Lender Bond
The Michigan Second Mortgage Broker/Lender Bond applies to second mortgage broker or lender authority without servicer authority. This bond is commonly $25,000 and is tied to the Michigan Secondary Mortgage Loan Act framework.
License Type
Michigan Second Mortgage Broker/Lender License or Registration.
Common Bond Limit
$25,000.
Jet Pricing
$125 for one year, $13 monthly, $219 for two years, or $313 for three years.
Use this option when the Michigan or NMLS checklist references second mortgage broker or lender authority without servicing.
Michigan Second Mortgage Broker/Lender/Servicer Bond
The Michigan Second Mortgage Broker/Lender/Servicer Bond applies when a second mortgage business includes broker, lender, and/or servicer authority. This bond is commonly $125,000 and is tied to the Michigan Secondary Mortgage Loan Act framework.
License Type
Michigan Second Mortgage Broker/Lender/Servicer License or Registration.
Common Bond Limit
$125,000.
Jet Pricing
$625 for one year, $63 monthly, $1,094 for two years, or $1,563 for three years.
Use this option when the Michigan or NMLS checklist references second mortgage servicer authority or combined second mortgage broker, lender, and/or servicer authority.
Get Michigan Second Mortgage Broker/Lender/Servicer Bond Quote
Michigan Mortgage Loan Originator Bond
The Michigan Mortgage Loan Originator Bond applies to individual mortgage loan originators who are not covered under a sponsoring company bond. The bond amount is $10,000, $25,000, or $50,000 based on closed mortgage loan volume in the preceding calendar year.
License Type
Michigan Mortgage Loan Originator License.
Bond Limits
$10,000, $25,000, or $50,000 based on closed mortgage loan volume.
Jet Pricing
$49 for the $10,000 bond, $95 for the $25,000 bond, or $189 for the $50,000 bond.
A first-time individual MLO applicant uses a $10,000 bond. Existing MLOs use $10,000 if they closed no loans or less than $12 million in the preceding calendar year, $25,000 if they closed $12 million or more and less than $24 million, and $50,000 if they closed $24 million or more.
Michigan Sponsoring Company MLO Bond
The Michigan Sponsoring Company MLO Bond allows a sponsoring company to cover each mortgage loan originator that it employs or has an exclusive agent agreement with, instead of requiring each MLO to provide an individual bond.
Coverage Type
Company bond covering employed or exclusive-agent Michigan mortgage loan originators.
Bond Limits
$50,000, $150,000, or $250,000 based on company closed or modified mortgage loan volume.
Starting Price
$249 for one year or $25 monthly for the $50,000 bond.
The sponsoring company bond is $50,000 if company closed or modified loan volume is less than $12 million, $150,000 if volume is $12 million or more and less than $24 million, and $250,000 if volume is $24 million or more.
Michigan Mortgage Bond Comparison
Michigan mortgage bond requirements depend on license authority, first or second mortgage activity, servicer authority, and whether MLOs are bonded individually or through a sponsoring company.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| First Mortgage Broker/Lender Bond | Michigan Department of Insurance and Financial Services | Commonly $25,000 | NMLS company license record |
| First Mortgage Broker/Lender/Servicer Bond | Michigan Department of Insurance and Financial Services | Commonly $125,000 | NMLS company license record |
| Second Mortgage Broker/Lender Bond | Michigan Department of Insurance and Financial Services | Commonly $25,000 | NMLS company license record |
| Second Mortgage Broker/Lender/Servicer Bond | Michigan Department of Insurance and Financial Services | Commonly $125,000 | NMLS company license record |
| Individual MLO Bond | Michigan Department of Insurance and Financial Services | $10,000, $25,000, or $50,000 | NMLS MLO license record or DIFS filing instructions |
| Sponsoring Company MLO Bond | Michigan Department of Insurance and Financial Services | $50,000, $150,000, or $250,000 | NMLS company sponsorship record or DIFS filing instructions |
How Michigan Mortgage Bond Quotes Work
1
Confirm the Michigan License
Identify whether the NMLS checklist references first mortgage, second mortgage, broker/lender, broker/lender/servicer, individual MLO, or sponsoring company MLO coverage.
2
Confirm the Bond Amount
Use the amount shown on the current Michigan NMLS checklist or DIFS bond form. MLO and sponsoring company bond amounts depend on closed or modified loan volume.
3
Buy and File
After purchase, Jet provides the bond or filing guidance based on the current Michigan and NMLS process.
Need a Michigan Mortgage License Bond?
Jet can help you choose the correct Michigan First Mortgage Bond, Second Mortgage Bond, Mortgage Loan Originator Bond, Sponsoring Company Bond, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and get the bond issued for licensing.
Michigan mortgage bond pricing starts at $49 for one year for a $10,000 individual MLO bond, $95 for one year for a $25,000 individual MLO bond, $125 for one year for a $25,000 broker/lender bond, and $625 for one year for a $125,000 broker/lender/servicer bond.
Questions? Call (855) 516-3348 or email [email protected].
How Are Michigan Mortgage Bonds Filed?
Michigan mortgage company license and renewal activity is handled through NMLS. DIFS states that first mortgage surety bonds, riders, and related filings are submitted through the NMLS electronic bond function and that original surety bonds, riders, or continuation certificates should not be submitted directly to DIFS for those filings.
Michigan MLO bond forms include individual and sponsoring company bond options and provide mailing instructions on the form. Because Michigan uses NMLS for licensing and bond management, confirm the current NMLS checklist before mailing any original MLO bond document.
NMLS Filing
The bond should match the legal name, NMLS ID, Michigan license record, and required bond amount.
MLO Coverage
Confirm whether MLOs are covered individually or through a sponsoring company bond before purchasing.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, bond amount, license authority, servicer status, or MLO sponsorship.
Michigan Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Michigan first mortgage licenses and registrations expire December 31 and must be renewed by December 15. Review the bond before renewal to confirm the legal name, NMLS ID, license type, MLO coverage, and bond amount remain correct.
Changing the Bond
A bond change may be needed when the company changes its legal name, DBA, NMLS ID, bond amount, mortgage authority, servicer status, or MLO sponsorship structure.
Cancelling or Replacing Your Bond
Michigan MLO bond forms include a 60-day cancellation notice provision. Do not cancel a required Michigan mortgage bond until replacement coverage is accepted or the license or registration no longer requires coverage.
What Does a Michigan Mortgage License Bond Cover?
A Michigan mortgage license bond is designed to protect the public and the state regulator, not the bonded mortgage company or mortgage loan originator. The bond supports compliance with Michigan mortgage broker, lender, servicer, and mortgage loan originator licensing laws.
The Michigan MLO bond forms are for the use of the State or DIFS and for the benefit of persons who may have a cause of action under the applicable Michigan mortgage law. If a bonded licensee or covered MLO violates covered Michigan mortgage laws, regulations, or licensing obligations, a damaged consumer or regulator may seek recovery from the bond.
A surety bond is different from insurance for the bonded party. If Jet pays a valid claim, the bonded principal is responsible for reimbursing Jet for the amount paid and related costs under the indemnity agreement.
How to Avoid Michigan Mortgage Bond Claims
- Maintain continuous bond coverage for the correct Michigan mortgage license, registration, or MLO coverage requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, sponsorship type, and required bond amount.
- Confirm whether the company holds first mortgage, second mortgage, broker, lender, servicer, or combined authority.
- Confirm whether mortgage loan originators are covered by individual bonds or a sponsoring company bond.
- Use the correct loan volume calculation for individual MLO bonds and sponsoring company MLO bonds.
- Do not conduct Michigan mortgage business without the correct license or registration.
- Do not advertise or represent loan terms in a misleading way.
- Do not charge unauthorized or prohibited fees.
- Maintain required books, records, mortgage call reports, renewals, and consumer disclosures.
- Keep company, branch, servicer, sponsorship, and MLO information current in NMLS.
- Contact Jet before cancelling, replacing, or changing the bond.
Want to Know More About Mortgage Bond Processes?
Popular Mortgage License Bond Guides
Michigan Mortgage License Bond FAQ
What Michigan mortgage bonds are covered on this page?
This page covers Michigan First Mortgage Broker/Lender Bonds, First Mortgage Broker/Lender/Servicer Bonds, Second Mortgage Broker/Lender Bonds, Second Mortgage Broker/Lender/Servicer Bonds, individual Mortgage Loan Originator Bonds, and Sponsoring Company MLO Bonds.
What is the Michigan First Mortgage Broker/Lender Bond amount?
The Michigan First Mortgage Broker/Lender Bond is commonly $25,000. Confirm the exact amount on the current Michigan DIFS or NMLS checklist before filing.
What is the Michigan First Mortgage Broker/Lender/Servicer Bond amount?
The Michigan First Mortgage Broker/Lender/Servicer Bond is commonly $125,000. Confirm the exact amount on the current Michigan DIFS or NMLS checklist before filing.
What is the Michigan Mortgage Loan Originator Bond amount?
The individual Michigan Mortgage Loan Originator Bond is $10,000, $25,000, or $50,000. First-time applicants use $10,000. Existing MLOs use the amount based on closed mortgage loan volume in the preceding calendar year.
What is the Michigan Sponsoring Company MLO Bond amount?
The Michigan Sponsoring Company MLO Bond is $50,000, $150,000, or $250,000 based on the company’s closed or modified mortgage loan volume in the preceding calendar year.
How much does a Michigan mortgage bond cost?
Jet pricing starts at $49 for a $10,000 individual MLO bond, $95 for a $25,000 individual MLO bond, $189 for a $50,000 individual MLO bond, $125 for a $25,000 broker/lender bond, and $625 for a $125,000 broker/lender/servicer bond.
Are Michigan mortgage bonds filed through NMLS?
Michigan DIFS says first mortgage surety bonds, riders, and related filings are submitted through the NMLS electronic bond function. MLO forms may include separate instructions, so confirm the current NMLS checklist before filing or mailing any bond.
Does a company bond cover Michigan MLOs?
Yes, Michigan allows a sponsoring company bond to cover each mortgage loan originator the company employs or has an exclusive agent agreement with. The sponsoring company bond is used in lieu of individual MLO bonds when accepted by DIFS.
Who should I contact for Michigan mortgage bond help?
Call Jet at (855) 516-3348, email [email protected], or start a quote online for help choosing, purchasing, renewing, replacing, or changing a Michigan mortgage license bond.
Get the Michigan Mortgage Bond Required for Your License
Start by choosing the Michigan bond that matches your license, registration, MLO coverage, sponsoring company status, servicer authority, or NMLS requirement. Jet will help with quoting, bond purchase, renewal support, and filing guidance when applicable.
Michigan mortgage bond pricing starts at $49 for a $10,000 individual MLO bond, $95 for a $25,000 individual MLO bond, $189 for a $50,000 individual MLO bond, $125 for a $25,000 broker/lender bond, and $625 for a $125,000 broker/lender/servicer bond.
Call: (855) 516-3348
Email: [email protected]