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West Virginia mortgage and lending surety bonds
West Virginia Mortgage License Bonds
West Virginia mortgage lenders, mortgage brokers, table-funded mortgage brokers, mortgage loan originators, regulated consumer lenders, exempt company registrations, lender-servicers, and related mortgage businesses may need an electronic surety bond for licensing with the West Virginia Division of Financial Institutions. Jet Insurance Company helps West Virginia mortgage and lending professionals quote, purchase, renew, replace, and manage the bond required for their West Virginia license or NMLS filing.
Use this page to compare West Virginia Mortgage Lender, Mortgage Broker, Table-Funded Mortgage Broker, Mortgage Loan Originator, Regulated Consumer Lender, Exempt Company Registration, Lender-Servicer, and Mortgage Broker, Lender and/or Servicer bond requirements, view Jet pricing, and get filing support for your West Virginia mortgage license.
Need help? Call (855) 516-3348 or email [email protected].
Last updated: July 2026. West Virginia mortgage and regulated consumer lender bond requirements can change. Confirm the final license type, West Virginia loan originations, servicing activity, table-funding activity, MLO sponsorship, NMLS record, bond amount, and West Virginia Division of Financial Institutions checklist before filing.
West Virginia Mortgage Bond Quick Answers
Which bonds are covered?
This page covers West Virginia Mortgage Lender Bonds, Mortgage Broker Bonds, Table-Funded Mortgage Broker Bonds, Mortgage Loan Originator Bond Coverage, Regulated Consumer Lender Bonds, Exempt Company Registration Bonds, Lender-Servicer Bonds, and Mortgage Broker, Lender and/or Servicer Bonds.
Who regulates these licenses?
The West Virginia Division of Financial Institutions regulates mortgage lenders, mortgage brokers, mortgage loan originators, and regulated consumer lenders.
What are the common limits?
West Virginia mortgage lender bonds are $100,000, $150,000, or $250,000. Mortgage broker bonds are $50,000, $75,000, or $100,000. Table-funded mortgage broker bonds are $150,000. Regulated consumer lender bonds are $100,000, $150,000, or $200,000. Lender-servicer bonds are commonly $200,000.
How do I get help?
Call (855) 516-3348 or email [email protected].
Choose Your West Virginia Mortgage License Bond
The correct West Virginia mortgage bond depends on whether the company is applying as a mortgage lender, mortgage broker, table-funded broker, regulated consumer lender, exempt company registration, lender-servicer, or whether the bond is being used to cover mortgage loan originators. West Virginia lender and broker bonds are filed electronically through NMLS and are based on West Virginia annual loan originations.
Mortgage Lender Bond
For West Virginia mortgage lenders licensed under the West Virginia Residential Mortgage Lender, Broker and Servicer Act.
Bond limits: $100,000, $150,000, or $250,000
Amount basis: West Virginia annual loan originations
Starting price: $499 for one year or $50 monthly for the $100,000 bond.
Mortgage Broker Bond
For West Virginia mortgage brokers licensed to broker, arrange, negotiate, or originate mortgage loans under the broker license.
Bond limits: $50,000, $75,000, or $100,000
Amount basis: West Virginia loan originations
Starting price: $249 for one year or $25 monthly for the $50,000 bond.
Table-Funded Mortgage Broker Bond
For West Virginia mortgage brokers that participate in table-funded residential mortgage loans.
Bond limit: $150,000
Requirement note: A broker must have a $150,000 bond before participating in a table-funded residential mortgage loan.
Starting price: $749 for one year or $75 monthly for the $150,000 bond.
Mortgage Lender-Servicer Bond
For West Virginia lender licensees that service West Virginia mortgage loans.
Common bond limit: $200,000
Requirement note: Lender licensees that service West Virginia mortgage loans file a $200,000 bond under the statutory lender bond conditions. Confirm if a higher origination-volume lender tier applies to the specific filing.
Starting price: $999 for one year or $100 monthly for the $200,000 bond.
Regulated Consumer Lender Bond
For West Virginia regulated consumer lenders with mortgage loan originations under Article 4, Chapter 46A.
Bond limits: $100,000, $150,000, or $200,000
Amount basis: West Virginia mortgage loan originations
Starting price: $499 for one year or $50 monthly for the $100,000 bond.
Mortgage Loan Originator Bond Coverage
For West Virginia mortgage loan originators who must be covered by a surety bond.
Common coverage: Covered by the employer’s mortgage lender, mortgage broker, regulated consumer lender, or registered employer bond when eligible
Separate coverage: Confirm the current West Virginia and NMLS checklist if the MLO is not covered by an eligible company bond.
Exempt Company Registration Bond
For entities not licensed as a mortgage lender, mortgage broker, or regulated consumer lender that employ West Virginia licensed mortgage loan originators and elect to register through NMLS to provide bond coverage.
Bond amount: Confirm the appropriate amount based on the West Virginia MLO activity and NMLS checklist
Coverage note: West Virginia law allows such an employer to register with NMLS and provide a surety bond in the appropriate amount for the MLO employed.
Broker, Lender and/or Servicer Bond
For businesses whose West Virginia or NMLS requirement references broader mortgage lender, mortgage broker, mortgage servicer, MLO, regulated consumer lender, table-funded broker, or exempt company coverage.
Common limits: $50,000, $75,000, $100,000, $150,000, $200,000, or $250,000
Starting price: $249 for one year for a $50,000 broker bond or $499 for one year for a $100,000 lender bond.
Important: West Virginia lender and broker bonds are electronic surety bonds filed through NMLS. Mortgage lender bonds are $100,000, $150,000, or $250,000 based on West Virginia annual loan originations. Mortgage broker bonds are $50,000, $75,000, or $100,000 based on West Virginia loan originations. Brokers participating in table-funded residential mortgage loans need a $150,000 bond. Regulated consumer lender bonds are $100,000, $150,000, or $200,000 based on West Virginia mortgage loan originations.
West Virginia Mortgage License Bond Pricing
Jet pricing below follows the same mortgage bond pricing method used on the other state pages, with a $79 minimum one-year premium. The one-year price is generally 0.5% of the bond limit. If the calculated one-year price ends in zero, Jet subtracts $1 before calculating multi-year options. The two-year price is 1.75 times the one-year price, and the three-year price is 2.5 times the one-year price. Monthly pricing is 10% of the one-year price, rounded when needed.
| Bond Limit | Common West Virginia Use | Monthly | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|
| $50,000 | Mortgage Broker Bond lowest tier | $25 | $249 | $436 | $623 |
| $75,000 | Mortgage Broker Bond middle tier | $38 | $375 | $656 | $938 |
| $100,000 | Mortgage Lender Bond lowest tier, Mortgage Broker Bond highest tier, or Regulated Consumer Lender Bond lowest tier | $50 | $499 | $873 | $1,248 |
| $150,000 | Mortgage Lender middle tier, Regulated Consumer Lender middle tier, or table-funded Mortgage Broker Bond | $75 | $749 | $1,311 | $1,873 |
| $200,000 | Regulated Consumer Lender highest tier or lender-servicer bond | $100 | $999 | $1,748 | $2,498 |
| $250,000 | Mortgage Lender Bond highest tier | $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, license type, West Virginia loan originations, servicing activity, table-funding activity, NMLS filing status, MLO sponsorship, and West Virginia Division of Financial Institutions requirements.
Get West Virginia Mortgage Bond Pricing
Start a quote online and select the West Virginia bond that matches your license or NMLS checklist. Jet can help confirm whether you need a Mortgage Lender Bond, Mortgage Broker Bond, Table-Funded Mortgage Broker Bond, Mortgage Loan Originator coverage, Regulated Consumer Lender Bond, Exempt Company Registration Bond, Lender-Servicer Bond, or Mortgage Broker, Lender and/or Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
West Virginia Mortgage Bond Requirements
West Virginia requires mortgage lender and mortgage broker applicants to file an electronic surety bond through NMLS. The bond is in favor of the State of West Virginia for the benefit of consumers, or for claims by the commissioner for unpaid civil administrative penalties or unpaid examination invoices. The bond must be issued by a surety company authorized to do business in West Virginia.
Mortgage loan originators must also be covered by a surety bond. If the MLO is an employee or exclusive agent of a person subject to the SAFE Mortgage Licensing Act, the Residential Mortgage Lender, Broker and Servicer Act, or the regulated consumer lender law, the employer’s bond may be used in place of the MLO’s individual bond requirement.
| West Virginia License or Authority | Bond Amount | How the Requirement Works | Quote |
|---|---|---|---|
| Mortgage Lender License | $100,000, $150,000, or $250,000 | Required for West Virginia mortgage lenders. Amount is based on West Virginia annual loan originations. | Get Quote |
| Mortgage Broker License | $50,000, $75,000, or $100,000 | Required for West Virginia mortgage brokers. Amount is based on West Virginia loan originations. | Get Quote |
| Table-Funded Mortgage Broker | $150,000 | A mortgage broker must have a $150,000 bond before participating in a table-funded residential mortgage loan. | Get Quote |
| Lender Licensee Servicing West Virginia Mortgage Loans | $200,000 | A lender licensee that services West Virginia mortgage loans files a $200,000 bond under the same statutory conditions. Confirm if the licensee’s origination volume or checklist requires a different final treatment. | Get Help |
| Regulated Consumer Lender License | $100,000, $150,000, or $200,000 | Required for regulated consumer lenders. Amount is based on West Virginia mortgage loan originations. | Get Quote |
| Mortgage Loan Originator Coverage | Covered by the applicable lender, broker, regulated consumer lender, or registered employer bond when eligible | Each MLO must be covered by a surety bond. Employer coverage may satisfy the requirement when the MLO is an employee or exclusive agent. | Get Help |
| Exempt Company Registration or MLO Employer Registration | Confirm current NMLS checklist | An employer not licensed as a mortgage lender, broker, or regulated consumer lender may elect to register through NMLS and provide a surety bond in the appropriate amount for employed MLOs. | Get Help |
| Mortgage Broker, Lender and/or Servicer | $50,000 to $250,000 depending on license type and activity | Use the West Virginia bond amount that matches the lender, broker, table-funded broker, servicer, MLO, regulated consumer lender, or exempt company requirement. | Get Quote |
Filing note: West Virginia lender and broker bonds are filed electronically through NMLS. Confirm the legal name, NMLS ID, license type, bond amount, West Virginia loan originations, servicing status, table-funding activity, MLO sponsorship, effective date, and Division of Financial Institutions checklist before ordering.
West Virginia Mortgage Bond Amounts
West Virginia uses separate bond schedules for mortgage lenders, mortgage brokers, and regulated consumer lenders. MLO coverage is tied to the applicable employer bond when eligible.
Mortgage Lender Bond Amounts
| West Virginia Annual Loan Originations | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| $0 to $3,000,000 | $100,000 | $50 | $499 |
| Greater than $3,000,000 and up to $10,000,000 | $150,000 | $75 | $749 |
| Over $10,000,000 | $250,000 | $125 | $1,249 |
| Lender licensee servicing West Virginia mortgage loans | $200,000 | $100 | $999 |
Mortgage Broker Bond Amounts
| West Virginia Loan Originations | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| $0 to $3,000,000 | $50,000 | $25 | $249 |
| Greater than $3,000,000 and up to $10,000,000 | $75,000 | $38 | $375 |
| Over $10,000,000 | $100,000 | $50 | $499 |
| Table-funded residential mortgage loan participation | $150,000 | $75 | $749 |
Regulated Consumer Lender Bond Amounts
| West Virginia Mortgage Loan Originations | Required Bond Amount | Jet Monthly Price | Jet 1-Year Price |
|---|---|---|---|
| $0 to $3,000,000 | $100,000 | $50 | $499 |
| Greater than $3,000,000 and up to $10,000,000 | $150,000 | $75 | $749 |
| Over $10,000,000 | $200,000 | $100 | $999 |
Volume note: West Virginia mortgage lender and broker bond amounts use West Virginia annual loan originations. Regulated consumer lender bond amounts use West Virginia mortgage loan originations. Confirm how West Virginia wants new applicants, renewals, and affiliated companies to calculate or report volume before ordering.
West Virginia Mortgage Lender Bond
The West Virginia Mortgage Lender Bond applies to mortgage lenders licensed under the West Virginia Residential Mortgage Lender, Broker and Servicer Act. The bond is filed electronically through NMLS and is in favor of the State of West Virginia for the benefit of consumers, or for certain claims by the commissioner.
License Type
West Virginia Mortgage Lender License.
Bond Limits
$100,000, $150,000, or $250,000 based on West Virginia annual loan originations.
Starting Price
$499 for one year or $50 monthly for the $100,000 bond.
Use this option when the West Virginia or NMLS checklist references Mortgage Lender License, lender bond, residential mortgage lending, making mortgage loans, purchasing mortgage loans, accepting mortgage loans, or a $100,000, $150,000, or $250,000 bond.
West Virginia Mortgage Broker Bond
The West Virginia Mortgage Broker Bond applies to mortgage brokers licensed under the West Virginia Residential Mortgage Lender, Broker and Servicer Act. The bond is filed electronically through NMLS and is based on West Virginia loan originations.
License Type
West Virginia Mortgage Broker License.
Bond Limits
$50,000, $75,000, or $100,000 based on West Virginia loan originations.
Starting Price
$249 for one year or $25 monthly for the $50,000 bond.
Use this option when the West Virginia or NMLS checklist references Mortgage Broker License, broker bond, brokering mortgage loans, arranging mortgage loans, processing, negotiating, table funding review, or a $50,000, $75,000, or $100,000 bond.
West Virginia Table-Funded Mortgage Broker Bond
West Virginia requires a mortgage broker to have a $150,000 bond before participating in a table-funded residential mortgage loan. This is a separate trigger from the broker’s normal volume-based $50,000, $75,000, or $100,000 schedule.
Activity Type
Table-funded residential mortgage loan participation.
Bond Limit
$150,000.
Jet Pricing
$749 for one year, $75 monthly, $1,311 for two years, or $1,873 for three years.
Use this option when the West Virginia or NMLS checklist references table-funded residential mortgage loans, table funding, broker table funding authority, or a required $150,000 broker bond.
West Virginia Mortgage Lender-Servicer Bond
West Virginia lender licensees that service West Virginia mortgage loans must file a bond under the same statutory conditions listed for mortgage lender bonds in the amount of $200,000. Confirm the current NMLS checklist if the company both originates and services West Virginia mortgage loans, especially if the origination-volume lender tier is higher than $200,000.
Activity Type
West Virginia mortgage lender licensee servicing West Virginia mortgage loans.
Common Bond Limit
$200,000.
Jet Pricing
$999 for one year, $100 monthly, $1,748 for two years, or $2,498 for three years.
Use this option when the West Virginia or NMLS checklist references mortgage servicing, lender-servicer, servicing West Virginia mortgage loans, lender licensee servicing, or a $200,000 servicer-related bond.
West Virginia Regulated Consumer Lender Bond
The West Virginia Regulated Consumer Lender Bond applies to regulated consumer lenders under Chapter 46A, Article 4. The required bond amount is based on West Virginia mortgage loan originations and is in favor of the State of West Virginia for the benefit of consumers, or for claims by the commissioner for unpaid civil administrative penalties or unpaid examination invoices.
License Type
West Virginia Regulated Consumer Lender License.
Bond Limits
$100,000, $150,000, or $200,000 based on West Virginia mortgage loan originations.
Starting Price
$499 for one year or $50 monthly for the $100,000 bond.
Use this option when the West Virginia or NMLS checklist references Regulated Consumer Lender, Chapter 46A, consumer lending, mortgage loan originations, RCL bond, or $100,000, $150,000, or $200,000 bond coverage.
West Virginia Mortgage Loan Originator Bond Coverage
West Virginia mortgage loan originators must be covered by a surety bond. When the MLO is an employee or exclusive agent of a mortgage lender, mortgage broker, regulated consumer lender, or other registered employer that provides bond coverage, that employer’s bond may be used in place of an individual MLO bond requirement.
License Type
West Virginia Mortgage Loan Originator License.
Common Coverage
Covered by employer’s lender, broker, regulated consumer lender, or registered employer bond when eligible.
Checklist Review
Confirm separate bond needs if the MLO is not covered by an eligible employer bond.
Use this option when the West Virginia or NMLS checklist references MLO bond, mortgage loan originator surety bond, company MLO coverage, employer bond coverage, or exempt company MLO coverage.
West Virginia Exempt Company Registration Bond
West Virginia law allows a person that is not subject to licensing as a mortgage lender, mortgage broker, or regulated consumer lender, but that employs a West Virginia licensed mortgage loan originator, to elect to register with NMLS and provide a surety bond in the appropriate amount for the MLO employed.
The final bond amount for an exempt company or MLO employer registration should be confirmed against the current NMLS checklist and the activity that requires the MLO coverage. Jet can help review whether the applicable schedule is tied to lender, broker, regulated consumer lender, or another West Virginia bond treatment.
Registration Type
West Virginia Exempt Company Registration or MLO employer registration.
Bond Amount
Confirm current NMLS checklist and applicable MLO activity.
Jet Help
Jet can help confirm the bond title, amount, obligee language, and filing method before issuance.
Use this option when the West Virginia or NMLS checklist references exempt company registration, employer registration, MLO employer bond, company MLO coverage, or a registered employer bond.
West Virginia Mortgage Broker, Lender and/or Servicer Bond
The West Virginia Mortgage Broker, Lender and/or Servicer Bond option is for businesses whose West Virginia DFI or NMLS requirement references broader mortgage lender, mortgage broker, mortgage servicer, lender-servicer, MLO coverage, regulated consumer lender, table-funded broker, exempt company, or combined mortgage activity.
Authority Type
West Virginia mortgage lender, mortgage broker, lender-servicer, MLO sponsor, regulated consumer lender, table-funded broker, or exempt company coverage.
Common Bond Limits
$50,000, $75,000, $100,000, $150,000, $200,000, or $250,000.
Starting Price
$249 for one year for a $50,000 broker bond or $499 for one year for a $100,000 lender bond.
Use this option when the West Virginia or NMLS requirement references mortgage broker, mortgage lender, mortgage servicer, lender-servicer, MLO coverage, regulated consumer lender, table-funded broker, exempt company, or combined mortgage activity rather than a narrower bond title.
West Virginia Mortgage Bond Comparison
West Virginia mortgage and lending bond requirements depend on license type, West Virginia loan originations, table-funded broker activity, servicing activity, and whether the bond covers mortgage loan originators.
| Requirement | Regulator | Bond Amount | Main Filing Point |
|---|---|---|---|
| Mortgage Lender Bond | West Virginia Division of Financial Institutions | $100,000, $150,000, or $250,000 | NMLS Electronic Surety Bond |
| Mortgage Broker Bond | West Virginia Division of Financial Institutions | $50,000, $75,000, or $100,000 | NMLS Electronic Surety Bond |
| Table-Funded Mortgage Broker Bond | West Virginia Division of Financial Institutions | $150,000 | NMLS Electronic Surety Bond or bond rider |
| Lender-Servicer Bond | West Virginia Division of Financial Institutions | $200,000, subject to checklist review | NMLS Electronic Surety Bond or DFI checklist |
| Regulated Consumer Lender Bond | West Virginia Division of Financial Institutions | $100,000, $150,000, or $200,000 | NMLS or DFI license record |
| Mortgage Loan Originator Coverage | West Virginia Division of Financial Institutions | Covered by eligible employer bond when applicable | NMLS MLO record and sponsorship |
| Exempt Company Registration Bond | West Virginia Division of Financial Institutions | Confirm current NMLS checklist | NMLS registration record |
How West Virginia Mortgage Bond Quotes Work
1
Confirm the West Virginia License
Identify whether the checklist references Mortgage Lender, Mortgage Broker, Table-Funded Broker, Lender-Servicer, Regulated Consumer Lender, MLO Coverage, Exempt Company Registration, or combined mortgage authority.
2
Confirm the Bond Amount
Use the West Virginia lender, broker, regulated consumer lender, table-funded broker, servicer, or MLO coverage amount that matches the license type and West Virginia loan originations.
3
Grant ESB Access and File
For NMLS electronic surety bonds, grant Jet access in NMLS so the bond or rider can be issued electronically for the West Virginia filing.
Need a West Virginia Mortgage License Bond?
Jet can help you choose the correct West Virginia Mortgage Lender Bond, Mortgage Broker Bond, Table-Funded Mortgage Broker Bond, Mortgage Loan Originator coverage, Regulated Consumer Lender Bond, Exempt Company Registration Bond, Lender-Servicer Bond, or Mortgage Broker, Lender and/or Servicer Bond, review pricing, and issue the bond for your license filing.
West Virginia mortgage bond pricing starts at $249 for one year for a $50,000 Mortgage Broker Bond, $499 for one year for a $100,000 Mortgage Lender or Regulated Consumer Lender Bond, $749 for one year for a $150,000 Table-Funded Mortgage Broker Bond, and $999 for one year for a $200,000 Lender-Servicer Bond.
Questions? Call (855) 516-3348 or email [email protected].
How Are West Virginia Mortgage Bonds Filed?
West Virginia mortgage lender and mortgage broker bonds are filed electronically through NMLS. The bond should match the legal name, NMLS ID, license type, bond amount, effective date, West Virginia loan originations, servicing status, table-funded broker activity, MLO sponsorship, and current West Virginia DFI checklist.
For MLO coverage, confirm whether the MLO is covered by an employer’s lender, broker, regulated consumer lender, or registered employer bond before purchasing separate coverage.
NMLS ESB Filing
West Virginia mortgage lender and mortgage broker bonds are electronic surety bonds filed through NMLS.
MLO Coverage
Employer bond coverage may satisfy the MLO bond requirement when the MLO is an employee or exclusive agent of an eligible company.
Bond Changes
Contact Jet before changing the legal name, DBA, NMLS ID, license type, bond amount, servicing activity, table funding, loan volume, or MLO sponsorship.
West Virginia Mortgage Bond Renewals, Changes, and Cancellations
Renewing Your Bond
Review the bond before renewal to confirm the legal name, NMLS ID, license type, West Virginia loan originations, servicing status, table funding, MLO sponsorship, and required bond amount.
Changing the Bond
A bond rider or replacement bond may be needed if the legal name, DBA, NMLS record, license type, West Virginia loan originations, regulated consumer lender activity, servicing activity, or table funding changes.
Cancelling or Replacing Your Bond
Do not cancel a required West Virginia mortgage or regulated consumer lender bond until replacement coverage is accepted or the Division confirms the license or registration no longer requires coverage.
What Does a West Virginia Mortgage License Bond Cover?
A West Virginia mortgage lender, mortgage broker, or regulated consumer lender bond is in favor of the State of West Virginia for the benefit of consumers, or for a claim by the commissioner for an unpaid civil administrative penalty or unpaid examination invoice. If a consumer restitution claim is pending when the commissioner makes a claim for a civil administrative penalty or unpaid examination invoice, the consumer claim must be resolved before payments are made for the penalty or invoice.
A West Virginia MLO bond coverage requirement protects consumers and supports compliance with the West Virginia SAFE Mortgage Licensing Act. Employer bond coverage may satisfy the MLO requirement when the MLO is an employee or exclusive agent of an eligible licensed or registered entity.
The bond is not insurance for the bonded mortgage lender, mortgage broker, regulated consumer lender, lender-servicer, MLO, or exempt company. 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 West Virginia Mortgage Bond Claims
- Maintain continuous bond coverage for the correct West Virginia mortgage lender, mortgage broker, table-funded broker, regulated consumer lender, lender-servicer, MLO, or exempt company requirement.
- Match the bond to the exact legal name, DBA, NMLS ID, license type, required bond amount, effective date, and filing method.
- Use the correct West Virginia annual loan originations to determine the mortgage lender bond amount.
- Use the correct West Virginia loan originations to determine the mortgage broker bond amount.
- Use the correct West Virginia mortgage loan originations to determine the regulated consumer lender bond amount.
- Confirm whether a mortgage broker participates in table-funded residential mortgage loans before selecting a lower broker bond amount.
- Confirm whether a lender licensee services West Virginia mortgage loans before ordering or renewing the bond.
- Confirm whether each MLO is covered by an eligible employer bond before purchasing separate MLO coverage.
- Do not conduct West Virginia mortgage lender, mortgage broker, MLO, regulated consumer lender, or mortgage servicing activity without the correct license, sponsorship, and bond coverage.
- Do not advertise or represent loan terms in a false, misleading, or deceptive way.
- Maintain required loan files, disclosures, annual reports, statistical activity reports, net worth documentation, complaint records, and NMLS filings.
- Pay required per-loan fees, examination invoices, administrative penalties, renewal fees, and NMLS invoices on time.
- Submit renewals, bond riders, license amendments, MLO sponsorship changes, exempt company updates, and NMLS updates on time.
- Contact Jet before cancelling, replacing, increasing, decreasing, or changing the bond.
Want to Know More About Mortgage Bond Processes?
Popular Mortgage License Bond Guides
West Virginia Mortgage License Bond FAQ
What West Virginia mortgage bonds are covered on this page?
This page covers West Virginia Mortgage Lender Bonds, Mortgage Broker Bonds, Table-Funded Mortgage Broker Bonds, Mortgage Loan Originator bond coverage, Regulated Consumer Lender Bonds, Exempt Company Registration Bonds, Lender-Servicer Bonds, and Mortgage Broker, Lender and/or Servicer Bonds.
What is the West Virginia Mortgage Lender Bond amount?
The West Virginia Mortgage Lender Bond amount is $100,000, $150,000, or $250,000 based on West Virginia annual loan originations.
How much does a West Virginia Mortgage Lender Bond cost?
Jet pricing starts at $499 for one year or $50 monthly for the $100,000 West Virginia Mortgage Lender Bond.
What is the West Virginia Mortgage Broker Bond amount?
The West Virginia Mortgage Broker Bond amount is $50,000, $75,000, or $100,000 based on West Virginia loan originations.
How much does a West Virginia Mortgage Broker Bond cost?
Jet pricing starts at $249 for one year or $25 monthly for the $50,000 West Virginia Mortgage Broker Bond.
What bond does a West Virginia table-funded mortgage broker need?
A West Virginia mortgage broker must have a $150,000 bond before participating in a table-funded residential mortgage loan.
What is the West Virginia lender-servicer bond amount?
A West Virginia lender licensee that services West Virginia mortgage loans files a $200,000 bond under the statutory lender bond conditions. Confirm the current NMLS checklist if the company also has origination volume that could affect the final filing.
What is the West Virginia Regulated Consumer Lender Bond amount?
The West Virginia Regulated Consumer Lender Bond amount is $100,000, $150,000, or $200,000 based on West Virginia mortgage loan originations.
Does a West Virginia mortgage loan originator need a separate bond?
Not always. Each MLO must be covered by a surety bond, but the employer’s mortgage lender, mortgage broker, regulated consumer lender, or registered employer bond may satisfy the MLO bond requirement when the MLO is an employee or exclusive agent of that person.
Are West Virginia mortgage bonds filed through NMLS?
Yes. West Virginia mortgage lender and mortgage broker bonds are filed as electronic surety bonds through NMLS.
Who regulates West Virginia mortgage license bonds?
The West Virginia Division of Financial Institutions regulates West Virginia mortgage lenders, mortgage brokers, mortgage loan originators, and regulated consumer lenders.
Who should I contact for West Virginia 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 West Virginia mortgage or regulated consumer lender bond.
Get the West Virginia Mortgage Bond Required for Your License
Start by choosing the West Virginia bond that matches your license, company record, ESB requirement, West Virginia loan originations, mortgage lender authority, mortgage broker authority, table-funded broker activity, lender-servicer activity, MLO sponsorship, regulated consumer lender activity, exempt company registration, or NMLS checklist. Jet will help with quoting, bond purchase, renewal support, ESB access, and filing guidance when applicable.
West Virginia mortgage bond pricing starts at $249 for one year for a $50,000 Mortgage Broker Bond, $499 for one year for a $100,000 Mortgage Lender or Regulated Consumer Lender Bond, $749 for one year for a $150,000 Table-Funded Mortgage Broker Bond, and $999 for one year for a $200,000 Lender-Servicer Bond.
Call: (855) 516-3348
Email: [email protected]