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Connecticut bonds

Connecticut — Mortgage Correspondent Lender - NMLS Bond

This Connecticut mortgage correspondent lender bond route is for the correspondent class in your company request. Keep that designation throughout the application rather than choosing the ordinary lender offering.

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Recorded state
Connecticut
Bond type
Mortgage Lender / Banker Bond
Category
Financial services

What this bond does

Provide security for the correspondent lending duties described in the requested Connecticut form.

Who needs it
Company applicants with a Connecticut mortgage correspondent lender bond request.
Who it protects
The licensing form identifies its recipient and protected obligations; it does not insure the company's mortgage assets.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Keep the correspondent designation

Use the exact correspondent lender class, legal company name and NMLS ID from your request. Explain the funding arrangement without treating the broker or ordinary lender title as equivalent.

Use the correspondent instructions for the sum and filing method. Where an electronic bond is required, complete company signature and delivery tasks after surety preparation.

Sources

Have these ready

  1. Correspondent company name and NMLS ID.
  2. License request and funding description.
  3. Required bond sum and effective date.

Questions about this bond

Can I use the ordinary lender route?

Use the class named in your request. Correspondent lender and lender have separate application routes.

Where does Purchase Now continue?

To Propeller in a new tab for the application. Issuance and delivery follow; the purchase does not approve the correspondent license.

Are amount and term choices listed?

There is one application route without fixed sums or terms displayed. Bring the requirement from your correspondent instructions.

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