The cost of the surety bonds for mortgage brokers, lenders, originators and servicers depending on two factors
(1). Bond Amount
For example, a California mortgage lender / servicer bond is set to be $50,000 for all lenders/servicers. However, in New York, a mortgage loan originator bond ranges from $10,000 to $100,000, depending on the loan amount of the originator.
(2). Your credit score
Your credit score will determine the premium % of the bond amount. This premium % varies between 0.5% and 3% of the bond amount.
For example, a California mortgage broker bond of $50,000 would only cost $375. A $50,000 Texas Mortgage Loan Servicer Bond also costs only $375