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Alaska Mortgage Servicer bond

Alaska Mortgage Servicer

Alaska requires a $10,000 mortgage servicer bond.

Direct answer

Do I need a mortgage servicer bond in Alaska?

Alaska requires a $10,000 mortgage servicer bond. Licensed mortgage servicers in states that require an ESB at licensing or renewal. Bond amount typically scales with portfolio UPB. Alaska Division of Banking & Securities oversees mortgage requirements in Alaska, including the bond filing.

Alaska Mortgage Servicer bond, answered

How much is a mortgage servicer bond in Alaska?
Alaska requires a $10,000 mortgage servicer bond.
Who needs a Alaska mortgage servicer bond?
Licensed mortgage servicers in states that require an ESB at licensing or renewal. Bond amount typically scales with portfolio UPB.
Who regulates mortgage servicer bonds in Alaska?
Alaska Division of Banking & Securities oversees mortgage requirements in Alaska, including the bond filing.
How do renewals work?
Renews annually alongside the underlying license.
How do I get bonded?
Send NMLS ID and serviced UPB by state Carrier returns a per-state quote with tiered pricing ESB signed in NMLS by the surety

What you will need

  • NMLS Unique Identifier
  • Serviced UPB by state
  • Company financials and owner credit

How to get bonded

  1. Send NMLS ID and serviced UPB by state
  2. Carrier returns a per-state quote with tiered pricing
  3. ESB signed in NMLS by the surety

Regulator: Alaska Division of Banking & Securities

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Mortgage Servicer bond requirements by state