# Financial Services and Lenders: compliance stack Lenders, mortgage originators, and money services businesses carry three layers of compliance at once: the state license that lets them operate, the surety bond a regulator may require to hold the license, and the insurance program that covers the operation. Here is how the three fit together. ## License: Lending Licensing State lending licenses for consumer and commercial lenders, where the activity and state require one. Provided by Cornerstone Licensing: https://cornerstonelicensing.com/lending-licensing ## License: Mortgage Licensing Mortgage company and originator licensing across the states you lend in. Provided by Cornerstone Licensing: https://cornerstonelicensing.com/mortgage-licensing ## License: Money Transmitter License Money transmitter and money services business licensing where you move or hold customer funds. Provided by Cornerstone Licensing: https://cornerstonelicensing.com/money-transmitter-license ## Surety bond: Mortgage Banker Bonds NMLS electronic surety bonds filed against mortgage licenses in states that require them. Mortgage banker bonds are NMLS-filed Electronic Surety Bonds (ESBs) required of companies that originate and fund residential mortgage loans with their own capital. Provided by Cornerstone Surety Bonds: https://cornerstonesuretybonds.com/bonds/nmls/mortgage-banker ## Surety bond: Money Transmitter Bond Money transmitter bonds posted to satisfy a state money services license condition. The money transmitter bond is the surety bond posted as a condition of an MSB or money transmitter license. It is the bond that backstops a transmitter's obligations to consumers and the state. It is NOT the same as the money transmitter license itself, which Cornerstone Licensing handles on the Licensing side. Provided by Cornerstone Surety Bonds: https://cornerstonesuretybonds.com/bonds/additional/money-transmitter-bond ## Insurance: Insurance for Financial Services & Lenders Professional liability, cyber, crime, and directors and officers coverage tuned to regulated financial exposure. A coverage stack built for licensed lenders, mortgage originators, MSBs, and the firms supporting them. Provided by Covered by Cornerstone: https://coveredbycornerstone.com/insurance/industries/financial-services Requirements vary by state and activity. The license and bond pieces apply where your activity and jurisdiction require them.