Toll Free: (888) 592-6631
|
Mortgage Broker Bond
Apply Online – Obtain a quote for a mortgage broker bond immediately online.*
Description: Mortgage broker bonds (also known as mortgage bonds) are license bonds required by state governments. The bond guarantees the mortgage broker (principal) will operate per the rules and regulations of the state
licensure code. Each state has its own specific set of laws to abide by. Therefore, each state requires a separate bond, stating the penalty amount and precisely what statutes are being guaranteed
by the bond.
Current Market: Mortgage broker bonds are currently being written at excellent rates for those who qualify. In general, rates are less than other license bond types. However, not all bonding
companies are offering lower rates for mortgage brokers. Some of the sureties offering lower rates are not willing to write bonds in all 50 states due to high risk bond language. Therefore, it is
imperative for your surety agent to be familiar with the current markets. Our agency can bond most in all 50 states, even start ups.
Special Programs: Our agency is appointed with some of the largest carriers in the country, allowing us to offer our clients exclusive bond programs. We have a variety of programs to meet the
needs of almost any mortgage broker. Whether you have good or bad credit, we can place the bond for you. We even have programs that enable us to write clients with bankruptcies without collateral at
lower rates than anyone else in the country.
State Specific Information: Read about a specific state's bond requirement, including: bond amount, current markets, bond form language, licensing requirements, and special programs.
*Quotes are given immediately online when possible. Some circumstances require an application to be reviewed by an underwriter.
|
