Mortgage Broker / Banker (NMLS)
Mortgage Broker / Banker (NMLS) InformationMortgage Brokers are real estate financing experts that help people find and negotiate financing terms for their specific mortgage who are required to obtain a Mortgage Broker Bond. This surety bond is required to ensure compliance with state regulations governing this line of business. These bonds are required by states to protect consumers that are in the process of obtaining mortgages. Our agency has a variety of programs designed to get all types of Mortgage Brokers approved at excellent rates.
Also known as Loan Broker Bonds, Mortgage Loan Originator, and Residential Mortgage Originator Bond.Our agency offers a variety of programs designed to help all types of mortgage bonds get approved quickly, and at excellent rates, in all 50 states.
- 100% Secure Online Application
- Lowest Rates
- Approval Rate Nearly 100% (even for the less than perfect credit applicants)
How much does a Mortgage Broker Bond cost?
How do I get a Mortgage Broker Bond?
Can I get approved for a Mortgage Broker Bond if I have bad credit?
Three party agreement
Surety Bond Definition: The definition of a surety bond is as follows: A surety bond is a binding agreement between three parties. This agreement sets forth a financial guarantee by one party ( “surety” ) to another party ( “obligee” ) that a third party ( “principal” ) will fulfill required obligations to the obligee, and that state, federal, and local laws and applicable regulations will be adhered to. Let’s examine each of the three parties.Learn more about surety bonds
Bad Credit – Fast Approvals – Lowest Rates Available.
- Credit below 650 and/or have blemishes on credit report.
- Average cost is 5-15% of the bond amount.
- Available for all commercial bonds.
Why does credit matter? Applying for a surety bond is similar to applying for a loan. You are asking a surety company to back you financially. Reviewing credit is the best method for the surety to understand their risk. All sureties review credit as a view only and should have no effect on your credit score. While it is true that bad credit makes it harder to obtain a competitive quote, we are committed to making sure all of our customers have access to the best possible rates. While we can’t guarantee that we can provide a bond for the most extreme bad credit situations, we strive to make sure no stone is unturned! In other words, if you are insurable, we will get it written. Contact us today and let us put together an online quote for you that will exceed your expectations.