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Mortgage Broker Bond

A mortgage broker bond guarantees the brokers license, which mandates that he or she will abide by the laws, rules, and regulations required under the mortgage broker licensure code. Each state has their own laws and as such, each state provides its own mortgage bonds form.

A mortgage broker bond is required by the state in which a mortgage broker operates. Mortgage broker bond guarantees the broker's license, which mandates that he or she will abide by the laws, rules, and regulations required under the mortgage broker licensure code. Each state has their own laws and as such, each state provides its own mortgage bonds form.

Just as recent as August 2007 Mortgage Broker Surety Bonds were being written at excellent rates for those who qualify. Since that time the market has significantly hardened against mortgage brokers. Because of this there are plenty of sureties that are no longer offering competitive rates, while others that are competitive are unable to write mortgage broker bonds in all 50 states due to certain "high-risk" bond language on the states bond form. It is for this reason that it is important to work with an agency that understand the current mortgage broker bond market. Lakhani can write mortgage bonds in all 50 states, regardless of credit history. In fact we have access to an exclusive market in several states that can save applicants considerable money.

Our agency is appointed with several large carriers that allows use to offer several exclusive bond programs that can suit the needs of almost any mortgage broker, regardless of credit. We even have programs that allow us to bond clients with bankruptcies at rates lower then anyone else; no collateral required.

name:    (required)
email:    (required)
residence address:   
residence phone:   
cell:   
business name:   
business address:   
business phone:   
fax:   
owner's name:   
percentage of ownership:   
years in business:   
years experience in field:   
type of bond requested:   
bond amount:   
license number:   
social security number:   
marital status:    married single divorced
spouse's name:    (if applicable)
driver's license number:   
Do you own real estate?    yes no
Do you own a business?    yes no
annual receipts / sales:    (estimated)
 
Has the applicant, stockholder or indemnitor ever:
been cancelled by a surety?    yes no
had a bond claim?    yes no
declared bankruptcy?    yes no
had or have prior or pending tax liens?    yes no
had or have prior or pending lawsuits?    yes no
been convicted of a felony?    yes no

 
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