Mortgage banker bonds are required by the state in which the lender wishes to operate. Some bonding companies consider mortgage banker bonds a greater risk than mortgage broker bonds, as they are lending the assets for loan.
Perspective homeowners know understanding homeownership lingo can be an all-consuming job in itself. Buyers have to navigate through terms such as FHA, escrow and adjustable rate mortgages, on top of finding their dream home. While many choose to lead the effort on their own, some prefer to have …
Read more
What many do not know is that not everyone qualifies for surety bond backing. Learn what you can do to ensure you qualify for the bond type and amount you are in need of.
Read more