Louisiana Mortgage Broker | $50,000 Mortgage Broker Surety Bond
Also known as: mortgage broker bond, mortgage lender bond
Type of Bond
A Louisiana mortgage broker bond is a type of surety bond required by the Louisiana Office of Financial Institutions for mortgage brokers operating in Louisiana. The bond serves as a guarantee that the broker will comply with all state and federal laws and regulations governing mortgage lending activities, and will not engage in any fraudulent or unethical practices. The bond amount required by the state of Louisiana varies depending on the volume of business conducted by the broker. If a broker fails to comply with the terms of the bond, a claim can be made against the bond to compensate any harmed parties. The Louisiana mortgage broker bond is intended to protect consumers and ensure that mortgage brokers operate with honesty and integrity in their business practices.
Program
The price you'll pay for your $50,000 Mortgage Broker Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $50,000 Mortgage Broker Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $50,000 Mortgage Broker Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Mortgage Broker Bond Application process.
The Louisiana Mortgage Broker Bond amount is currently set at $50,000.
Obligee Information
An obligee is the entity that is requiring you to have the Mortgage Broker bond.
For your convenience you can view a sample copy of the Louisiana Mortgage Broker Bond Form.
Obligee: Louisiana Office Of Financial Institutions
Street: Po Box 94095
State: Louisiana
Zip: 70804
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!