Alaska mortgage broker bond is a type of surety bond that mortgage brokers in Alaska are required to obtain as part of their licensing process. This bond serves as a guarantee to the state and to clients that the mortgage broker will follow all applicable laws and regulations in their business operations. The Alaska Division of Banking and Securities requires mortgage brokers to obtain a surety bond in the amount of $25,000 before they can be licensed to conduct business in the state. The bond is intended to protect consumers from any financial losses that may arise from the actions of the mortgage broker, such as fraud, misrepresentation, or other illegal activities. If a consumer believes that a mortgage broker has acted improperly or violated any applicable laws or regulations, they can file a claim against the broker's bond. The surety company that issued the bond will investigate the claim and, if it is found to be valid, will pay out compensation to the consumer up to the full amount of the bond.
The price you'll pay for your $25,000 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 $25,000 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.
The application process for a $25,000 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 Alaska Mortgage Broker Bond amount is currently set at $25,000.
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 Alaska Mortgage Broker Bond Form.
Obligee: State Of Alaska Department Of Commerce Community And Economic Develoment
Street: 550 W 7th Ave Ste 1930
Here are a few state specific bonds.