Colorado Loan Officer | $25,000 Loan Officer Surety Bond
Also known as: loan officer bond
Type of Bond
A Colorado loan officer bond is a type of surety bond that mortgage loan originators must obtain to comply with state laws and regulations. This bond provides financial protection to borrowers and ensures that the loan officer will adhere to their legal and financial obligations during the loan origination process. The bond ensures that the loan officer will comply with all applicable state regulations related to mortgage loans, including properly disclosing all loan terms and fees and following all state and federal lending laws. If the loan officer fails to fulfill their obligations, a claim can be made against the bond to compensate the affected party. The bond amount varies depending on the loan officer's level of experience and other factors, and it must be renewed annually.
Program
The price you'll pay for your $25,000 Loan Officer 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 Loan Officer 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 $25,000 Loan Officer 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 Loan Officer Bond Application process.
The Colorado Loan Officer Bond amount is currently set at $25,000.
Obligee Information
An obligee is the entity that is requiring you to have the Loan Officer bond.
Obligee: State Of Colorado
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!