Kansas Mortgage Lender | $100,000 Mortgage Lender Surety Bond

Also known as: mortgage lender bond

Type of Bond

In Kansas, a mortgage lender bond refers to a type of surety bond that is required for individuals or businesses engaged in mortgage lending activities within the state. The mortgage lender bond serves as a financial guarantee that the bonded lender will operate in accordance with the laws, rules, and regulations governing mortgage lending. It is typically required by the Kansas Office of the State Bank Commissioner or a similar regulatory authority. By obtaining a mortgage lender bond, the bonded entity assures that it will comply with licensing requirements, act in accordance with ethical standards, and fulfill its obligations as a mortgage lender. This includes adhering to lending practices, accurately disclosing loan terms, and safeguarding the interests of borrowers. If the bonded mortgage lender fails to fulfill its obligations or violates any regulations related to mortgage lending, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover any resulting damages or losses suffered by borrowers or affected parties. The purpose of the mortgage lender bond is to protect the interests of borrowers and maintain the integrity of the mortgage lending industry. It ensures that licensed lenders operate responsibly, ethically, and in compliance with regulatory requirements. The bond provides a form of recourse for borrowers to seek compensation in case of misconduct, fraudulent practices, or other breaches by the lender. It helps maintain trust and transparency in the mortgage lending sector in Kansas.


Program

The price you'll pay for your $100,000 Mortgage Lender 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 $100,000 Mortgage Lender 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 $100,000 Mortgage Lender 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 Lender Bond Application process.

The Kansas Mortgage Lender Bond amount is currently set at  $100,000.

Obligee Information

An obligee is the entity that is requiring you to have the Mortgage Lender bond.

For your convenience you can view a sample copy of the Kansas Mortgage Lender Bond Form.

Obligee: State Of Kansas Office Of The State Bank Commissioner
Street: 700 Sw Jackson St Suite 300
State: Kansas
Zip: 66603