Minnesota Mortgage Originator | $50,000 Mortgage Originator Surety Bond
Also known as: mortgage originator bond, mortgage broker originator bond
Type of Bond
A Minnesota Mortgage Originator Bond is a state-required surety bond that protects customers who enter into business transactions with licensed mortgage originators against possible financial losses caused by fraudulent activities. The bond is required by Minnesota state law in order for mortgage originators to be licensed. It guarantees that the originator will perform all required tasks and duty associated with mortgage origination, such as the handling of funds, in accordance with state and federal laws. The bond remains in effect indefinitely and protects all parties involved.
Program
The price you'll pay for your $50,000 Mortgage Originator 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 Originator 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 Originator 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 Originator Bond Application process.
The Minnesota Mortgage Originator Bond amount is currently set at $50,000.
Obligee Information
An obligee is the entity that is requiring you to have the Mortgage Originator bond.
For your convenience you can view a sample copy of the Minnesota Mortgage Originator Bond Form.
Obligee: Department Of Commerce Of The State Of Minnesota
Street: 85 7th Place East Ste 500
State: Minnesota
Zip: 55101
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!