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What is a GA – Mortgage Broker Lender Bond?
Georgia mortgage originators, brokers and lenders are required to post a surety bond on behalf of the Georgia Department of Banking. The exact premium for this bonding requirement will vary based on your specific needs so make sure you check with them first before requesting an accurate quote!
Protect your company with a GA-Mortgage Broker Lender Bond.
Swiftbonds is the leading provider of mortgage broker lender bonds in Georgia. We offer competitive rates and flexible terms to meet your needs. Our team will work closely with you to provide personalized service that meets all of your requirements for bonding.
Contact us today to get started! We’ll be happy to answer any questions you may have about our services, or just give you a quick quote on pricing and coverage options for your business. You can also fill out this form if it’s easier for you, and we’ll contact you as soon as possible!
Get a free quote from Swiftbonds today by filling out this form or contacting us at (913) 214-8344!
What Does a Mortgage Bond Protect Against?
A bond for a mortgage broker or lender ensures they are compliant with the Georgia Residential Mortgage Act and other applicable guidelines. The purpose of this is to protect you as their customer in case any damages result from non-compliance, violation of law, etc., requiring reimbursement by the surety company up to 100% worth of your original investment at time due put down on home purchase.
Why is the Mortgage Broker Lender Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Need a GA – Motor Fuel Distributor Excluding Gasoline Bond.
How does a Mortgage Broker Lender Bond work?
Mortgage Broker Lender Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Find a GA – Motor Carriers C.O.D. $5,000 Bond.
How much does a Mortgage Broker Lender Bond cost?
Mortgage Broker Lender Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Mortgage Broker Lender Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Read a GA – Motor Carriers C.O.D. $2,000 Bond.
How to get your Mortgage Broker Lender Bond?
Would you like to know the first step in getting your Mortgage Broker Lender Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. See a GA – Motor Carrier Fuel Tax Bond.