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What is a Massachusetts Mortgage Lender Bond?
Mortgage lenders in Massachusetts are required to purchase a surety bond as part of the application process for their business license. This type of insurance protects the public if a mortgage lender breaks licensing laws while operating in MA, including fraud and honoring agreements with consumers.
Do you need a Mortgage Lender Bond?
If you're looking for Massachusetts Mortgage Lender Bond, Swiftbonds is the company to call. We offer competitive rates and have been in business for years. Give us a call today!
Our goal is to provide excellent service with low rates and fast turnaround times. We also work hard to make sure our customers are satisfied with their experience every time they do business with us. It's not just about getting the job done – it's about doing it right!
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Why is the Massachusetts Mortgage 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. Read a Massachusetts Insurance Broker $2,000 Bond.
How does a Massachusetts Mortgage Lender Bond work?
Getting a Massachusetts Mortgage 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. See a Massachusetts License Plate Manufacturer $100,000 Bond.
How much does a Massachusetts Mortgage Lender Bond cost?
Massachusetts Mortgage 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 Massachusetts Mortgage 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. Get a Massachusetts Milk Dealer's License Bond.
How to get your Massachusetts Mortgage Lender Bond?
Would you like to know the first step in getting your Massachusetts Mortgage 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. Need a Massachusetts Mortgage Broker $75,000 Bond.
