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What is a Pennsylvania Mortgage Originator Bond?
The Pennsylvania Mortgage Licensing Act requires mortgage originators to furnish a surety bond as part of their license requirements. This is designed to cover them for any violations that may occur during the process, and it's an important safeguard for both lenders and consumers alike.
Do you need a Mortgage Originator Bond?
If you're looking for Pennsylvania Mortgage Originator 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 Pennsylvania Mortgage Originator 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. Here's a Pennsylvania – Uniform Surety Bond – Broker – Dealer / Investment Adviser.
How does a Pennsylvania Mortgage Originator Bond work?
Getting a Pennsylvania Mortgage Originator 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. Read a Pennsylvania Sponsor of Mortgage Originators Bond.
How much does a Pennsylvania Mortgage Originator Bond cost?
Pennsylvania Mortgage Originator 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 Pennsylvania Mortgage Originator 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 Pittsburgh, PA-Street Opening Bond (Water and Sewer) – BLANKET.
How to get your Pennsylvania Mortgage Originator Bond?
Would you like to know the first step in getting your Pennsylvania Mortgage Originator 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. Find a Pittsburgh, PA-Street Opening Bond (Water and Sewer) – Single Project.