Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 3 of 3
  1. Unregistered Guest

    mississippi surety bond mortgage broker

    I was wondering if you do mortgage broker surety bonds in the state of MS. I will be opening up an office at the end of the year. I have to have a surety bond for 25,000.00. How long does it take to get one and how hard is it to get one. I will be applying for my license at the end of September 2005, but I think before I do that I already have to have the surety bond in place. Also the credit score issue. It is not that my credit itself is bad, but the score is low, due to student loans, etc... It just looks as though a lot is there. Is there any hope of ataining one and when do I need to fill out an app? Thanks for your help.

  2. Join Date
    Jan 2005
    Posts
    755

    We have programs that will have you approved regardless of credit. Average turn around time is only two business days, but it is always a good idea to give yourself extra time just in case.

    MS is a "higher risk state" due to the fact that the bond does not have an aggregate clause. This means that there can be multiple claims up to $25,000 each. We are currently working with a surety to create a program for mortgage brokers with lower credit scores in higher risk states. The program should be up and running by the end of July 2005, I recommend applying sometime around then, as the rates will be dramatically lower then what we can currently offer. It is a program that is exclusive to our agency.

    Apply towards the end of July at: http://www.jwsuretybonds.com/mortbroker.htm

  3. Unregistered Guest

    thank you so much for the info. I will see you in July.

Similar Threads

  1. Mortgage Broker vs, Mortgage Servicer
    By Mr. Bond in forum Mortgage Broker Bonds
    Replies: 0
    Last Post: 11-09-2007, 11:19 AM
  2. Current Surety No Longer Interested In Mortgage Broker BOnds
    By Bond Artist in forum Mortgage Broker Bonds
    Replies: 2
    Last Post: 08-29-2007, 09:50 AM
  3. Replies: 0
    Last Post: 12-16-2005, 12:49 PM
  4. Replies: 0
    Last Post: 12-16-2005, 12:45 PM
  5. Replies: 0
    Last Post: 11-21-2005, 10:18 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.5.0 RC1 PL1