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Originally Posted by Carl Frankford I had a bankruptcy and I have a credit score in the 500's. I can't find anyone to write my Ohio mortgage broker bond without collateral. Are there any bonding companies willing to write my bond at a reasonable rate with no collateral? |
Carl,
We can write the bond without collateral, due to the volume of mortgage broker bonds our agency writes. We have an agreement with one of sureties that allows our agents to approve this class of business in house, without collateral. In other words, regardless of your credit or past bankruptcies we will have you approved within minutes w/ standard premium rates.
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Originally Posted by servingbonds How much collateral can you come up with? We might be able to help you out if you can offer some collateral or a strong cosigner. |
servingbonds,
We also work with brokers, just be sure to attach a cover letter for any faxed applications or put your contact information in the "Comments" field on the online application. Our agency will never contact your principal, just make sure that we know it is from a broker so we do not contact your principal, thinking it is a direct account.
The online application will give you a quote immediatly upon submitting your application. The quote is 100% accurate, provided the information you input is 100% accurate. Just make sure not to apply online with false information just to obtain a quote, the site records your ip address upon applying and they don't look kindly upon people filling out fake applications.
Mortgage Broker Surety Bond Online Application - The web site will give you the quote.
01-28-2005, 11:55 AM
Bad Credit Mortgage Broker Bond 
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