
What kind of financial info is required for a mortgage broker bond?. And what financial qualifications do I need ?
The financial information varies, depending on which program you fall under. We have programs that can be done on a credit report, while others will require personal financials, business financials or resume, and a credit report. We have no set qualifications, as we have programs available for low to high risk applicants.
However, the state you are obtaining a license in may have financial qualifications. Make sure you meet the state qualifications prior to obtaining your bond, as it is a standard of our industry not to return premium on the first year's premium.
You can obtain a free quote for a mortgage broker bond online at any time.
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