Florida $10,000 Mortgage Broker Bond

These Mortgage Broker Bonds are required by Mortgage Brokerage Business, Mortgage Lenders and Correspondent Lenders. Here are some of there licensing requirement and Mortgage Bond requirements. Please always check with the state for rules and regulations.

MBB: Mortgage Brokerage Business

The primary location (main office) of a business whose brokering business of mortgage loans is done by licensed mortgage brokers. The business is authorized to solicit mortgage loans on behalf of a borrower, to accept an application, and to negotiate terms and conditions of a mortgage loan on behalf of a lender.

MBBB: Mortgage Brokerage Business Branch

Any subsequent location of a mortgage business (other than the main office) that is also conducting mortgage business on real estate located in the state of Florida.

If you are a Correspondent Lender in order to obtain your license you may need a $10,000 Correspondent Lender Bond for the state of Florida Mortgage Bond form application number OFR-ML-444 . License Type CL. There is also a Mortgage Surety Bond if you are a Mortgage Lender that Mortgage Bond Amount is $10,000 Mortgage Bond form application number OFR-ML-444 License Type ML. Please always check with the state for rules and regulations.

Applying for a Surety Bond in this case a Florida $10,000 Correspondent Lender Bond or $10,000 Florida Mortgage Lender bond it is just like applying for a unsecured loan. The Surety will review credit and financials to determine a rate and terms, but don’t worry we have programs that will be able to help you get your Mortgage Broker Bond in almost all situations with out collateral! Apply for a Mortgage Broker Bond today.

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Florida Contractor License Surety Bond ($50,000)

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Florida Mortgage Correspondent / Lender ($25,000)

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