Michigan Mortgage Loan Originator Bond | Surety Bond
Type of BondMichigan Mortgage Loan Originator Bond is required by The State Of Michigan Office Of Financial And Insurance Regulation to comply with the State licensing requirements. Each state has drafted their own Mortgage Loan Originator Bond Form, so you will need a different Mortgage Loan Originator bond for each state you will be transacting business in.
This may be a problem for other agencies, but not ours. Our Agency is licensed in all 50 States and can handle all Surety Bonds.
Program: Our agency currently has several specialty programs that can help you place your $10,000 Michigan Mortgage Loan Originator Bond.
Michigan Mortgage Loan Originator bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25% .
Always check with the State Of Michigan Office Of Financial And Insurance Regulation "Obligee" for details
Our application process for a $10,000 Mortgage Loan Originator bond is easy. You can either apply online or fill out a pdf application at your leisure.
The Michigan Mortgage Loan Originator Bond amount is currently set at $10,000.
Obligee InformationAn obligee is the entity that is requiring you to have the Mortgage Loan Originator bond.
For your convenience you can view a sample copy of the Michigan Mortgage Loan Originator Bond Form
Obligee address:Obligee: State Of Michigan Office Of Financial And Insurance Regulation Street: State: Zip:
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