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Mortgage License Bond

W.A. George writes Mortgage License Bonds for New Jersey

We recognize that this industry has undergone extensive regulatory oversight by both the federal and state governments and we want to write the license bonds required for Mortgage Brokers, Lenders, Servicers and Originators. Here is some important information regarding our underwriting and rates related to these bonds. 

mortgage bond new jerseyWe will consider single and aggregate bond requests for Residential Mortgage Brokers in New Jersey up to $150,000 based on the personal credit of the applicants. For your clients that need aggregate lines above $150,000, we will also require signed indemnity along with business and personal financial statements. 

We will also consider single and aggregate bond requests for Residential Mortgage Lenders and Correspondent Residential Mortgage Lenders up to $100,000 based on the personal credit of the applicants. For your clients that need single or aggregate lines above $100,000, we will also require signed indemnity, business and personal financial statements and information on their operation, including internal and financial controls.

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