SURETY SOLUTIONS BLOG

Continuing Education Requirements For Mortgage Licensees

By Crystal Ignatowski on Nov 16, 2016 10:30:00 AM in

Mortgage Bonds

  It’s that time of year again. The weight of completing your continuing education courses to maintain your mortgage license weighs heavy on your shoulders. If this is you, you are not alone. We’ve compiled this list of resources and information to help you complete your continuing education ...

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Idaho Appraisal Management Companies Need 25k Bond

By Crystal Ignatowski on Aug 9, 2016 1:55:25 PM in

Mortgage Bonds

    In March, Idaho Governor signed Senate Bill 1318 into law. This law pertains to appraisal management companies (AMCs) in Idaho and states AMCs must submit a $25,000 surety bond to the Idaho Bureau of Occupational Licenses – Real Estate Appraisal Board to become licensed in the state. Appraisal ...

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How To Get A Puerto Rico Mortgage Broker License And Bond

By Rick Marsland on Aug 4, 2016 11:23:40 AM in

Mortgage Bonds

  Before you start negotiating mortgage loans in Puerto Rico, make sure you go through the correct process of obtaining your license and bond.  Navigating the licensing process can be a little tricky, but we can help.  ...

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Oklahoma Increases Amount For Public Adjuster Bond

By Crystal Ignatowski on May 10, 2016 10:30:00 AM in

Mortgage Bonds

  The New Surety Bond Amount   All public adjuster professionals in Oklahoma now have to pay more for their surety bond. On November 1, 2015, Senate Bill 439 is set to increase the required public adjuster bond amount from $10,000 to $25,000....

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How To Become A Loan Officer In Colorado

By Jud Webre on Jan 1, 2016 2:07:00 PM in

Mortgage Bonds

What is a Mortgage Loan Officer? A Mortgage Loan Officer or “mortgage loan originator” is an organization or individual that works with a borrower to carry out a mortgage transaction. A mortgage loan officer is the original mortgage lender that can be either a mortgage broker or a mortgage banker. ...

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What Percentage Of Ownership Triggers An Indemnity Requirement For My Mortgage Bond?

By Duke Revard on Nov 18, 2015 4:11:00 AM in

Mortgage Bonds

  When you get a mortgage, you enter into an agreement that states that you'll pay for this loan. The agreement is with the lenders who allow you to purchase a property without owning it in its entirety. However, if you cannot pay back the loan, these lenders may suffer financial consequences. An ...

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When Is Collateral Required For A Mortgage Bond?

By Duke Revard on Nov 16, 2015 4:10:00 AM in

Mortgage Bonds

  A mortgage is a huge investment, the largest that most individuals will ever make. Managing mortgage decisions and funds is a role that needs to be done properly and with a strong sense of responsibility. If you are a professional who is working in the mortgage industry, you will likely require a ...

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What Is The Difference Between A State Recovery Fund Vs. A Mortgage Bond?

By Duke Revard on Oct 16, 2015 5:08:00 AM in

Mortgage Bonds

    When you're looking into mortgage bonds, you might run across the term "recovery fund." How is a recovery fund different from a mortgage bond? Can you choose between them? While some states provide the option of contributing to a recovery fund, in most states a mortgage bond is your way of ...

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Why Is An Indemnity Agreement Required With My Mortgage Bond?

By Duke Revard on Oct 16, 2015 5:01:00 AM in

Mortgage Bonds

  When you're seeking a surety bond, you need to provide your surety company with information about your financial history. This allows the surety company to help determine your bond rate and find you the bonds that you require. As you acquire a bond, you also need to sign a contract that states ...

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Why does my spouse have to sign for my mortgage bond?

By Duke Revard on Oct 14, 2015 4:52:00 AM in

Mortgage Bonds

    When people get married, they may choose to share a home and make joint decisions about that home. They may create joint investment portfolios and incur debts together or separately. Even if you incur a debt or make an investment separately from your spouse, those responsibilities and benefits ...

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