Thursday, December 1, 2022 | The Latest Buzz for the Appraisal Industry

How Do Surety Bonds Work for Mortgage Brokers?

BLOG VIEW: A mortgage broker is an intermediary between a business and lenders during the purchase of a commercial or residential property. Like other professionals and entities in the world of finance, mortgage brokers must follow strict rules for ethical practices. To uphold their commitment to honesty and integrity, states require brokers to obtain mortgage broker surety bonds. This quick guide explains what those bonds are, how they work and how a claim against