Mortgage Banker vs Mortgage Broker?

  Mortgage bankers and brokers can both help home buyers secure loans. Both are typically required to secure bonds to guarantee applicable laws are followed. The primary difference between mortgage bankers and brokers is: mortgage bankers work for one financial...

Article

Sales Tax Bonds Explained

  When you’re in business to sell, chances are good that you are required to report and file the applicable sales taxes with your local and state governments. As a guarantee that you will do so, sales tax bonds are...

Article

License Bonds Explained

  It’s common for government agencies to require professionals from different fields to obtain a license bond as a requisite toward licensure. Read on for everything you need to know about license bonds, from the purpose they serve, to how...

Article

Great Mortgage Broker?

  Speed, service and a good deal are in more demand then ever, with interest rates rising and buyers competing to find the homes of their dreams in the locations of their dreams. Refinancing is cooling down, but home purchases...

Article

Your Own Biz? Mortgage Broker!

Homebuyers hear about mortgage brokers from their friends. That’s why great mortgage brokers have big client lists—and relationships with lenders to meet their needs. With competition for housing stiff, buyers need their mortgages fast. Can you do it? First Steps:...

Article

Become a Mortgage Broker: Here’s How!

Record low-interest rates, refinancing and shifting demands for housing contribute to a hopping mortgage business. Here’s how to become a licensed and bonded mortgage broker. What Exactly Is a Mortgage Broker’s Job? A mortgage broker connects people to lenders, finding...

Article

Why Do You Need a Mortgage Broker Bond?

Mortgage broker bonds are required to obtain a mortgage broker license in most states, with the Nationwide Mortgage Licensing System overseeing mortgage broker licensure. But why exactly do you need to purchase a mortgage broker bond? What is their purpose? Mortgage...

Article

Real Estate Agents vs. Mortgage Brokers

Both real estate agents and mortgage brokers work to help buyers purchase physical property. But what are the differences between the two? The two help toward the same goal of obtaining physical property, but mortgage brokers work more on finding...

Article

Colorado Mortgage Loan Originator Bonds

In order to become a licensed and active mortgage loan originator in Colorado, you are required to obtain a surety bond. Mortgage loan originators in Colorado must also be registered with the Nationwide Multistate Licensing System (NMLS), be in good standing with...

Article

California Residential Mortgage Lending Act License Bonds

Any company or individual in the State of California who engages in the business of making residential mortgage loans, to include loan processing and underwriting or servicing residential mortgage loans, for California borrowers is required to obtain a California Residential...

Article