If you are engaged as a correspondent residential mortgage lender in New Jersey you are required under 17:11C-51 of the State of New Jersey Statutes Amended to file a New Jersey Correspondent Residential Mortgage Lender Bond as a condition of licensure.
Bonds Express offers a New Jersey Correspondent Residential Mortgage Lender Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New Jersey Correspondent Residential Mortgage Lender Bond holds you accountable for your business decisions.
By possessing a New Jersey Correspondent Residential Mortgage Lender Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.