Affinity Insurance – Surety Bonds

The bond (not James) you need when you need it.

Specific bonds are required to conduct business in the real estate industry. Mortgage lenders, brokers, servicers and loan originators in most states are required to purchase a surety bond before they can be legally licensed. A realestate broker needs a bond to guarantee the money and property turned over to an agent and/or broker in a real estate transaction are accurately accounted for.  Appraisal management companies are required to post surety bonds as part of the licensing process. In all cases, requirements vary by state, as do rates. A partner with access to bond insurers makes the entire process go smoothly.