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Mortgage License Bonds
Initiated in 1994, our Mortgage Program provides surety bonds for Brokers, Bankers/Lenders, Servicers, Correspondent Lenders, and Loan Officers. It’s one of our oldest programs, and its introduction brought more realistic underwriting and more competitive pricing to the mortgage industry. We became and remain a premier source for mortgage bonds as our combination of superior service, underwriting flexibility, and competitive pricing has benefited clients nationwide.
The experience and credit of the business owner(s) are our basic underwriting considerations. Often, no financial information is required for smaller bonds. In many cases, we will not need personal financial information or guarantees. Typically, an underwriting response can be obtained in less than 24 hours!
The landscape of the mortgage industry has changed dramatically in recent years, and in the midst of this turmoil, the underwriting requirements of some bonding companies have changed dramatically as well. Despite these changes, we remain committed to serving you by providing competitive proposals to satisfy your bond needs!
We are affiliate members of the NAMB.
You can begin the process by completing and faxing the appropriate application to us at 434.832.2287 or by giving us a call to discuss your particular situation.
We also have markets to provide coverage for your fidelity (employee dishonesty) needs as may be required by states, lenders, or investors.
Scott Bond Services 800.365.0101
Fax 434.832.2287
Primary Contacts
Cary McFadden 434.832.2111 cmcfadden@scottins.com
Joanna Carson 434.832.2293 jcarson@scottins.com
Steve Dolin 434.832.2198 sdolin@scottins.com
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