State Licensed Surety Bonds

Required by most states, a surety bond is a written agreement that usually provides monetary compensation in case the principal fails to perform the acts as promised. As one of the leading writers of surety for the mortgage banking and brokering community, we are able to provide extremely competitive pricing, and quick turnaround service.

In order to process your state licensed surety bond, please fax or overnight the following:

•  Business ownership structure and respective ownership percentage
•  Resumes from all and any owners/officers
•  Copy of Articles of Incorporation/Organization
•  If you are a LLC or Partnership, we will need a copy of the “Operating/Partnership
   Agreement”
•  If Sole Proprietorship, we will require a copy of your 2007 personal tax return, with all
   schedules, and a year-to-date income and expense statement
•  We will also need a current, signed, and dated personal financial statement on all owners
•  A copy of the most recent 12-month financial statements (preferably audited), as well as
   year-to-date balance sheets and profit & loss statements. This does not apply to
   Sole Proprietors
•  The federal tax identification number
•  If there has been, or is a current personal or company bankruptcy, please send discharge
   papers along with personal financials and/or 2007 tax returns. If you have not had a
   bankruptcy, please state so in writing
•  The surety will require current personal credit reports with Tri-Merge scores on all officers
   with 10% or more ownership.  Credit Reports will be accepted as long as they are not more
   than 60 (sixty) days old.
•  A list with each State bond request and the size of the bond.
•  Please send a copy of the declarations pages of your company's Errors & Omissions, and
   Fidelity Bond coverage, if available.
•  A list, by state, of what surety bonds your company currently has.