Protect Your Greatest Asset... Your Business
Why Protect Your Business?Fraud, dishonest employees, negligence, and third party originations, can lead to costly losses for your company. You work hard to grow your business and achieve success, why put your company’s assets in jeopardy by neglecting your company’s risk management? Mortgage Insurance Agency, Ltd. can help you understand potential pitfalls and how you can insure yourself against these possibly catastrophic losses.
New SAFE Mortgage Licensing Act Rules
HUD implemented the SAFE Mortgage Licensing Act which is designed to enhance consumer protection and reduce fraud by encouraging states to establish minimum standards for the licensing and registration of state-licensed mortgage loan originators and for the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) to establish and maintain a nationwide mortgage licensing system and registry for the residential mortgage industry. - Read More at HUD.govNew York has a New Surety Bond Requirement for Loan Originators
Detailed Information about NY Surety Bond Requirements
The State of
New York's Banking Department has passed a new law requiring
that Licensed Mortgage Loan Originators have a
Surety Bond that is based on
the dollar volume of the loans the individual has generated.
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Download the Mailer to Help Spread the Word! |
Download MIA's NY Package to Get Started on your New York Surety Bond! |
| Request to speak with a Bonding Expert | State of New York's Bond Language |
The State of New Jersey has conformed to the SAFE Act
In order to become
compliant with the federal S.A.F.E Act, the State of New Jersey has
passed a new law requiring that the Mortgage Broker, and the
Mortgage Lender both have a $150,000 Surety Bond effective July 31,
2010.
-Download the Mailer and Spread the Word
-Request to speak with a Bonding Expert
Need a Surety Bond?
Mortgage Insurance Agency is the Nationwide leading writer of Surety Bonds, E&O, and Fidelity Coverage. Since 1993, we have strived to be the best niche orientated insurance agency in the country. Please select the type of bond you need from the list below to submit a request and have a bonding expert contact you.Mortgage Broker Bond
Mortgage Banker Bond
Mortgage Lender Bond
Mortgage Servicer Bond
Loan Originator Bond
New ‘Red Flag’ Requirements Effective
June
1, 2010
MORE INFORMATION
Identity thieves use people’s personally identifying information
to open new accounts and misuse existing accounts, creating
havoc for consumers and businesses. Financial institutions and
creditors soon will be required to implement a program to
detect, prevent, and mitigate instances of identity theft.
Mortgage Insurance Agency has solutions for
Businesses of Any Size that are specifically designed to
address most of these exposures. The policy offers coverage
to
the business for the following:
- Legal Liability Damages
- Defense Costs
- Regulatory Action Expense
- Notification Costs
- Stolen Identity Liability
- Administrative Fees
- Protecting Customers and Employees Alike
Protect your family with Personal Identity Theft Protection
MORE INFORMATION
Identity theft and fraud is a major drain on the
American economy, costing an estimated $25 billion in
losses to victims each year. Victims of identity fraud
also spend up to 600 hours recovering from this crime,
and many end up with their credit and reputation ruined
for years to come. Not only does identity fraud cost
individuals and financial institutions billions of
dollars, then, it also saps our economy of the time and
energy people spend recovering.
FREQUENTLY ASKED QUESTIONS
Whether mortgage banker, broker, warehouse lender or mortgage investor, Mortgage Insurance Agency has been providing operational coverage solutions to the mortgage banking community for more than a decade. Our expertise and access to numerous, highly-rated insurance carriers, allow us to tailor coverage to the needs of our clients and provide them with the best product at the best price. Experienced staff, diverse product mix, quality service all make Mortgage Insurance Agency your complete insurance solution.
A Cut Above the Rest!
Mortgage Insurance Agency, Ltd. was founded by David Jackson in 1993. Bringing his 28 years of insurance expertise, he has established Mortgage Insurance Agency as one of the largest writers of State Licensed Surety Bonds, Errors & Omissions, and Fidelity Bond insurance for Mortgage Bankers and Mortgage Brokers nationally. Mortgage Insurance Agency, Ltd. is a Strategic Partner of the National Association of Mortgage Brokers and David is now member of the MBA, the NAMB and many other state associations.