If you are looking for information, forms or applications for a Money Transmitter Bond then connect with a surety expert today by emailing info@alshorafainsurance.com or submitting a bond request now. We will make sure to walk you through each step of our simple and easy bonding process.

How much does a Money Transmitter Bond Cost?

The price paid for this surety bond depends on a credit report. Well qualified applicants with strong financial credentials could qualify to pay as low as 1% of the required bond amount. If you are ready to find out how much a Money Transmitter Bond costs then fill out our free quote form now!

MORTGAGE BANKER BONDS
A mortgage banker bond (MBB) providers coverage and protection for a mortgage banker and any job-related issues as outlined by the combination of Fidelity Bond, Crime Coverages and Mortgagee’s Errors & Omissions. This protection and coverage policy is available only to mortgage servicers and banks. An MBB also acts as a guarantee that the banker will abide by the laws of the state in which they are practicing. In the event of a factual mortgage banker claim, this three-prong protection agreement permits the surety company to insert themselves into the case to resolve the matter. What Is Covered Under A Mortgage Banker Bond? The coverage is broken into three sections, with each particular unit providing specific protections.
Fidelity Coverage:
  • Employee Dishonesty
  • Theft Of Investor’s Money Of Collateral
  • Theft Of Warehouse Lender’s Money Or Collateral
Mortgagee’s Errors And Omissions (E&O) Coverage:
  • Liability To Investors
  • Liability To Mortgagors
  • Loss Of Mortgage Interest
  • Real Estate Taxes
  • Recordation E&O
  • Optional Coverages Available
Crime Coverages:
  • Electronic And Computer Crime
  • Fraudulent Mortgages
  • Replacement Expenses
  • Forged Or Fraudulently Altered Real Estate Documents
  • Forged Checks
  • Claims Expense
  • Transit
  • Premises
Any mortgage banker may opt for the following additional coverage through a providing surety bond company:
  • Double Aggregate Limit
  • Mortgage Banking Language
  • Innocent Partner/Shareholder Protection
  • Investor Protection