Many states require mortgage brokers to get bonded before they start brokering. Brokers may not always be aware of why posting a surety bond is necessary — after all it requires additional time and paperwork.
Making the real estate purchase of a lifetime is a big decision. For many individuals and businesses, this means looking for a good mortgage loan deal. Mortgage brokers are an indispensable partner in this process. Today they are the most popular sellers of mortgage products because their role is to be the intermediaries between buyers and lenders.
If you’re currently beginning your journey to becoming a mortgage broker, you might be a bit confused as to where to start. So, read on to get a better idea with the following five steps.