Alaska Mortgage Licensee Surety Bonds
The State of Alaska requires that all Mortgage Professionals be licensed and provide a Mortgage Licensee Surety Bond to secure their license. Mortgage Licensee's are licensed as Mortgage Brokers, Mortgage Lenders and Mortgage Loan Originators.
A Mortgage Broker is defined as any person who for monitary compensation or gain or in the expectation of compensation or gain, directly or indirectly:
- Arranges through a variety of lending sources to provide financing for mortgage loans; or
- Assists or offers to assist a borrower or potential borrower to secure financing for mortgage loans.
A Mortgage Lender is defined as any company that consummates and funds residential mortgage loans on Alaska property and who is named as the payee in the promissory note and as the beneficiary of the deed of trust.
A Mortgage Loan Originator is defined as any natural persons conducting residential mortgage origination activities in Alaska on behalf of a mortgage broker or mortgage lender from locations licensed to conduct activity in Alaska
Get started now! Follow the link below to apply for your Alaska Mortgage Licensee Surety Bonds and let our expert staff get the bond you need at the lowest possible price!
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