If you are a residential mortgage servicer in Minnesota you are required under sections 58.01 to 58.17 of the Minnesota Statutes to file a Minnesota Residential Mortgage Servicer Bond as a condition of licensure.
Bonds Express offers a Minnesota Residential Mortgage Servicer Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Residential Mortgage Servicer Bond holds you accountable for your business decisions.
By possessing a Minnesota Residential Mortgage Servicer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.