As a mortgage broker, you can be the bridge between a future homeowner and the home of their dreams. Unfortunately, since the mortgage crisis of 2008, certain fraudulent practices that lead to speculative lending were revealed, affecting the entire industry.
While many of the offenders are now out of business, regulations have gotten tougher for those of us that remain. The first hurdles to a satisfying career are obtaining your mortgage broker bond and license, and this is what we’ll look at in this article.
For people with bad credit, the licensing and bonding process can be a bit complicated, but don’t let that discourage you. As long as you understand how surety bonding with bad credit works, you have great chances of getting bonded.