The National Association of Mortgage Brokers (NAMB) has announced that The Bond Exchange, based in Little Rock, Ark., is now offering mortgage license bonds to all NAMB members and their companies.
Under the terms of the partnership, The Bond Exchange will provide bond underwriting in all 50 states and will be able to coordinate services between regulators, licensees and providers consistent with a national agency.
‘NAMB members have been requesting an exclusive provider with NAMB for bonds of all types, and I think that The Bond Exchange will be able to fill that void with their national focus on surety bonds with a specific expertise in state mortgage license bonds,’ says Donald J. Frommeyer, president of NAMB. ‘In addition, they can facilitate commercial insurance coverages such as property, general liability, workers compensation, employment practices liability, and errors and omissions insurance.’