""The National Association of Mortgage Brokers, NAMB,"":http://www.namb.org/namb/default.asp?SnID=1592813605 recently announced a partnership with ""The Bond Exchange"":http://www.thebondexchange.com/ to offer mortgage license bonds to all members and their companies.[IMAGE]
The Bond Exchange has a reputation for negotiating bond prices that are at least as low and sometimes lower than other bond issuers.
According to NAMB President Donald J. Frommeyer, the association has been seeking an exclusive bond provider for NAMB for some time, and he believes they are well positioned to fill the needs of NAMB and its members.[COLUMN_BREAK]
""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,"" Frommeyer said in a recent press release.
The Bond Exchange will also provide commercial insurance coverage, including property, general liability, workers compensation, employment practices liability, and errors and omissions insurance for NAMB member companies.
""By concentrating on surety bonds, The Bond Exchange understands the mortgage business, respects the need for responsiveness and provides a superior level of service that NAMB members may not be accustomed to receiving elsewhere,"" Frommeyer said.
""We are excited about this great relationship and the value that it will provide to both the Association as well as its members,"" Frommeyer added.
The Bond exchange will underwrite bonds in all states and will coordinate with regulators, licensees, and bond providers to ensure consistence and compliance, according to NAMB.