If you’re a nonbank mortgage loan servicer in Pennsylvania and not prepared for the new state licensing rules, you’ll need to get started soon! Governor Tom Wolf signed Pennsylvania Senate Bill 751 into law back in December last year. The bill brings a number of new rules that nonbank mortgage servicers in Pennsylvania will need to follow to operate as mortgage providers in the state.
While consumers often confuse insurance and surety bonds, agents understand that these products are very different, and each requires an agent with unique skills and experience to secure the best prices. As an insurance agent, it can seem counterintuitive to send your insurance clients elsewhere when they need help securing a surety bond, but you might be surprised to learn that referring your clients to a surety bond specialist can be good for business! Continue reading “How Insurance Agents Retain Clients By Referring Them To Surety Bond Agencies”