net branch » Opportunity » Vermont
Mortgage Net Branch Vermont
Your surety bond amounts differ for you and your mortgage net branch in Vermont.
If you are considering taking advantage of a VT net branch opportunity, then you should know that you do have to post a surety bond for yourself as well as each additional net branch office you open. As of this writing, the surety bond for you is $10,000, but the amount for each branch is $25,000 per branch.
When you are negotiating with the larger mortgage company with whom you will be affiliated, you will have the figures available at that time. You can then discuss whether or not the "home office" must or will provide some of the funds for the net branch surety bond.
Since negotiations are just that—an attempt to enter into a business arrangement that will be profitable to both parties—you can use the willingness or reluctance of the "home office" to help with surety bonds to determine if this is indeed the right Vermont mortgage net branch opportunity for you.
If the larger company was the one to extend the invitation to open or operate a net branch to you, they may be more amenable to helping in this area. However, if you're the one who approached the larger mortgage company about a net branch opportunity in Vermont, you may wish to consult with other mortgage companies before making a final decision.
Only you can decide if assistance or lack thereof with surety bond expenses will be a "deal-maker" or "deal-breaker" for you. The surety bonds must be obtained in order to operate a net branch, and the money for them will have to come from somewhere.