NEW SURETY REQUIREMENT EFFECTS BANKERS
Rex Wyon has ready-made solution

November 30, 2010: At least one new code provision intended to tighten up the regulation of mortgage bankers and brokers extends to federally chartered banks, and the timetable for compliance is immediate. The change imposes an added requirement for securing a $250,000 surety bond for operation of your mortgage servicing business.

The rapid adoption of this legislation has left most local commercial carriers unwilling or unable to fill the void, but Rex Wyon has lined up a market that fulfills requirements at a very modest cost. Application is fast and simple. Just download and return the appended application for a fast quote and bind.

We also provide unique risk management solutions:

• Alternative Risk Funding: Bermuda Captives
• SPEEDY Risk Management Form
• FannieMae Commercial Property, Liability and Other Insurance Requirements
• FannieMae Environmental Questionnaire
• FannieMae Title Insurance Requirements

We represent many leading insurance companies and provide quality property and casualty insurance programs including:

• Boiler and machinery
• Construction - Builders Risk
• Commercial Auto
• Credit and credit-related life, accident, and disability
• Employee benefits
• Environmental
• Earthquake insurance
• Excess and surplus lines licensed
• Fidelity bonds
• Flood insurance
• Health care
• Management liability
  • Directors’ and Officers’ liability
  • Fiduciary Liability
  • Employment practices
• Professional and product liability
• Surety
• Workers’ compensation