Mortgage Broker & Banker Liability Insurance
There are numerous components involved in processing a loan — all of which could lead to a claim if a customer emerges unsatisfied.
The smart mortgage professional recognizes this risk, insuring themselves from any mistakes
that can occur during the loan process.
Frequently Asked Questions
What is mortgage brokers & bankers errors & omissions insurance?
Mortgage errors and omissions insurance protects mortgage brokers and bankers from lawsuits that can occur from the origination through the closing of a loan.
Why do I need mortgage brokers & bankers errors & omissions?
Because a mortgage loan can be complicated, there is an ever-present opportunity for genuine or perceived errors, which puts the mortgage broker and banker in a vulnerable position.
What can I expect to pay for mortgage brokers & bankers E&O?
We offer a variety of affordable options and encourage the mortgage professional to contact us for an application at firstname.lastname@example.org or call 888-871-9096 Ext 5193.
Doesn’t my general liability insurance provide the same protection?
No, mortgage brokers and bankers who carry only general liability insurance will not be protected for errors & omissions.