Mortgage Broker & Banker E&O
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 professional liability insurance?
Mortgage professional liability 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 broker e&o insurance?
Because a mortgage loan can be complicated, there is an ever-present opportunity for genuine or perceived errors, which puts the broker and banker in a vulnerable position.
What can I expect to pay for mortgage professional liability?
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 are not protected for professional liability.