What are the risks in Mortgage Brokering that a business or individual needs coverage for?

Any financial duty placed on an insured, specifically Mortgage Brokers, can lead to a claim. Most typical for mortgage brokers involve:

  1. Failure to properly qualify applicant who subsequently was delinquent
  2. Failure to properly advise client of risks
  3. Failure to properly review loan documents

Even if you’ve done everything right, you can still be named in a frivolous lawsuit. Having Mortgage Broker E&O will help you avoid paying those defense costs yourself.


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