Superior Errors and Omissions Coverage for Mortgage Brokers + Legal Services Included
Get Started Now
We have unequaled access to product options that few others have. We’ll find you the best protection for the best price.
And Comprehensive Business Owner’s Policies, Surety Bonds, and Worker’s Compensation
- Best Coverage Options for Mortgage Brokers ̶ Because No One Else Has the Product Access that We Have
- ClaimPrevent® Legal Services 7 Days a Week Pre-Claim
Extensive E&O Protection Tailored for Mortgage Brokers
As a mortgage broker, you face unique risks that are best covered by a specialized E&O policy, rather than a generic policy that’s used across industries. Your risks could include:
- Contract issues: where client information that you certified as accurate on an application turns out to be false
- Misrepresentation issues: something is communicated or sent to a lender that turns out to be inaccurate
- Borrower issues: claims of falsified or inaccurate information provided, poor loan option recommendation, lack of good faith estimate, incomplete or inaccurate disclosure of costs, taxes, or other payments
No matter how experienced you are, it only takes one disgruntled customer to cause problems.
You need to protect your past and future loan transactions and ensure compliance with corresponding lenders.
- With CRES, you can customize your E&O coverage to protect your specific activities, loan volume, and number of brokers. And you can cover mortgage origination only, or also include coverage for real estate transactions.
CRES Mortgage Broker E&O + ClaimPrevent®
- Customized Solutions for Your Specific Services
You choose your policy limits, retention (out-of-pocket claims expense limit), and the specific activities you need covered, so you’ll only pay for what you need. This is NOT a generic E&O policy; it’s been created specifically for mortgage brokers.
- Coverage for Past Loan Transactions and Appraisals
CRES E&O covers your past and future loan transactions, and your past and future appraisals. This is coverage for past transactions for as long as you’ve had continuous E&O coverage, no matter the carrier.
- A-Rated Carriers
Our policies are backed by A.M. Best A-rated carriers.
- Proactive Problem Resolution 7 Days a Week to Help Prevent Claims
CRESE&O policies include ClaimPrevent® Legal Advisory Services. You’ll have access to local expert attorneys 7 days a week, to help you proactively resolve small issues before they turn into big problems.
Looking for Errors and Omissions insurance for Colorado Mortgage Brokers?
Get Started Today
We’re part of one of the largest insurance brokers in the world, Arthur J. Gallagher. We have unequaled access to product options that few others have. We’ll find you the best protection for the best price.
AK, AR, CT, DE, DC, HI, ME, NH, NY, VT, WA, WV: Request a Quote or Renew
All Other States: Quote and Buy Online
All Other States: Renew Your CRES Policy
For Other Insurance Products . . .
- Mortgage brokerage companies: looking for Workers’ Compensation Insurance? We can help with that.
- Business owners: you should look into a Business Owner’s Policy for General Liability. We can help with that.
- Need a Surety Bond? We can help with that.
If you have any questions, call 858.618.1648 anytime for prompt, personal assistance.
Mortgage Brokerage E&O Policy Details
- We ensure brokers who are not direct lenders, and who do not offer reverse mortgages or hard money loans.
Read each policy for a full comparison of coverage and benefits. Certain restrictions apply. All coverage is subject to Underwriting and other qualifications.