MORTGAGE BROKERS
Our Mortgage Brokers Program makes it easy to get the tailored professional liability coverage you need to be well-protected, so you can keep your focus on taking good care of your customers.
Norman-Spencer is an Endorsed Provider of NAMB+
Trust Norman-Spencer to have your back.
Call us at (800) 543-3248 to learn more about application requirements and submission requirements.
Mortgage Brokers E&O Coverage
OVERVIEW
Mortgage brokerage businesses are not without risk! Despite your best intentions, one allegation of errors or negligence could lead to a lawsuit that, even if it’s found to be frivolous or dismissed, can impact your reputation and have significant financial consequences. We offer an industry tailored insurance program designed specifically for mortgage brokers.
Program Details
- A broad definition of professional mortgage services
- 50% deductible reduction up to $10,000 if the claim is resolved by mediation or arbitration.
- Sublimit for FDCPA and FCRA violations
- Sublimit for third-party discrimination coverage for violation of FHA or Equal Credit Act
- Sublimit for TCPA violations
- Sublimit for RESPA violations
Coverage Highlights
- Tailored coverage at a competitive price
- Team of insurance professionals dedicated to the mortgage brokers industry
- Online risk management portal featuring articles on a wide range of topics, sample policies and procedures, risk bulletins and more
- Risk management hotline to discuss industry best practices and potential claims issues with lawyers and claims professionals
- An experienced claims team that understands the complexities of mortgage brokers’ E&O claims and is deeply committed to delivering exceptionally responsive and personalized service
- Streamlined billing options
- Unlimited hours of Free Risk Management with our partner law firm
*All coverage features and/or options may not be available to all accounts or in all states depending on state restrictions and/or underwriting considerations
*Coverage available in all states EXCEPT for the following: Alaska and Hawaii
OVERVIEW
Mortgage brokerage businesses are not without risk! Despite your best intentions, one allegation of errors or negligence could lead to a lawsuit that, even if it’s found to be frivolous or dismissed, can impact your reputation and have significant financial consequences. We offer an industry tailored insurance program designed specifically for mortgage brokers.
Program Details
- A broad definition of professional mortgage services
- 50% deductible reduction up to $10,000 if the claim is resolved by mediation or arbitration.
- Sublimit for FDCPA and FCRA violations
- Sublimit for third-party discrimination coverage for violation of FHA or Equal Credit Act
- Sublimit for TCPA violations
- Sublimit for RESPA violations
Coverage Highlights
- Tailored coverage at a competitive price
- Team of insurance professionals dedicated to the mortgage brokers industry
- Online risk management portal featuring articles on a wide range of topics, sample policies and procedures, risk bulletins and more
- Risk management hotline to discuss industry best practices and potential claims issues with lawyers and claims professionals
- Partner discount on employment screening services
- An experienced claims team that understands the complexities of mortgage brokers’ E&O claims and is deeply committed to delivering exceptionally responsive and personalized service
- Streamlined billing options
- Unlimited hours of Free Risk Management with our partner law firm
Endorsed Provider
Norman-Spencer is an Endorsed Provider f NAMB+
*All coverage features and/or options may not be available to all accounts or in all states depending on state restrictions and/or underwriting considerations
*Coverage available in all states EXCEPT for the following: Alaska and Hawaii
Trust Norman-Spencer to have your back.
Call us at (800) 543-3248 to learn more about application requirements and submission requirements.