Mortgage Brokers Professional Liability
Have you heard of Mortgage Impairment Protection? Mortgage Impairment covers errors and omissions in the day to day origination and servicing of loans. Things such as failing to pay real estate taxes, errors in determining if a property is in a flood zone, and title errors, just to name a few. Harris Insurance offers a Mortgage Brokers Protection Policy that provides a safety net for unknown or unexpected losses by protecting the lenders interest in the property for errors and omissions that may occur in the origination and servicing of residential and commercial mortgage loans. Coverage includes physical damage and errors and omissions and complies with requirements of guaranty organizations like Fannie Mae, Freddie Mac, and Ginnie Mae. Our policy is one of the broadest forms available in today’s market.