INSURANCE FOR REAL ESTATE MORTGAGE BROKERS
GET CUSTOM PROFESSIONAL LIABILITY AND E&O COVERAGE AT AFFORDABLE RATES
Professional Liability and Errors & Omissions Insurance Protect Your Business
As a MLO, you are one of 400,000 problem solvers in the U.S. trying to match each borrowing situation to the best solution. You need to know the lending marketplace and underwriters, keep your referral sources happy, understand rapidly changing laws and, of course, have a better understanding of the borrower’s financial environment than he or she does. What’s more, different lenders look at things differently. You know how some banks view income from a second job and you can guide a borrower who is self-employed into the right direction.
As a master “matchmaker” of borrower to lender, you deserve an insurance broker that can equal your skill. Not every insurance broker can find you that perfect price-to-coverage balance you desire. What if you get hit with a claim for fraudulent loan applications, even if unfounded? How about if you find yourself with a claim related to yield spread? Do you want to hire independent contractors or work with more distressed opportunities? How about Buy-to-Let? Your current insurance broker might not be able to explain how these new forays or changes will impact your insurance program, but ALIA can!