Bankers Insurance Service - Professional Liability
​Professional Liability
Downloadable Forms and Applications
Application [PDF]
Fact Sheet [PDF]
Mortgage Banker/Broker Insurance Needs [PDF]
Frequently Asked Questions [PDF]
Bankers Insurance Service Product Guide [PDF] 
Who to Contact
Tom Delaney
P: (312) 381-3722
Sam Ackerman
Chief Underwriting Officer
P: (312) 381-3770
Product Details
Covers a firm's legal liability for errors and omissions made in professional roles such as loan origination, underwriting, processing, marketing, closing, warehousing and servicing.

Suits which may be covered—including class action suits—arise in the areas of:

  • Wrongful loan applicant counseling

  • Wrongful Truth in Lending Act disclosures

  • Mortgage broker/originator/correspondent disputes

  • Loan commitments to mortgagors

  • Incorrect FHA/PMI notifications

  • Wrongful foreclosure and eviction

  • Lock-in representations

  • MBS pool representations

  • Unintentional underwriting discrimination (defense costs only)

  • Miscalculated ARM adjustments

  • Covers claims arising from misrepresentation 

    If you would like additional information, please fill out this short form.

a division of Financial & Professional Risk Solutions, Inc.TX Lic# 15890 In California: FPR Insurance Solutions, Inc. (License No.: 0G83953)