|
|
|
|
 |
|
| 200 East Randolph Street |
| 8th Floor Chicago, IL 60601 |
| Telephone: (800) 323-2743 |
| Facsimile: (312) 381-6195 |
|
|
|
|
|
|
|
|
Bankers Insurance Service - Professional Liability
|
|
|
| Downloadable Forms and Applications |
| Application [PDF] |
| Fact Sheet [PDF] |
| Mortgage Banker/Broker Insurance Needs [PDF] |
| Frequently Asked Questions [PDF] |
| Who to Contact |
|
|
| 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. | | |
|
|
|