Now being offered nationwide by
Dominion Insurance Services, Inc.
Third Party Originator Insurance Coverage
Third party originators, also know as Mortgage Brokers now have access to the most unique and innovative mortgage-specific Fidelity Bond and Errors and Omissions (E&O) Insurance coverages in the marketplace. What was once only available for lenders and correspondents is now available for the small mortgage broker owner.
- What's different? A Fidelity Bond that provides peace of mind to both the lender and mortgage broker, providing coverage for fraudulent activity from all parties to a loan transaction that may result in a loan buy back scenario.
- Is it expensive? No. Total costs for both policies are less than the cost of audited financials. You can't afford not to have this coverage. All it takes is one loan repurchase demand to bankrupt your company.
- The bottom line? Protect your company with the security of financial protection that can only be provided by insurance and free up your cash to run your business.
Available Coverages exclusively for Independant Mortgage Brokers
Mortgage Brokers Fidelity Bond
The Fidelity Bond provides repurchase demand coverage for mortgage fraud and theft committed by employees and all third parties involved in the loan transaction, including the borrower themselves.
Mortgage Brokers Errors and Omissions
The Mortgage Errors and Omission Policy is provided and sold in combination with the Fidelity Bond to cover actions that would fall under the legal definition of negligence and "should have known" conditions.
IMPORTANT DISCLAIMER – This product summary is intended to highlight features that may be of interest and should in no way be considered to accurately summarize the available insurance coverage.
*Fidelity Bond and Errors and Omissions Insurance are sold as a bundle.
Dominion Insurance Services, Inc.
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