Professional Services Liability Insurance

 

Think of this coverage as malpractice insurance for your professional services.

Your firm could be legally liable for errors and omissions made during origination, underwriting, processing, marketing, closing, warehousing, servicing and other professional roles.

Let us find you a policy that covers your specific needs and the suits you could face. Suits—including class action cases—could arise in many different areas, such as:

  • Advertising
  • Appraisals
  • ARM miscalculations
  • Equal Credit Opportunity Act (ECOA)
  • Escrow determination
  • Fair Housing Act
  • Fee disputes
  • Lender-Placed insurance fees
  • Foreclosure and eviction
  • Handling of loan defaults
  • Incorrect FHA/PMI notifications
  • Investor contracts
  • Loan assumption procedures
  • Lock-in representations
  • MBS pool representations
  • Pay-offs and releases
  • Real Estate Settlement Procedures Act (RESPA)
  • Servicing transfers
  • Third party origination
  • Truth in Lending Act (TILA)