Executive Vice President
- Chicago, IL
The RPS Mortgage Bankers and Brokers product is designed to serve independent mortgage bankers and brokers who focus on family residential lending. This product provides tailored coverage for Professional Liability as well as the investor- and warehouse lender-required Mortgagee's Errors & Omissions (E&O) and Fidelity Bond.
Professional Liability protects the company from lawsuits alleging negligence in the rendering of Professional Services to a third party, while Mortgagee's E&O covers failure to obtain or maintain certain insurance on collateral property. The Mortgage Bankers Fidelity Bond offers coverage for losses stemming from employee dishonesty, theft of warehouse lender's Money and Collateral coverage, theft of secondary market institution's Money or Collateral coverage, and direct loss payee coverage for warehouse lenders and secondary market institutions.
Coverage is available in all 50 states and is designed as a one-stop shop with quotes provided by multiple "A" rated carriers.
Professional liability and errors & omissions (E&O) insurance and for agriculture agribusiness, architect & engineers and bankers.
Errors & Omissions insurance coverage to protect your clients business from negligence, failure to perform and other risks to professional service providers.
Property insurance coverage and placement for your hard-to-place clients.