BNK Insurance Services offers a tailored insurance program designed for your mortgage broker clients. Your client’s business is always at risk and despite their best intentions, one allegation of errors or negligence could lead to lawsuits and hardships. The mortgage brokers' product is will be admitted in all states except Alaska and Hawaii.
- A broad definition of professional mortgage services
- 50% deductible reduction up to $10,000 if the claim is resolved by mediation or arbitration.
- Sublimit for FDCPA and FCRA violations
- Sublimit for third-party discrimination coverage for violation of FHA or Equal Credit Act
- Sublimit for TCPA violations
- Sublimit for RESPA violations
- Tailored coverage at a competitive price
- Online risk management portal featuring articles on a wide range of topics, sample policies and procedures, risk bulletins and more
- Risk management hotline to discuss industry best practices and potential claims issues with lawyers and claims professionals
- Partner discount on employment screening services
- An experienced claims team that understands the complexities of mortgage brokers’ E&O claims and is deeply committed to delivering exceptionally responsive and personalized service
- Streamlined billing options