Mortgage broker E&O defends the professional errors that happen while you broker a residential loan — a mishandled file, a missed lender deadline, an application error, or advice a borrower says cost them the deal. PBI Group writes it as real estate professional-services coverage, focused on your brokering work.
Mortgage brokers sit between the borrower and the lender, and the professional-liability exposure lives in that middle — the file you assemble, the deadlines you manage, the advice you give, and the loan you place. When something in that process goes wrong and a borrower says it cost them the deal, the claim lands on the brokerage.
The severity isn’t abstract. A borrower who loses a home — and their earnest money — because a file reached the lender late will sue for the whole loss. So will a borrower whose loan is delayed or denied after an application error, or one who says the brokerage’s advice steered them into the wrong loan. A single professional-negligence claim can run six figures in defense costs alone before anyone discusses indemnity.
PBI Group writes mortgage broker coverage as real estate professional-services E&O — the negligent errors and omissions in brokering a residential loan — and pairs it with a cyber policy for the wire-fraud and data-breach exposure that comes with the borrower PII you handle. Knowing where the line sits matters too: the coverage is built around your brokering work, not mortgage-banking or lending activity, loans you fund yourself, rate or funds-availability guarantees, or regulatory-compliance matters. Right Coverage at the Right Price means we underwrite how you actually do business, not just what business you’re in.
E&O is the flagship — Cyber matters most given the depth of PII you handle.
The flagship policy for mortgage brokerage firms. Covers the professional errors in brokering a residential loan — a mishandled or late file, an application error, negligent advice a borrower says cost them the deal — that lead to a lawsuit. Written around your brokering services, not lending or banking activity.
Learn moreMortgage brokers handle SSNs, income docs, credit reports, bank statements — a deep PII pool. Cyber covers data breach, ransomware, wire-fraud, and the state breach-notification obligations that follow.
Learn moreBI/PD for the office, slip-and-fall coverage during in-person closings, hired & non-owned auto, and advertising-injury defense — including TCPA/text-marketing claims that have hit mortgage brokers hard.
Learn moreThe broker doesn't get the complete file to the lender in time; the borrower blows the purchase contract's financing contingency, loses the home and their earnest money, and sues the brokerage. E&O defends the negligent-handling claim.
A keying error or omission in the loan application misstates the borrower's information; the loan is delayed or denied, the borrower loses the transaction, and sues for the resulting loss. E&O defends the professional-error claim.
The broker recommends and works up a program the borrower doesn't qualify for; weeks are lost, the deal collapses, and the borrower alleges the brokerage's negligence caused the loss. E&O defends the failure-to-advise claim.
Let PBI Group get you a quote — no fluff, no pressure, just a fair price for strong coverage.
