Clients of mortgage brokers depend on them to help secure the services of a qualified lender and then perform the necessary tasks to close their transaction. Arranging financing for the purchase of real estate doesn't always go as planned - for instance, if a closing falls through due to paperwork issues, failure to obtain an appraisal, or other circustances.
If this causes a mortgage broker's client to incur financial losses, they may sue for him or her for damages. That's where mortgage brokers E&O coverage comes in, and we can help.