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Updated almost 5 years ago on . Most recent reply

Nick D'Agostini's profile image
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Nick D'Agostini
  • from San Diego, CA
  • Member since Apr 24, 2018
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Nick D'Agostini's profile image
Nick D'Agostini's profile image
Nick D'Agostini
  • from San Diego, CA
  • Member since Apr 24, 2018
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Nick D'Agostini
  • San Diego, CA
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Tax Liens & Mortgage Notes

E&O Insurance for Mortgage Note Brokers

Nick D'Agostini
  • San Diego, CA
Posted

I called to confirmed that my current E&O insurance would cover me if I were to expand into brokering mortgage notes. But they could not wrap their heads around what the process was. All they were hearing was "MORTGAGE", and that my insurance doesn't cover originating or processing loans. I explained multiple times that this was not the case. So my question is, does your typical real estate broker E&O insurance cover brokering notes, or do you need to get additional policies?

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