Mortgage broker E&O has to defend regulatory disputes, loan-origination errors, and the fair-lending claims that follow a denial. PBI Group writes mortgage-broker coverage with TRID timing defense, RESPA disclosure language, and CFPB-aware policy structure.
Mortgage brokers operate inside the most heavily regulated corner of the real estate transaction. Every disclosure runs through RESPA, every timing decision through TRID, every denial through ECOA and fair-lending review, and every dispute through a CFPB regulatory framework that has only tightened since 2010. The professional-liability exposure isn’t one thing — it’s a stack of overlapping regulatory regimes, any of which can produce a claim.
That regulatory complexity is the reason generic professional-liability carriers price mortgage broker E&O poorly. The severity isn’t in loan-origination errors alone — it’s in the regulatory defense costs that follow a single fair-lending complaint, the rescission rights triggered by a TRID timing miss, the cure-fee exposure on a RESPA disclosure error, and the dual-capacity claims when you’ve operated as both broker and lender on the same transaction. A claim file can easily run six figures in defense costs alone before anyone discusses indemnity.
PBI Group writes mortgage broker coverage with CFPB-aware language, TRID-timing defense, fair-lending response, and explicit coordination with the cyber policy for wire-fraud exposure at funding. The form responds to the way modern loan brokerages actually get sued — borrower-side, regulatory, and channel-partner — not the generic E&O template most carriers staple together. Right Coverage at the Right Price means we underwrite your loan mix, your channel partners, and your compliance posture — not just a NAICS code.
E&O is the flagship — Cyber matters most given the depth of PII you handle.
The flagship policy for mortgage brokerage firms. Covers loan-origination errors, RESPA disclosure failures, TRID timing disputes, fair-lending allegations, and the contract-error defense mortgage brokers need when a closing falls apart.
Learn moreMortgage brokers handle SSNs, income docs, credit reports, bank statements — a deep PII pool. Cyber covers data breach, ransomware, wire-fraud, and the CFPB / state regulator notification obligations after a breach.
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 moreClosing Disclosure delivered late — closing pushes 3 days, buyer loses rate-lock, seller cancels. Buyer sues for damages. E&O defends the timing-error claim and the resulting financial-loss claim.
Broker quoted a rate at lock that wasn't available; borrower closes at a higher rate or loses the deal entirely. Negligent-misrepresentation suit. E&O policy form has to cover the quote-error scenario explicitly.
Denied applicant alleges denial was based on a protected class. ECOA / Fair Housing claim. E&O defends the firm; carriers vary widely on whether fair-lending defense is included or sub-limited.
Let PBI Group get you a quote — no fluff, no pressure, just a fair price for strong coverage.
