Professional Liability
Professional Liability
covers your company’s legal liability for errors and omissions made in the rendering, or failure to render, professional services such as loan origination, loan processing, loan closing, loan underwriting, loan marketing and loan warehousing. These professional services may protect against claims alleging: • Escrow Determinations• ARM Miscalculations
• Misinterpretation of Loan Underwriting Guidelines
• Errors & Omissions in Performance or Professional Services
• Wrongful Foreclosure and Eviction
• Wrongful Truth in Lending Act disclosures
• Lock-in Representations
• Negligent Acts
• Mortgage Broker/Originator/Correspondent Disputes
• Loan Commitments to Mortgagors
• Wrongful Appraisals
• Failure to Perform the Professional Services to a Borrower for a Fee
• Third Party Origination
• Unintentional Underwriting Discrimination
• Class Action
• Wrongful Loan Application Counseling
• RESPA