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Mortgage Bankers

Mortgage Bankers

Mortgage

Mortgage Bankers Professional Liability, Mortgagee’s E&O & Mortgage Bankers Fidelity Bond Knowledge. Relationships. Trust and Confidence. Professional Liability & Mortgagee’s E&O Coverage Highlights • Mortgagee’s E&O has a dedicated limit, deductible and retroactive date • Direct loss payee coverage on Mortgagee’s E&O coverage for warehouse lenders and investors • Professional Liability is Duty to Defend • Defense sub-limit for discrimination claims arising from alleged violations of the Fair Housing Act or Equal Credit Opportunity Act, mortgage fee claims and disciplinary proceedings • Bilateral discovery period • Enhanced settlement clause with a 50/50 provision • Coverage for demands for money or services • Severability clause protects innocent insureds • Final adjudication language RPS is the largest Managing General Agent/Underwriting Manager* and a leading Specialty Insurance Wholesaler and Standard Lines Aggregator. We partner with the highest quality providers in the industry to offer customized solutions that meet our clients’ business needs. Our coast-to-coast network of offices utilizes its local knowledge, regional expertise and national relationships to deliver winning proposals to each agent • Coverage for independent contractors and net branches • Reduced deductible by 50% if mediation is used to resolve a claim • Automatic coverage for newly acquired entities that make up less than 10% of total assets and/or gross revenue • Modified Insured versus Insured exclusion • 30 day post - policy reporting window • $250 per day to each insured for loss of earnings due to attendance at a trial, hearing or arbitration proceeding (subject to a $10,000 sublimit) and broker we serve. Give us a try today! *Business Insurance Ranking 2008 - 2011 110911 EXECUTIVE LINES If you have any questions or concerns, please feel free to email us at: MortgageBankers@RPSins.com 300 South Riverside Plaza,,Suite 1920 • Chicago, IL 60606 Fax: 312.803.6333 • www.RPSins.com/Executivelines

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