Mortgage Lender/broker E&O Insurance

[NCAgent]

Anyone know a place that will do a mortgage lender that also does some brokering? It's all home loans, no commercial.

They currently have it with lloyds, I feel we can do better than that.

Anyone know an MGA that'll do it, too?

Thanks!

 

[Sales71]

If you are a member of the Big I in your state they can tell you which MGA will do that risk. Maybe if they are with Lloyds they might have claims and just got non renewed and had to get Lloyd.

 

[NCAgent]

No claims, I think the size is what did it. The premium for this is about 11k. Could be Lloyds was the only one the previous agency had willing to touch it, but it doesn't mean that is the only one that WILL touch it.

 

[Sales71]

Try Burn and Wilcox in your state they will do anything that can be done all surplus market

 

[sgriswold]

Worldwide facilities. PM me and I'll send you my contacts info. I've placed very difficult lender risks with them.

 

[Bertolinoins]

CRES wholesale has a competitive program.

 

[PLbroker]

I work for a wholesaler and have several markets for this risk. If you have similar risks in the future, please message me.