E&O Insurance for Mortgage Note Brokers

[Nick D'Agostini]

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?