Financial Institutions Mortgage Impairment Errors & Omissions Insurance

Keeping a track on insurance on hundreds of mortgage loans and ensuring that its mortgage customers maintain valid insurance on mortgaged properties, is complex and expensive.

Lenders often carry this administrative burden to protect their mortgage interests in real estate loans, including home equity loans, seconds and commercial loans.

Financial Institutions Mortgage Impairment Errors & Omissions Insurance is designed to minimize loss exposures and protect lenders when a loss occurs due to:

  • The financial institutions failure to acquire and maintain adequate and valid coverage on real property collateral that it has provided mortgage on, or property that it holds due to a mortgage foreclosure.
  • Errors and omissions related to non-payment of real estate taxes and insurance premiums from funds held in escrow.
Overby Seawell Co.
Blanket Hazard Mortgage Protection

Through the use of this program, financial institutions will no longer have to track mortgage insurance, force place coverage, or face litigation as a result of force placement. The lender can reduce expenses traditionally associated with a force pla...
First Choice Insurance Intermediaries, Inc.
Errors & Omissions Insurance

Some businesses involve services such as giving advice, making recommendations, designing things, providing physical care or representing the needs of others, which can lead to being sued by customers, clients or patients claiming that the business's...
Russell Bond & Co., Inc.
Mortgage Impairment

When it comes to the essential coverages for Banks, Credit Unions, Mortgage Bankers, Insurance Companies and other entities, our Mortgage Impairment program is the solution. Russell Bond has the best and broadest program that offers a wide variety o...
Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!
Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.

Insurance for You, Your Family or Your Business 
Quick and simple; secure and confidential. We share your info with only ONE of our insurance experts. Our unique, proprietary process is designed to get you the best local expertise available.


If you are an Insurance Agent, looking to help an Insured, we can help you 
Find A Marketby matching you to our MGA/Wholesaler/Carrier partners.
Further Reading 
Pop quiz time. What's more secure; financial records locked in a filing cabinet or financial records stored in the cloud? If you don't understand how cloud security works, you probably said the filing cabinet. It's time for a little mythbusting ...
Nuclear energy is the future of our energy needs both domestically and around the world. This atomic energy has been proven to be much more cost-effective over conventional methods of attaining energy. Essentially, nuclear power plants can cove...
The nation's two million "artisan" contractors (electricians, plumbers, lawn care providers, heating and air conditioning installation and repair services, etc.) can easily find themselves caught in a squeeze that exposes them to serious financial ri...
A difficult economy is squeezing small contractors to do more jobs within narrower margins, exposing them to costly errors Customers are more demanding and quick to claim negligence when they aren't satisfied with the results. When a small contract...
In our nation’s tumultuous environment of skyrocketing unemployment and plummeting home values, saving up for an emergency fund or retirement might be the farthest thing from your mind. Considering the sad state of our economy...