FGIB:We’ll Secure a Mortgage Bankers Blanket Bond for You

A mortgage is the key to starting a new business or building a life in a new place. Your clients depend on you as their mortgage manager to be responsible and have their best interests in mind. But things can and do go wrong at times.

With more than 30 years of experience helping community banks, commercial lenders and others in the mortgage lending business, Financial Guaranty Insurance Brokers (FGIB) has the expertise you need to stay well protected. One of the products we offer is a Mortgage Bankers Blanket Bond.

What’s Included in a Mortgage Bankers Blanket Bond

Mortgage Bankers Blanket Bonds can be designed to include:

  • Fidelity coverage for loss from employee dishonesty as well as from any closing agent; can also cover third-party originators and/or servicing contractors
  • Coverage for theft of mortgage investor’s money or collateral as required by Fannie Mae, Freddie Mac or Ginnie Mae, satisfying industry standards and most mortgage investors’ requirements
  • Mortgagee’s E&O coverage for your mortgage interest as well as your liability to mortgage investors and to mortgagors when losses occur due to specified errors and omissions, such as failure to determine if property is in a flood zone, arrange for insurance or pay real estate taxes
  • Crime coverage for loss of property including real estate documents on premises or in-transit, check forgery, and electronic or computer crime
  • Optional coverage for forged documents and for fraudulent borrower misrepresentations on certain loan documents

FGIB works with A-rated financially strong insurance companies to provide you a competitive, comprehensive Mortgage Bankers Blanket Bond.