In today's highly regulated and litigious financial marketplace, Mortgage Bankers are often required to carry Bonds to help protect them from financial losses related to dishonesty of an employee or other specified individual. Mortgage Companies along with Title Agents, Abstractors and Escrow Agents rely heavily on Professional Liability insurance to cover their legal liability should a claim be brought against them by a third party in the rendering of (or the failure to render) professional services.
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