Mortgage brokers work as the middlemen between loan applicants and lenders, and many of your clients chose to work with you because they know mortgage brokers are licensed and have the client's interest in mind over an employer's. You work diligently to find the best terms possible for your clients, which is more than you can say for most loan officers who are employed by lenders.
Many mortgage brokers specialize in market niches - like loans for applicants with less-than-stellar credit ratings - that other lenders avoid. Similarly, insureon specializes in helping niche business owners find the best kind of coverage from lenders who are familiar with niche coverage. Below is a list of the most commonly purchased small business insurance policies by independent mortgage brokers.
These primary policies can be tailored to suit the needs of your mortgage broker business. That way, you end up with a customized business insurance plan - no extra coverage and no extra fees.