As someone employed by an insurance company, you know how important contracts are to business. Your company provides customers with special kinds of contracts that outline the assistance you will provide them; they in return comply with what you need from them. Contracts are complex legal documents and the people who work with them have to be very detail oriented; a single small mistake has the potential to completely void the power of a contract. Real estate contracts are especially complicated due in part to the many parties involved in the creation of those contracts. For this reason, insurance companies like yours have chosen to offer Mortgage Impairment Errors and Omissions Insurance policies to their clients.
Any of your real estate customers can tell you that the faster a deal is closed, the happier everyone is. Any delay in the mortgage application process can have wide-reaching effects, even so far as to ruin the deal altogether. A mistake in the contract could potentially void the mortgage; at the very least it will cause severe delays. This lost time will cost a real estate company and their mortgage brokers a lot of money in lost time and effort. One of the best ways a mortgage broker can protect themselves against such an occurrence is to have a Mortgage Impairment Errors and Omissions Insurance policy from their preferred insurance company. Your insurance company should be able to provide your customers with the policies they really need.
Serving the needs of the real estate industry is hard work, but you know that the insurance products you make available actually improve people’s lives. The Mortgage Impairment Errors and Omissions Insurance policies you sell your clients directly contribute successful mortgage applications.