Colorado Mortgage Broker

Professional Liability (E&O) coverage satisfying Colorado's regulatory requirements for individual Mortgage Brokers

Benifits of Program

Philadelphia Insurance Companies' form meets the insurance requirements as set by the Colorado Division of Real Estate. For insured requirements specific to you, contact your insurance agent or broker or the Colorado Division of Real Estate for guidance.

Coverage is available through any insurance agent or broker who is appointed with Philadelphia Insurance Companies. Check with your insurance agent or broker to determine if they are appointed to place business with Philadelphia Insurance Companies.

Eligibility Requirements

  • Must have a valid, in force license on file with the Colorado Division of Real Estate
  • Must have an eligible surety bond in place

Limits of Liability

  • $100,000 per Claim / $300,000 Annual Aggregate Limit of Liability

Cost

  • $400 for mortgage brokers in business 3 years or more

* When completing the Application, exclude the following from the "Sub-Prime" category: FHA, VA as well as any Fannie Mae or Freddie Mac product.

Applications

Please select state specific forms when applicable.

Documents Required for Proposal

  • Completed application
  • Supplemental Claim Form (if applicable)

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