Get Customized, Sector-Focused Solutions With FGIB

Get the Fidelity and E&O protection you need with a Mortgage Bankers Blanket Bond.

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.

WHAT OUR CLIENTS ARE SAYING

“Words cannot express my sincere thanks to FGIB. In 2009 our bank was put into a regulatory C & D. Our Fidelity and D & O Bond was cancelled, without notice, from a company that the bank had been with for over 20 years. The cancellation shocked us, since we had an additional 17 months until the Bond’s expiration date.

It was an extremely difficult time for our bank. Fortunately, we were put in contact with FGIB. FGIB was able to find reasonable coverage for our Fidelity and D & O Bond, when no one else would. We have been a customer ever since. We appreciate FGIB’s honest, personal, and professional service.”

John G. Sorensen, Jr., President

Home Savings Bank

“Financial Guaranty Insurance Brokers have been our provider for insurance policies since the Bank’s inception. I have personally dealt with Joe Scully and Manny Kim for many years and they are excellent to work with. They are always available to assist us with any needs or concerns we may have in dealing with the insurance companies. I would definitely recommend FGIB.”

Toni Umphreyville, Chief Financial Officer

Community Valley Bank

Providing Solutions that Align with Your Business Needs

Our vast network of contacts, through industry organizations, long-established relationships and years of service to the financial industry and beyond, enables FGIB to sort through the complexity of choices to recognize the right fit for your organization. We know your industry and understand how to secure the appropriate insurance solutions. We are licensed in the majority of states and are ready to serve you. Give us a call at 626.793.3330.