Mortgage Banker Bonds
U.S. Risk Financial offers Mortgage Banker Bonds to protect you and your institution against a wide variety of crime loss exposures.
Covered crime loss exposures include:
- Fidelity – Loss caused by employee or closing agent dishonesty or theft of mortgage investor’s money or collateral.
- On Premises Crime – Loss of property through robbery, burglary, misplacement, mysterious unexplainable disappearance, theft, larceny or false pretenses while lodged or deposited within offices or premises located anywhere. Also covers resulting loss or damage to the premises and equipment at owned locations or at another location if held liable.
- In Transit – Loss of property through robbery, larceny, theft, misplacement, mysterious unexplainable disappearance while in transit, except while in the U.S. postal system.
- Check Forgery – Loss resulting directly from forgery or alteration of negotiable instruments.
- Forged Securities – Loss caused by forged, altered, lost or stolen negotiable instrument and documents used as loan collateral such as stock, titles and deeds.
- Electronic and Computer Crime
- Fraudulent Mortgages – Loss resulting from acting upon mortgages, deeds and like instruments where the signatures were obtained by trick, artifice or fraud.
▶ Click the links in the sidebar for details on other U.S. Risk Financial programs.
Jim Lloyd
President, U.S. Risk Financial
(469) 983-7147 | Send a Secure Email
TEAM MEMBERS
Tim Bennett | (440) 455-3881 | Send a Secure Email
Beth Boisseau-Coots | (469) 983-7115 | Send a Secure Email
Aaron Cardwell | (469) 983-7104 | Send a Secure Email
Pam Schultz | (469) 983-7223 | Send a Secure Email
Top Five Cybersecurity Tactics
March 27, 2023 | Cybersecurity is often in the news, but few insurance agents fully understand its implications. In short, cybersecurity refers to the practice of anticipating… more ▶
How the Oil Industry Can Prevent Liability
March 14, 2023 | The oil industry is widely regarded as one of the most detrimental industries in the world. Unfortunately, this reputation is not without reason. In most cases… more ▶
Construction Industry Predictions for 2023
March 3, 2023 | The economy, technology, and development trends are just a few factors that often impact the construction industry. A litany of other variables influence the industry, too… more ▶