Filter by tags
Questions and Articles
97 items
FSCO claims my mortgage brokerage does not have errors and omissions insurance. What evidence does FSCO have to support this claim?
A:
In October 2008, FSCO conducted errors and omissions insurance audits of all licensed mortgage brokerages. Based on the insurance information that was provided by insurance companies, FSCO determined that your mortgage brokerage did not have errors a
... more
My mortgage brokerage is currently not conducting mortgage business. Why is errors and omissions insurance necessary?
A:
Subsection 7(4) of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) and section 42 of Ontario Regulation 188/08 - Mortgage Brokerages: Standards of Practice require all licensed mortgage brokerages to have errors and omissions in
... more
Where does it say that a mortgage brokerage must have errors and omissions insurance?
A:
Subsection 7(4) of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) and section 42 of Ontario Regulation 188/08 - Mortgage Brokerages: Standards of Practice require all licensed mortgage brokerages to have errors and omissions in
... more
Currently i have escrow, real estate, mortgage and insurance co. soon, How do i become a BILLIONAIRE?
A:
I Would like to become a billionaire in 5 years. i only have a bacherlos in international business. A: You could become a billionaire by the time you're old if you invest your money wisely, work every day and grow your business exponentially.
... more
How does mortgage protection term insurance differ from other types?
A:
The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan. Mortgage protection policies are generally available to cover a range of mortg
... more
What is Mortgage Repayment Insurance?
A:
Mortgage Repayment Insurance is a specified product offered by insurance companies to protect you in the event of: • Disability –Illness or Injury (accident) • Involuntary unemployment • Death If one of the above occurs, Mortgage Repayment Insurance
... more
Do the estimated quotes include taxes,insurance and interest?
A:
If you mean quotes by loan officers. The answer is yes.PITI (PRINCIPAL INTEREST TAX AND INSURANCE). The quotes will differ which program the loan office is quoting conventional, FHA, VA and others.
... more
Are Mortgage Protection Insurance Leads Worth the Money?
A:
There isn t any simpler sale than the mortgage protection sale. The mortgage protection sale is one of the easiest to make because the prospective cli... • Online Insurance Leads How to Get the Best Quality Insurance Leads If you are interested in in
... more
Mortgage Protection Insurance How does mortgage protection term insurance differ from other types of term life insurance?
A:
The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan. Mortgage protection policies are generally available to cover a range of mortg
... more
Does Homeowner's insurance cover Hurricanes in FL?
A:
Your coverage has to be in place prior to a storm being announced, but yes, you would have wind coverage on an average homeowner's policy and you would have a "hurricane deductible", I think the average is 2%. Pull out your policy and check the "decl
... more