"For years, I had been using the same source for Fidelity and E&O coverage, and each year the premiums were going up by staggering numbers. This year it actually increased 50%. I decided I needed to competitively shop these, so I reached out to Lee. He was able to get me identical coverage for a third of the annual premium my previous broker had quoted."
Atlantic Home Equity
"We originally contacted Lee and Mortgage Banking Insurance Group to obtain a quote for E&O insurance and also gain some insight into this coverage. The last person we worked with would say 'I've been doing this for a long time so trust me.' It wasn't a clear picture of what was going on, why we needed the insurance and how the insurance worked. Lee was much more patient. He didn't mind explaining everything."
"I wanted to combine our two corporations under one insurance policy but had been told for 10 years that this wasn't possible. During my introduction to Lee, I mentioned this idea. He said, 'I believe you can. Let me look into it.' Based on his experience, he knew it was possible, knew the right questions to ask and the right people to talk to and got it done. We now have solid insurance at a significant savings."
Vintage Mortgage Group
"We needed E&O Insurance and Fidelity Bond policies that would be in compliance with our Fannie Mae and Ginnie Mae filings. The standards for these agencies are fairly exacting. So, we needed someone with a lot of expertise in this area and Lee is the man. He has all the necessary contacts and got us exactly what we needed."
Manager Licensing & Compliance
"In 2006, we decided to review our Mortgage Banker's Bond and Professional Liability Insurance. As a broker, Lee was able to price out multiple quotes from multiple carriers and found us a policy that had both a better price and better coverage. Over time, we began to switch more of our insurance (Surety Bonds, Property, Workman's Comp) over to MBIG. In each case, the better pricing we were getting was definitely a factor but the improved coverage we were receiving is really what was key."
Platinum Home Mortgage Corporation
“As we are all too familiar with, the Mortgage Banking, Real Estate and Insurance industries have gone through considerable change over the past several years. Skyhill's ability to reach out to the ever declining number of insurance carriers to competitively price, navigate through appropriate coverage, make sense of alarming increases in our annual policies and anticipate insurance industry change was limited before aligning ourselves with MBIG. Lee has helped us with anticipating change and with being adequately covered at the best possible price. ”
VP of Finance
Skyhill Financial, Inc.
"I told Lee about my company and he immediately explained the insurance coverage I did–and didn't–need. Turns out, I was overpaying because elements of my coverage weren't necessary. So, in just one conversation, he helped me save thousands of dollars."
Home Loan Enterprise
“Lee made the process very easy. He dropped the insurance jargon and spoke in a language a businessperson could understand. I'm a CFO of a company. I need to know the bottom line without having to learn a whole new set of terms. We don't have an insurance department–not at our size. But, Lee knows the carriers and shopped around to get us very competitive rates. Lee is our insurance department and we trust him.”
Chief Financial Officer
Berkeley Point Capital
“Between our mortgage bonds and Property & General Liability Insurance, we were working with five different companies. Now it's all with MBIG. I don't have to worry about coverages expiring or whom to call in a specific situation. The answers are just a phone call or email away and Denise takes care of it.”
Chief Financial Officer
Amerisave Mortgage Corporation
“Lee was able to tell us exactly what we needed and why. In the past, we used someone who didn't specialize in mortgage banking insurance. They couldn't explain the coverages to us, and they weren't familiar enough with our business to make sure we were properly protected beyond just meeting investor requirements.”
Bernard Financial Group
“Lee Brodsky and MBIG have proven themselves to be knowledgeable about the insurance needs of my company and are quick to respond to any of my questions or requests. They found us several quotes and helped us determine which carrier offered the most effective coverage at the best value.”
“The market for Mortgage Banker E&O and Fidelity insurance is very specialized. There are only a few insurance companies that write this type of coverage. Fortunately, Lee knows who is writing it and how they write it. And, he's been able to negotiate good rates on our behalf. Even more, thanks to Lee's knowledge of our industry, he has been able to recommend coverages that aren't required by lenders, like Professional Liability, but which are important for the protection of our business. With Lee, we're dealing with someone who really knows our industry and the insurance we need.”
President and Chief Executive Officer
Q10 | Dwyer-Curlett & Co.
“I don't have the time—or really the desire—to deal with all the details of our insurance. Lee has been recognized as an expert in the field, and we rely on that expertise. And, because he's getting quotes from several insurance companies, we're getting the best price and product available.So I don't need to worry about it.”
Founder & President
“We are in touch with Lee often as it relates to the day-to-day operations of our business and issues that come up. If we become aware of a potential liability, we can call him and explain the issue. He'll take the time to explain how our coverage would respond and what steps we need to take. I just can't say enough good things about Lee.”
—Donna M. Mighty
Sr. Vice President
Walker Dunlop, Inc
“Lee possesses a detailed understanding of the mortgage industry and our insurance needs. He is superbly qualified to address the issues that arise and offers immediate attention to our inquiries. His focus on providing excellence in service to his clients has been evident throughout our business relationship. I am repeatedly reassured by Lee and Denise's ability to decipher the variety of coverage issues involving our mortgage business and affiliated businesses.”
Corporate Counsel, VP
American Mortgage Service Company
“In my experience, insurance is very necessary. But, it's also very difficult to navigate. It's easy to be under-insured or over-insured. Lee definitely gets to know our company—he's not just an order-taker. Lee meets with me and other key people to discuss our requirements and business. With MBIG, I have the confidence that we are getting the correct coverages for our business—even as those needs change over time.”