Mortgage Company Loss Draft Process
1) Endorse Insurance Claim Check
2) Mail to the Mortgage Company’s Loss Draft Department
3) Fax or Mail Required Documents:
• Insurance Co. Paperwork
• Copy of Contractor’s Estimate
• Certificate of Completion
• IRS W-9 for Contractor
• Contractor’s Lien Waiver
4) Mortgage Co. will Release Full or Partial Disbursements as the Project is Completed.
5) Requires a Final Inspections of the Property by a Representative of the Mortgage Co.
*Flo-Dell Exterior Restorations can Assist in this Process from Start to Finish. The Average Time Spent by our Staff to Assist is 6-8 Hours. This is Valuable Time Saved for You.
Flo-Dell Exterior Restorations pride ourselves on being On Site… On Point… and On Your Side!