Loss draft department 2025

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The document is an Insurance Claim Disbursement Form from RoundPoint Mortgage Servicing Corporation, detailing the processes for disbursing insurance loss draft claims for property repairs. It outlines two main disbursement methods: Monitored Disbursement for past due loans or large claims, and Full Disbursement for current loans with smaller claims. Required documentation for each process is specified, along with instructions on how to initiate the disbursement. The document also includes contact information and legal disclaimers regarding debt collection.

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Click ‘Get Form’ to open the Insurance Claim Disbursement Form in the editor.
Begin by entering your Borrower Name, Street Address, City, State, Zip, and Loan Number in the designated fields.
Review the two disbursement processes: Monitored Disbursement for past due mortgages or claims over $40,000, and Full Disbursement for current mortgages under those thresholds.
Select the appropriate checklist items based on your situation. Ensure you have all required documents ready for submission.
Fill out the Mortgagor’s Affidavit and Contractor’s Affidavit sections as needed. Make sure to provide accurate information regarding repairs and costs.
Once completed, save your form and submit it via email or fax to RoundPoint using the provided contact details.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a draft loss?

When a disaster strikes your home, your insurance company may issue an insurance claim check, which can also be called loss draft funds. A claim check is meant to cover various costs, including repairs.

What is a draft in insurance?

Loss draft checks are checks issued from a borrowers insurance company. They are issued when a claim is processed on behalf of a borrowers collateral property.

What is a loss draft check?

A loss draft is a check issued by an insurer to a homeowner for damages to their property caused by natural disasters. Typically, an agent from the insurer will inspect the damage before issuing the loss draft.

What is the phone number for Carrington Mortgage Loss draft Department?

Still have questions? Connect with one of our online customer service representatives for additional assistance at 800-561-4567. Natural disasters and other accidents cause home damage every year, which requires the homeowner to file a homeowners insurance claim.

What not to say during a home insurance claim?

On August 29, California enacted AB 493, which mandates that financial institutions holding hazard insurance proceeds in a loss draft account while property repairs are pending pay at least 2 percent simple annual interest on those funds.

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