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- Nationstar Loss Draft Claim Package
Documents have been receivedand verified as correct, an initial draw will be disbursed in the amount of one-third of the totalclaim proceeds. All drafts will be payable to you, the borrower, and your contractor until thecontract is paid-in-full. All repairs must be completed by a licensed contractor; private repairsare not permitted. All insurance checks will be sent to your mailing address on file via regularmail unless you provide a prepaid mailer (with a label printed by an overnight car.
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Nationstar loss mitigation FAQ
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When a homeowner experiences a loss and payment is approved, the check for damages is made payable to the homeowner and their mortgage company. This payment is referred to as a loss draft.
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You can reach our Loss Draft Department at 866-825-9302 for assistance.
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Cooper customers can contact customer service via phone at 833-685-2566 or secure electronic message for prompt and personalized assistance. To file a formal complaint, please mail a letter to the address below or use the message center.
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What Does Loss Draft Mean? A loss draft is a check an insurer will issue to a home owner for damage(s) via natural disasters suffered to their property. An agent from the insurer will commonly come to inspect the damage before issuing a loss draft.
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If you're a Rocket Mortgage client looking to file an insurance claim, you can get in touch with our Insurance Loss team at (866) 947-8425.
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A loss draft is a check an insurer will issue to a home owner for damage(s) via natural disasters suffered to their property. An agent from the insurer will commonly come to inspect the damage before issuing a loss draft.
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Please give us a call at 866-867-0330 and let us know. We are always there for you to do everything we can to understand your situation and work out an arrangement that works best for you (and the sooner you call, the more we can help).
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Monitored Claim: The total amount of your insurance claim exceeds $10,000.00 or one or more of your loan payments has been late in the last 12 months. A Monitored claim requires the loss draft be deposited with PCU. We will manage the disbursem*nt of funds as work is completed.
Draft claim form Related content
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