Get Loss Draft Package - Roundpoint Mortgage Servicing

This guide provides detailed instructions on how to complete the Loss Draft Package for RoundPoint Mortgage Servicing online. Ensuring that you fill out this form correctly will help expedite the disbursement process for your insurance claims.

Follow the steps to effectively fill out the Loss Draft Package.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling in your personal information in the Borrower Name, Street Address, City, State, and Zip fields. Ensure that all information is accurate and matches your mortgage documents.
3. Enter your Loan Number, which can be found on your mortgage statement, to identify your loan correctly.
4. Review the sections for Monitored Disbursement and Full Disbursement to determine which applicable process your situation falls under based on your mortgage status and claim amount.
5. If using the Monitored Disbursement, prepare the necessary documentation, including the insurance loss draft check, the Insurance Adjuster’s Worksheet, and the Contractor's Estimate/Invoice for repairs. Ensure to notarize the required affidavits.
6. For the Full Disbursement process, gather the relevant documents similarly but note that notarized affidavits may not be required for loss draft checks under $20,000.
7. Send the completed form along with the gathered documents via email, fax, or standard mail to the appropriate RoundPoint Mortgage Servicing contact as indicated in the instructions.
8. Once your documents are submitted, monitor for approval. The disbursement process will begin once the required documents are received and verified.
9. After completing the repairs, ensure that a property inspection is scheduled if needed and follow up with documentation to complete the process.
10. Finally, save any changes made, download a copy for your records, or print the form as necessary.

Complete the Loss Draft Package online today to ensure a smooth and efficient disbursement process for your insurance claim.