Loss Draft Processes

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1.
When mortgage payments are made on time they are...
2.
When mortgage payments are past due they are...
3.
A W9 is needed for all banks when the loan is in...
4.
Claim payment document from insurance company, needed before first draw
5.
Claim estimate from insurance company, needed before first draw
6.
Document signed by borrower, needed before first draw (except for Freedom loans)
7.
Tax document needed to make check payable to third party
8.
Document needed for USDA claims specifically
9.
Repairs completed without the use of a contractor
10.
Repair requiring a licensed contractor
11.
Account on loan where claim funds are held during processing
12.
Release of funds from banked claim funds
13.
What is needed to release additional funds after the initial draw
14.
Document filled out by contractor only, needed before final draw
15.
How we determine loan status for non-BOA & non-USDA loans
16.
How we determine loan status for BOA & USDA loans
17.
Another name for USDA