Loss Draft Processes

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