You are familiar with term insurance. In simple definition, insurance is protection to prevent financial loss for certain things. For example, you use health insurance when having illness. Company pays certain amount of money to hospital based on type of insurance you have. This is also what Nationstar Mortgage does for customers. To handle insurance and related matters, it will be the responsibility for Nationstar loss draft department.
Why do you need Nationstar Mortgage insurance? Mortgage is not just buying and selling house. When having insurance, customer receives financial protection such as repair, maintenance, or return after something happens on their house or real estate. Insurance is not only for bad situation or accident, but also for losing profit of rate.
Nationstar loss draft department has task to manage loss activity. As a matter of fact, you will require documents, papers, and contract to claim loss using insurance. Is insurance necessary? The answer is yes for several reasons. Mortgage is loan for property, including house. As you know, every location has different risk. When you choose and live in dangerous area, insurance is something that cannot be avoided. You may prepare certain money when bad event occurs, but it may not be enough. Insurance makes uncertainty into certainty using statistical method to measure the risk.
Nationstar Mortgage will help customer and client when house or property is in trouble or damage. Company provides financial support for repairing until the house back into normal condition. This is job for Nationstar loss draft department. There are several insurances to fulfill customer needs. Which one is better? You do not have to pick all of them, but only one or few based on your risk.
Insurance types are insurance for flood, hurricane, wind, and rain. There are also insurances regarding subsidence and homeowner association. When taking mortgage, Nationstar Mortgage will urge to take insurance. You can send claim to insurance company then receive check to repair or loss replacement.
You can contact Nationstar loss draft department at 866-825-9302. It is the number to confirm any insurance and loss issue. Besides that, you can visit Nationstar Mortgage website on www.mrcooper.com to get more procedures. On website, you see will Lost Draft Claim Package. There are documents to be filled when doing claim for your loss. Documents are Proposal or Contract signed, Repair document, Bond or Contractor license, release of Lien Requirement, Building Permit, Worksheet Adjuster, and Settlement Certificate. Those documents should be available before sending a claim to Mr. Cooper.
You can contact previous number when finding problem to understand on workdays. This company has team and professional employees to manage loss and claim. Customer and client do not hesitate to ask regarding any procedure. You may send fax to number 1-866-411-8857. Make sure the loan number is on your fax for checking. Mail or letter is also available to send any claim and lost to Nationstar loss draft department. You can send to Mr. Cooper Nationstar Mortgage LLC Attn: Draft Loss PO Box 6501 Springfield, OH 45501. For overnight mail, loss draft department will receive mail from Attn: Draft Loss 1 Road Assistant Springfield, OH 45505.