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Loss Draft Jobs (NOW HIRING)

Truist

Loss Drafts Specialist

Richmond, VA

$53K/yr

Remain compliant with investor guidelines throughout the loss drafts process. There is a 5 day in-office expectation. Essential Duties and Responsibilities Following is a summary of the essential ...

Truist

Loss Drafts Specialist

Richmond, VA · On-site

$53K/yr

Remain compliant with investor guidelines throughout the loss drafts process. There is a 5 day in-office expectation. Essential Duties and Responsibilities Following is a summary of the essential ...

Truist

Loss Drafts Specialist

Greenville, SC

$53K/yr

Remain compliant with investor guidelines throughout the loss drafts process. There is a 5 day in-office expectation. Essential Duties and Responsibilities Following is a summary of the essential ...

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Loss Draft information

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$16

$34

$91

How much do loss draft jobs pay per hour?

As of Jun 15, 2026, the average hourly pay for loss draft in the United States is $34.49, according to ZipRecruiter salary data. Most workers in this role earn between $19.71 and $33.41 per hour, depending on experience, location, and employer.

What are some common challenges faced by Loss Draft specialists when coordinating between homeowners, insurance companies, and mortgage servicers?

Loss Draft specialists often face the challenge of balancing timely communication between homeowners, insurance companies, and mortgage servicers. Delays can occur when necessary documents or inspections are missing or incomplete, which can slow down the release of insurance funds for property repairs. Staying organized, proactively following up on outstanding items, and maintaining clear documentation are crucial to overcoming these challenges and ensuring customer satisfaction. Additionally, Loss Draft specialists must be adept at explaining complex procedures to customers who may be under stress due to property damage.

What is the 3 month rule for jobs?

The 3 month rule for loss draft jobs typically refers to a policy where claims or payments related to a loss are reviewed or settled within three months. In some insurance or financial roles, it may also relate to the time frame for processing or resolving certain claims or disputes. Understanding specific company policies and industry standards is important for loss draft professionals.

What is the difference between Loss Draft vs Insurance Adjuster?

AspectLoss DraftInsurance Adjuster
Primary RoleProcessing and managing loss draft payments to settle claimsInvestigating, evaluating, and settling insurance claims
CredentialsMay require licensing or certification depending on stateOften requires licensing, certifications like AIC or CPCU
Work EnvironmentInsurance companies, claims offices, or independent agenciesInsurance companies, public adjusting firms, or independent consulting
Industry UsageCommonly used in claims processing and settlementUsed in claim investigation and assessment

While both Loss Draft specialists and Insurance Adjusters work within the insurance industry, Loss Draft focuses on processing payments to settle claims, whereas Insurance Adjusters investigate and evaluate claims to determine coverage and liability. Understanding these differences helps in choosing the right career path or job role within insurance claims management.

What job makes $10,000 a month without a degree?

A loss draft specialist in the insurance industry can earn around $10,000 a month through handling claims and negotiating settlements, often requiring strong negotiation skills and industry knowledge rather than a degree. High-performing professionals in this role may also work independently or for firms, with income depending on experience and success rate.

What is a loss draft specialist job description?

A loss draft specialist is responsible for reviewing and processing insurance claim drafts related to property or casualty losses. They verify claim details, ensure proper documentation, and facilitate the recovery process, often using industry software and adhering to company policies. Strong attention to detail and knowledge of insurance procedures are essential for this role.

What are the key skills and qualifications needed to thrive as a Loss Draft Specialist, and why are they important?

To excel as a Loss Draft Specialist, you need a thorough understanding of mortgage servicing, insurance claims processes, and relevant financial regulations, often backed by experience in banking or real estate. Familiarity with loan servicing software, claims management systems, and document verification tools is typically required. Exceptional attention to detail, problem-solving abilities, and effective communication with customers and internal teams are vital soft skills. These competencies are essential for accurately processing insurance claim funds, ensuring compliance, and providing timely service to clients.

What jobs pay 2000 a day?

High-paying jobs that can reach $2,000 a day include specialized roles such as surgeons, anesthesiologists, corporate lawyers, and certain executive positions. These roles typically require advanced education, certifications, and significant experience, often working in high-stakes environments or on a contract basis. Freelance consultants and project managers in certain industries may also earn this level of daily income depending on their expertise and client base.

What is a Loss Draft specialist?

A Loss Draft specialist is a professional who manages insurance claim payments, known as 'loss drafts,' typically related to property damage. They coordinate between insurance companies, mortgage lenders, and homeowners to ensure that claim funds are properly disbursed for repairs. Loss Draft specialists review documentation, monitor repairs, and facilitate the payment process to ensure compliance with lender and insurance requirements. Their work helps protect the interests of all parties and ensures that repairs are completed satisfactorily.
More about Loss Draft jobs
What are the most commonly searched types of Loss Draft jobs? The most popular types of Loss Draft jobs are:
What states have the most Loss Draft jobs? States with the most job openings for Loss Draft jobs include:
What job categories do people searching Loss Draft jobs look for? The top searched job categories for Loss Draft jobs are:
Loss Draft jobs near you
Infographic showing various Loss Draft job openings in the United States as of June 2026, with employment types broken down into 2% Internship, 79% Full Time, and 19% Part Time. Highlights an 96% In-person, 2% Hybrid, and 2% Remote job distribution, with an average salary of $71,730 per year, or $34.5 per hour.
Hybrid Early Stage Collections Specialist, I

Hybrid Early Stage Collections Specialist, I

Carrington Holding Company, LLC

Orange, CA • On-site

$23.50/hr

Full-time

Medical, Retirement

Posted 13 days ago

Job description

Job Description
Come join our amazing team and work a hybrid schedule!
The Early Stage Collections Specialist will be responsible for counseling borrowers on methods for bringing their loan current and/or exploring alternative solutions. Contact borrowers in the early stages (1-59 days) of the delinquency cycle and negotiate payment arrangement to bring borrowers current. In the event a borrower is unable to bring the account current, representatives thoroughly review the borrower's current financial situation and offer additional options depending on the circumstance. They also provide support to inbound Customer Service on high inbound volume days. Individual must perform all duties in accordance with the company's policies and procedures, all US state and federal laws and regulations, wherein the company operates.
This role generally performs work of low to moderate complexity. Incumbents are able to perform collections and customer service activities and may still be learning the more complex mortgage concepts and call types. The approved pay for this position is $23.50 per hour plus a monthly incentive bonus. An additional $1.50 per hour can be added if you are fully bilingual English/Spanish.
  • Evaluates and helps determine the borrower's ability to pay, and collects appropriate financial information in a courteous and professional manner, striving for first-call resolution and in compliance with all applicable regulations.
  • Counsels borrowers on their options through education of alternative solutions.
  • Contacts borrowers, utilizing an automated dialing system (Aspect Dialer) for both inbound and outbound calls.
  • Provide alternatives to borrowers who demonstrate the ability and or inability to pay, by educating them on repayment plans, loan modifications, short sales, Deed in Lieu of Foreclosure, and/or possible refinancing.
  • Negotiate reasonable payment arrangements with borrowers, initiate and explain required documents to complete a borrower "Request for Mortgage Assistance" package in compliance with department policies and procedures.
  • May function as the single point of contact for a borrower.
  • May need to escalate borrowers to a licensed Loss Mitigation associate for specific workout details.
  • Provide status on payments and payoff inquiries; verify payment history and new servicer contact information; process payments.
  • Assist with loan servicing website payments, denied access, password resets.
  • Respond to escrow, loss draft and closing document inquiries.
  • Provide status on a wide variety of servicing functions including payment/credit disputes, escrow refunds/shortage, loss draft, short sale, Deed in Lieu of Foreclosure, modification/refinance requests, repayment plans, and additional mortgages activities.

What you'll need:
  • High school diploma or equivalent work experience.
  • Less than one (1) year collections experience in a customer service/call center environment and /or loan servicing experience.
  • Experience in the Banking, Mortgage/Loan Servicing industries preferred.

Our Company:
Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you'll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.
What We Offer:
  • Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
  • Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
  • Customized training programs to help you advance your career.
  • Employee referral bonuses so you'll get paid to help Carrington and Vylla grow.
  • Educational Reimbursement.
  • Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

Notice to all applicants: Carrington does not do interviews or make offers via text or chat.
https://oag.ca.gov/privacy/ccpa

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