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Loss Draft Jobs (NOW HIRING)

AppleOne

Mortgage Loan Servicing Manager

Oxnard, CA

$50/hr

Key Responsibilities - Oversee mortgage servicing operations, including escrow accounts, tax payments, insurance coverage, insurance exceptions, force-placed insurance, and loss draft claim ...

Newrez

Director - Escrow (On-site)

Greenville, SC

Primary Function The Director Escrow has responsibility for one or more escrow administration functions including property tax, insurance, loss draft, HOA, private and government mortgage insurance ...

Newrez LLC

Director - Escrow (On-site)

Coppell, TX · On-site

Primary Function The Director Escrow has responsibility for one or more escrow administration functions including property tax, insurance, loss draft, HOA, private and government mortgage insurance ...

Essex Mortgage

Escrow Specialist

Ocala, FL

Handle insurance and flood-related tasks, including document retrievals, ACH payment setup, and processing of loss draft deposits. * Manage flood zone disputes, ensuring that flood determinations are ...

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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.
Mortgage Servicer II

Mortgage Servicer II

Desert Financial Credit Union

Mesa, AZ

Full-time

Posted 11 days ago

Desert Financial Credit Union rating

7.5

Company rating: 7.5 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

Job description

The Mortgage Servicer II is the first point of contact for all existing Desert Financial Mortgage Loans. The Servicer II assists members, credit union staff, and 3rd party vendors through phone, email, and internal systems with all post funding activities, ensuring exceptional experiences with every interaction.

What you will do here:

Process all loan-related transactions, including payoffs, loss drafts, hazard claims and CPI inquiries, payment inquiries and research, ACH requests, editing newly funded loans, lien perfection, escrow administration (taxes, hazard, flood insurance and mortgage insurance premium remittance), payoff processing and lien releases. Direct interaction with members, credit union staff and 3rd party vendors by phone and email for all Desert Financial Mortgage Loans.

Onboard new mortgage loans ensuring all loan data is accurately entered into servicing systems. Generates annual regulatory notices for escrow analysis and mortgage insurance. Generates and analyzes all required Adjustable Rate Mortgage changes and sends borrowers required ARM notices. Closely monitors hazard/flood insurance and ensures that all regulatory requirements for coverage and disclosure are met.

Process all inquiries received via iService, KeyInsight Opportunities and email. Respond within 24 hours of receipt to maintain a high level of member service. Responds to inquiries from inventors such as Fannie Mae and Mortgage Insurance Companies.

Process all mortgage loan-related transactions, including; payments, ACH requests, payoffs and requests, billing statements, loss drafts, and hazard claims.

Ensure procedures are followed for various servicing tasks and that quality standards are met, as validated by QC, auditors, investors, mortgage insurance companies and regulators (DFI or NCUA). Generate all regulatory notices, closely monitoring required

Perform other duties as assigned.

What you will need:

High School Diploma or GED required.

2+ years Prior experience servicing Fannie Mae or Freddie Mac loans required.

2+ years Related servicing or lending experience required.

Knowledge of mortgage loan products, rules and regulations required.

Knowledge of lending products that includes purchases and refinances of many different types of collateral required.

Knowledge of Mortgage systems, Keystone, OnBase, and FNMA Servicing Guide preferred.

Working knowledge of Microsoft Office Suite including Outlook, Word and Excel required.

Communication skills – ability to effectively communicate and present information both in person and over the phone; effective written and verbal communication required.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

For additional information about our organization, careers, and benefits visit: http://www.desertfinancial.com/careers.

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