What is a loss draft associate?

Loss Draft Associates are professionals who work in the mortgage or insurance industry, handling the disbursement of insurance claim funds (loss drafts) for properties that have suffered damage. They act as a liaison between homeowners, insurance companies, and mortgage servicers to ensure that funds are released appropriately for property repairs. Their responsibilities typically include reviewing documentation, coordinating inspections, and monitoring repairs to protect the interests of both the homeowner and the mortgage lender.