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mylossdraft.com Consumer Complaints & Reviews

Wells Fargo Home Mortgage Loss Draft Department - They are completely ridiculous and prolongs situations when getting your insurance settlement

Posted: 2011-04-19 by    Woody1
Complaint Rating:  100 % with 8 votes
We live in NJ. This is our 3rd flood in 4 years, 2 in the same year by a day. This mortgage company is abosoultely ridiculous and really jerks people around when it comes to getting their insurance settlement. People lives have been devistated and it takes easily 4 - 5 weeks before an adjuster...

Wells Fargo Home Mortgage - Extremely Slow Payment Processing

Posted: 2011-04-01 by    Heinz J. Fuchs
Complaint Rating:  93 % with 15 votes
Following the damage assessment of the water damage to our house in Garrison the insurance company paid for it relatively fast.
Unfortunately, Wells Fargo was required to endorse the check from the insurance.
Their processing department "mylossdraft.com" took over and the financial...

CitiMortgage - Loss Draft dept

Posted:    John Johnston
Complaint Rating:  92 % with 97 votes
I suffered a plumbing failure and subsequent flooding in my house in Florida while I was away on vacation. The insurance company promptly sent an adjuster and sent a check to me to cover the damages. Since CitiMortgage had the mortgage on the house I was required to endorse the check and send...

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