Loss Drafts

A managed solution paired with the insurance programs you already place through us.

When a borrower’s financed property is damaged, the insurance claim funds flow through your institution as loss drafts that have to be tracked, disbursed, and monitored against repairs. It’s detail-heavy work that pulls staff away from core lending. As part of the broader programs we place for you, IL Group connects you with specialized loss draft management, so the process is handled by experienced partners while you keep a single point of contact in us.

Loss draft administration doesn’t have to be something your team carries alone. As your broker, we pair your insurance programs with established loss draft management resources, coordinate the relationship, and stay involved to make sure it fits the way you operate. The result: protected collateral, a smoother experience for your borrowers, and far less administrative weight on your staff.

Available as part of your IL Group program:

• Specialized loss draft management through established partners
• A single point of contact for your insurance and servicing needs
• Coordination that fits your existing workflows