Just when you think you are making progress by getting the insurance check in the mail, you notice your mortgage company is listed as an additional payee and an endorsement will be required. This is always exciting especially when you have a roofing contractor that is anxiously awaiting payment. When you?re working through your insurance claim, working wth an experienced colorado springs roofer, can certainly walk you through some of the questions that arise! Most roofing companies in Colorado Springs have experience with the insurance restoration process, including policies and procedures of some mortgage companies.

Why must the mortgage company need to endorse my insurance check?

While it seems like a waste of valuable time, this policy is in place to safeguard against those who would misapply their insurance money and never complete the repairs. Understandably, the mortgage companies are protecting their investments, but none the less, it makes for additional work for the insured. The process can be time consuming so it?s best to begin as soon as the check arrives.

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What do I do with the insurance check?

As soon as you find out your claim has been approved and funded, call your mortgage company to ask them specifically what steps they require you to go through to get it endorsed. It varies between companies. If there is not a local branch in which you may take it, write down the address to which to send it. Write down which documents you will need to provide them. Most want a copy of the insurance loss statement, and some require contractor affidavits and release of lien documents that have to be notarized by your contractors. Many roofing companies in Colorado Springs should have the ability to provide all necessary mortgage company documentation. Some require a W-9 from your contractor. Sometimes homeowners are required to schedule inspections by a mortgage company representative upon completion. The more you find out in the initial conversation, the more smoothly the process will go. Many or the largest banking institutions are located in Arizona, California, Florida and Texas. Other institutions are scattered throughout the nation. If you?re a lucky homeowner than you may have a local branch with a management staff that?s able to endorse the mortgage company check for you. We?ve found that in Colorado the local Credit unions that have given home loans are easy to work with when a mortgage check needs to be endorsed. In addition, Wells Fargo local branches seem to always have a willingamanager that has the ability to endorse a mortgage company check that has been listed as an endorsee on a check for a property insurance claim. There are some other banking institutions that the process is quite simple, however don?t be surprised if it takes a lot longer than you expect. Either way the sooner you begin the easier it will be for you to begin working with a contractor and ultimately to pay the contractor the final payment when all work is completed. Almost all insurance companies will release funds over two payments. The first payment is part of the actual cash value payment. The second payment is the recoverable depreciation part of a replacement cost value policy. I?m assuming that you have a replacement cost value policy. If you would like more information on this subject please browse through our pages.

How long does this process take?

Consider sending the insurance check overnight to them to expedite the process if that will benefit you. Allow up to 10 days on average for them to process the endorsement and send it back to you. In some cases, the mortgage companies will keep the checks for over a month or create an escrow in which they only release partial payments of the insured?s insurance funds. Historically when the lenders client has a history of slow payments than they will release the funds in proportion to the work that has been completed. Many times the mortgage company will hire an inspector which will go to the property with the insurance claim in hand. This home inspector will insure that the scope of work which is listed on the adjuster?s claim summary has been completed. If the work is completed the inspector for the mortgage company will notify the mortgage company of the facts. Of course the length of time necessary for this to occur will depend on the inspectors schedule and timing of necessary protocols that have to be met by the inspector with the hiring mortgage company. If the mortgage company only requires one inspection at the completion of all the work on the insurance loss statement this will certainly benefit the homeowner. Again there will be some occasions when the mortgage company may require multiple inspections. If one is extremely lucky and the mortgage company doesn?t require any inspections than the entire process of time should be shortened. However, there are times when mortgage companies are overwhelmed with all of the insurance claims handling process with all of their loans and it happens to coincide with a time when they are short handed thus extending the time that it takes for this process. Overall if everything goes smoothly than it should take up to 10 days to get the mortgage company check endorsed.

What is the role of my contractor in the endorsement process?

At times the homeowner is asked to pay out of pocket and get reimbursed with their funds after proving payment in full to their contractor. This along with the other delays mentioned above can create a difficult situation for the homeowner who has timely repairs to make and is unable to access the funds by which to pay the contractors. Don?t be afraid to ask the contractor to speak to your mortgage representative on your behalf if you find yourself in this difficult situation as this can be highly effective in getting a rapid response. However, in most cases, the contractor is not involved in the mortgage company endorsement process other than to provide requested documents to the mortgage company.
If you are fortunate enough to have paid off a mortgage or if you refinance your loan, please confirm that your insurance company is updated, so they will not issue a check on your next claim to a mortgage company that does not have any legal recourse to sign it. This oversight can cause unnecessary delays in having your insurance funds available to make necessary repairs. The good news is that it is easily avoided with a phone call or letter to the right department.

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In the annual ?Best of the Brazos? vote, put on by Bryan Broadcasting, Schulte Roofing has been nominated for the fifth consecutive year.a Best of the Brazos is annual competition where community residents vote on their favorite local business and service provider.a Geared towards celebrating local business, the Bryan Broadcasting has been circulating the promotion for the last 13 years.

David Schulte attributes their growth and success to, ?Honesty and Integrity?, the company slogan.a By equipping that business philosophy in their toolset has allowed Schulte Roofing to offer some of the best guarantees and warranties in the roofing industry.a

Known as the ?Home of the Bulletproof Roof« Guarantee?, Schulte Roofing has built a reputation that guarantees 100% satisfaction or it?s free.a The Bulletproof Roof« Guarantee is a warranty that exceeds manufacturer specifications and guarantees customer satisfaction.a Additionally, it comes with 3 years of free maintenance and roof inspections.a

David Schulte believes that inclusive roofing system is exactly what homeowners need.a ?It is a system that covers and protects your entire life,? according to Schulte.a Removing the hassle and trouble in conventional roofing projects helps the homeowner by eliminating the normal concerns and worries.

According to its President, Schulte Roofing also believes that their main goal is to educate homeowners on the roofing process and the thousands of choices available.a Properly educating the homeowner on how roofing systems work and the options they have is the best way to find their roofing goals.a Roofing goals can range from energy efficiency, to solar power conversion, to low maintenance, to long term warranties, to low cost.

Education also provides an opportunity for homeowners to learn about the thousands of choices available.a ?There are literally thousands of options?, David Schulte states.a Options range from material type like concrete tile, laminate shingles, composition shingles, asphalt shingles, standing seam metal, and hundreds of other composites.a

In addition to roofing material options, color options have greatly expanded for all material types.a Now homeowners can truly design and outdoor color scheme that takes the roof?s color into account.a Home designers and architects have a new range of options and elements they can use due to advancements in roofing technology.

Working with insurance companies has also proven beneficial for Schulte Roofing and home owners.aa ?A lot of the business we handle involves insurance because of stormy weather?, David Schulte notes.a ?We?ve created a streamlined process that facilitates the communication and transactions between us, the insurance company, and homeowner.?a

Schulte Roofing has dedicated insurance specialists which help inspect roofing damage, facilitates proper documentation to the insurance company, and helps to ensure that all parties move through the repair or reroofing process smoothly and quickly.

Schulte Roofing has been nominated for their 5th consecutive Best of the Brazos Valley Award for ?Best Roofing Service?.a To vote, please go to: http://bestofthebrazos.com/vote/10/9#BestRoofingService

When people think about keeping their house safe, they tend to think about a security system or door locks, but not a gutter system. Gutters do aalot to keep your Houston home safe and sound. They help direct water away from your roof and away from the foundation of your home. This contributes to preventing leaks and foundation damage, particularly when water can suddenly freeze, causing cracks and damage. Before you install gutters, there are some considerations you need to think about. Here is what you need to know before you install gutters at your Houston home.

Choose the Right Company

Get a Quote

Before starting the gutter installation process, you will want to have some idea of how much the project will cost. Your roofing company should provide you with an accurate and reasonable price estimate before work begins. If they refuse to provide you with a quote, that should be a big red flag.

Gutters Should Compliment, Not Distract

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