Mortgage Company on Insurance check- what has been your luck

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Roofing/Construction Concerns Mortgage Firm on Insurance coverage check- what has been your luck Hey males I attain every last the understanding approximately why insurance coverage co. puts mortg. co on claim test and so on. , and so on etc Still a handful of roofing contractors in my region ( Indiana ) say no matter whether its less then 8k ( generally any quantity ) which they commonly have the H.O. sign test more than so that you can them ( endorse it ) along with then without difficulty deposit it into their provider account as “deposit only” as well as 99% of the time the bank effortlessly accepts it together with clear the test. I rapidly got a test for $4,800.00 from the H.O that Nationwide wrote…they simply held $450 recoverable depreciation. Subsequently 4,800 will way more then cover us until had been accomplished the task. ( its only 16 sqr. ) Question – Consequently the H.O endorsed it for you to me along with I signed it..can I easy deposit it? or is it a opportunity I have so that they can take that which they will “kick it back” in a couple of days. What has been your experience with depositing checks devoid of getting the Mortg. organization endorse it??? Again 2-3 contractors I talked to said they need deposited 50+ checks with mortgage provider title on it without having receiving them so as to endorse it in addition to their bank clears it in 1-3 days. Possibly because that they deposit 50k+ a month……………….me, not thus much your thoughts? Scott Statistics : three Replies 167 Views Post through ScottMRoofing

 

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