LOAN HISTORY AUDITS

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MORTGAGE MISCALCULATIONS AND OVERCHARGES CAN OCCUR DURING THE HISTORY OF THE LOAN. IMPORTANTLY, THE  MORTGAGE VARIABLES  -- LOAN AMOUNT, INITIAL INTEREST RATE, MORTGAGE INDEX OR OTHER FACTORS MAY HAVE BEEN INCORRECTLY USED BY THE LENDER WHEN CALCULATING DAILY OR MONTHLY INTEREST CHARGES,  AMORTIZATION AND LOAN BALANCES.  MOREOVER,  MONTHLY PAYMENTS FOR ESCROW ACCOUNTS AND DISBURSEMENTS FOR ESCROW SUB-ACCOUNTS CAN OFTEN RESULT IN THE LENDER MAINTAINING EXCESS FUNDS IN THE RESERVE OR "CUSHION" ACCOUNT.  IN ADDITION, THE SOFTWARE USED BY THE LENDER CAN SOMETIMES  MISCALCULATE THESE VARIABLES.  LOAN HISTORY AUDITS BY LOANTECH WILL UNCOVER ALL INSTANCES OF OVERCHARGES AND MISCALCULATIONS.