Is Your Escrow Account Correct? Government Officials Estimate that two-thirds of all Escrow Accounts Contain Overcharges of $150 to $1,000!
Since 1987, Loantech Has Uncovered Escrow Overcharges of $100 to $6,000! Is your escrow account correct? Find out today!
Use Loantech's copyrighted EscrowCheck™ service to have your escrow or impound account independently verified. As featured on NBC News, CBS, CNN and ABC's Good Morning America as well as The New York Times, Business Week, Los Angeles Times, The Wall Street Journal and hundreds of other publications.
Escrow or impound accounts are required by lenders to pay future recurring expenses such as real estate taxes and insurance premiums. Monthly payments and reserve accounts are determined by a complex system and your monthly bill is adjusted whenever property taxes or insurance premiums vary. However, these escrow payment adjustments often result in overcharges to homeowners!
What Kinds of Errors Occur?
Escrow errors include miscalculations of monthly payment amounts, incorrect, late or even non-payment of tax bills or insurance premiums as well as incorrect reserve levels. Escrow shortages occur when insufficient funds are held to cover future bills and overages occur if excess funds are held in the homeowner’s account.
Why do These Mistakes Occur?
Mistakes occur for several reasons including inexperienced personnel, incorrect escrow reviews, faulty software as well as incorrect procedures for computing escrow monthly payments…often resulting in monthly overcharges and excess funds held in the reserve or “cushion” account.
Make Sure Your Escrow Account is Correct!
Since 1987, Loantech LLC has offered its EscrowCheck™ service to homeowners. It’s an independent verification of your escrow account and will give you peace of mind about the accuracy of your escrow payment.
Here's what we'll do… We’ll audit your escrow account using our copyrighted proprietary software to uncover any errors -- whether your monthly payment is correct and whether excess funds are being held in reserve -- and you'll quickly know if you have been overcharged. You’ll also receive Loantech’s copyrighted Lender Refund Request Letter™ to use for obtaining a refund.
THE COST OF A COMPLETE ESCROW AUDIT IS ONLY $295.
QUESTIONS? NEED MORE INFORMATION?
Call 1.800.888.6781 or click here.
EscrowCheck is a trademark of Loantech LLC.