G. L. Sicherman 912 Deal Road Ocean, N.J. 07712-3456 +1 732 493 3274 July 7, 1998 New Jersey Department of Banking and Insurance Box 325 Trenton, N.J. 08625-0325 Dear Department: On June 16, 1998 my wife and I refinanced the mortgage on our house. Our broker was ESPO Financial Funding, Inc., of Cherry Hill. Chase Manhattan held the old mortgage. Irwin Mortgage (formerly Inland Mortgage) holds the new one. Irwin settled through Northeast Executive Abstract Agency, Inc. According to the terms of the settlement, we were to receive $213.29 on the agreed date of disbursement, June 22, 1998. Northeast sent us only $136.11, in a check dated June 25 and mailed with a postmark of June 27. A note on the check stub indicates that $77.18 in additional interest was withheld from our money. Chase Manhattan has told me by telephone that the old mortgage was paid off on June 26, four days late, and that the additional interest came to $50.18. Northeast has told me by telephone that Irwin paid them the settlement funds on June 24, two days late; and that Northeast sent Chase a check on June 25. We believe that we are entitled to the rest of our money from the settlement and request an investigation. I enclose copies of the broker service agreement, the settlement form (form HUD-1), the check, and the envelope. The addresses and telephone numbers of the parties are: Irwin Mortgage Corporation ESPO Financial Funding, Inc. 11800 Exit Five Parkway 801 North Kings Highway Fishers, Indiana 46038-9627 Cherry Hill, New Jersey 08034 317.594.8900 609.667.8500 Northeast Executive Abstract Agency, Inc. Chase Manhattan Mortgage Corporation 7510 Brous Avenue 3415 Vision Drive Philadelphia, Pennsylvania 19152 Columbus, Ohio 43219 215.546.3900 800.848.9136 Very truly yours, (s) George Sicherman George Sicherman ''/* Cc: ESPO, attn. Joanna Rutter Northeast Executive, attn. Peg Ianuzzi Irwin Mortgage Anmarie Barrie, Esq.