Exhibit D, Settlement Payment Calculation — In re KServicing (Dkt. 671-4)

Summary

Exhibit D, filed March 13, 2023 as Doc 671-4 in Case 22-10951-CTG, is a two-page settlement payment calculation comparing CUBI and KServicing figures in side-by-side columns. It lists returned and cancelled loans of $3,617,304, borrower principal repayments and returns of $25,578,633 (CUBI) and $24,022,977 (KServicing), and interest collected of $1,030,328. It totals disputed KServicing holdbacks of $37,500,317 and $35,944,660 against a negotiated receivable of $58,000,000, giving settlement payments of $20,499,683 and $22,055,340. The calculation records $19,469,355 and $1,030,328 received from CUBI on 11/14 and 11/16, and $1,555,656 still owed by CUBI.

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Full text

Case 22-10951-CTG   Doc 671-4   Filed 03/13/23   Page 1 of 2




               EXHIBIT D
                 Case 22-10951-CTG           Doc 671-4    Filed 03/13/23     Page 2 of 2

                           SETTLEMENT PAYMENT CALCULATION

                                                                           CUBI             KSERVICING
Returned/Cancelled Loans                                                   $3,617,304        $3,617,304



Returned/Cancelled Loans in Remittance Report                              ($426,258)        ($426,258)

Additional Loans not Disbursed (per Danny)                                   $35,899            $35,899

Adjusted Returned/Canceled Loans                                           $3,226,945        $3,226,945
Borrower Principal Repayments and Returns per Remittance File            $25,578,633        $24,022,977
Interest Collected                                                        $1,030,328         $1,030,328
Reported Remittance Account Variance                                        $497,900           $497,900
Total Borrower Remittance Payments (P&I)                                 $27,106,862        $25,551,205
Adjusted Returned/Cancelled Loans                                          $3,226,945        $3,226,945
Total Borrower Remittance Payments (P&I)                                 $27,106,862        $25,551,205
Fees Owed to SBA (Borrower Overpayments)                                 ($1,150,513)       ($1,150,513)


Disputed KServicing Remittance Holdbacks                                 $29,183,294        $27,627,637
Disputed KServicing Fee Holdbacks                                          $8,317,023        $8,317,023

Disputed KServicing Remittance Holdbacks                                 $29,183,294        $27,627,637
Disputed KServicing Fee Holdbacks                                         $8,317,023         $8,317,023
Disputed KServicing Holdbacks                                            $37,500,317        $35,944,660
Negotiated Receivable                                                    $58,000,000        $58,000,000
Disputed KServicing Holdbacks                                           ($37,500,317)      ($35,944,660)
Settlement Payment                                                        $20,499,683        $22,055,340




                                                Rec'd from CUBI 11/14    $19,469,355
                                                Rec'd from CUBI 11/16     $1,030,328
                                                                         $20,499,683

                                                   Still owed by CUBI      $1,555,656


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