Starting with the obvious, check that your bank statements do not contain additional or unexpected transactions, or transactions applied twice for the same amount. If you normally pay interest and principal amounts once a month, then incorrect transactions should stand out. Look for additional fees, account adjustments, charges for ancillary products (like insurance) or other transactions that should not be there.
Make sure that if there are any withdrawals from the loan, you know what they are for. Human errors happen, and the bank staff may accidentally withdraw money from your mortgage to pay a different client (all it takes is for them to enter one digit wrong when typing an account number). If you don't normally withdraw funds from your account this should be a simple check, however if you have many legitimate transactions, it could require a more thorough mortgage audit.
Taken from : www.homemoneymanager.com
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