Monday, October 26, 2009

Ascent Home loans are they"fraud " does the company really exsit.?

they want me to goin the team as a loan officer .they say they pay 100% commisons.but they want me to send 95$ prossing fee,before i send my app.for employment.is this a scam.?



Ascent Home loans are they%26quot;fraud %26quot; does the company really exsit.?

Looks like they exist, at least for now.



There%26#039;s no possibility of paying you 100% commissions, and they%26#039;re not taking any fees or trimming the pricing you see to pay themselves.



The way their website reads, you keep every penny that comes in the door. That%26#039;s not possible, not if you expect them to be in business the following week.



So, #1 question for them: Where are they making their money???



#1 question for you: Are you already working as a loan officer? If not, find a local company to work for that will train you, not some company in Colorado. I%26#039;m assuming you don%26#039;t live in CO.



The $95 processing fee seems a little ridiculous, if they have any real reason to believe they want to hire you, they should cover the expenses. I%26#039;m assuming part of that money is for a background and credit check, but who really knows?



There%26#039;s hundreds of mortgage companies to work for, not one of which would require upfront money from you just to decide if you%26#039;re good enough to work there. I%26#039;d look elsewhere.



Ascent Home loans are they%26quot;fraud %26quot; does the company really exsit.?

People should really learn how mortgage banking works. They are able to pay 100% because their pricing is made from selling and servicing the loan. This is known as VIP%26#039;s and SRP which is made after they bundle 10-15 loans together and sell. Report It

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