Complaint Review: Ameriquest Mortgage Company - Orange California

Well today isnt a good day for the enron guys lol.Guilty on all accounts and 18 out of 26 counts for the other guy.Well ameriquest get ready you guys are next it was only a matter of time and i think its great. Its about time this giant corp are going down for ripping the little guy off and today only shows that it could happen. So keep up the fight and ameriquest will go down for what have have and still do to people across the united states. Thanks rip off report!!!!!!!!!!

Rex is right im not the only one that thinks your an idiot! And just like all the other past employees that come on here and run their mouths for about a week or two they vanish! As i stated before several times you keep running your mouth you only show what ameriquest is really like.Ruid to thier customers! So i must of been right they came to your little office in the corner and escorted you right out the front door, although you might not admit but i know it happened.But i also know you will be comming on here to check what we are saying only to prove to you i was right! Well we all need to keep fighting these jackasses and we will win its only a matter of time! One more thing if i ever see any ameriquest employee and he happens to be on fire i want them to know that i wont even piss on them to put the flames out! Thats how pissed i am, and that should answer your remark one that you made some time ago, that i needed anger management and you right i do but i tell you this before all this i was doing great now im depressed,i have lost trust in everyone i do bussiness with and i snap at the drop of a hat! And i owe all that to ameriquest from what they have done to my family and myself! Keep up the great work rip off report i wish everone new about this site that was ript off by ameriquest because their is way more than just the 536 complaints on this site. The last check with the attorney general their is 6000 complaints in michigan alone! Good luck to all and GOD BLESS !!!!!

Who do you really think you're talking to? I'm still trying to figure out why you're defending Ameriquest. Go ahead and tell us here "why". What are you doing with your career now? Are you so tough that you're going to take on everyone who posts on the 'net? Is that your life, now? You really do have a comprehension problem, don't you? From your inability to type and your inability to form sentences properly, you're a good candidate for content & long-term employment at Ameripest. Let's review your mindless drivel from the posts above: "I was wondering if you get paid "overtime" at your new broker shop." REPLY: Look me up in the phone book and I'll tell you how it all works in the straight world, thug-boy. "When you were told you weren't going to be paid overtime did you quit? REPLY: No; I never asked about OT. It was brought up by others. "Did you report them to the authorities?" REPLY: It was already in the works. Just like all the other lawsuits. When I interviewed I was warned to watch this Co. Had a friend in the placement business. She told me plenty. "Those were the terms you agreed uppon and accepted in order to make 10's of thousands of dollars "ripping" people off right?" REPLY: It must be that because you were / are ripping people off that you assume everyone from Ameriquest was / is doing the same. If you know your way around the company, then you'd know that it is possible to do clean loans within AMC and have enough LOOs under you so that you can stack loans and look good at month end. All the while, an AE can be brokering turndowns w/o any problems. "...your broker shop..." REPLY: You don't know a thing about my current broker employer. I'll let you all know that it's quite a bit larger than a "shop". "The fact that Ameriquest overlooked a loophole in the labor laws does not mean Ameriquest "abused" employees. Employees being paid what they are paid shouldn't get overtime too should they? I know you don't think so because you are working at a broker shop and not being paid overtime now." REPLY: You're just an idiot. Do you truly believe that a company with as many resources as AMC "overlooked a loophole in the law"??? You're still breathing the Ameriquest ether. Let us know when you come down off the high of ignorance. You have no real-world experience to compare these two types of remuneration. AMC pays their AEs about one third of their true market potential. For this reason, a salary + OT + monthly expense reimbursement means a great deal to those people. For a licensed Broker or R/E Salesperson, those amounts are negligible. The principle (I know you don't recognize that word) is that every dollar earned must be paid to the person who deserves it. "Rex, Thanks for the spelling help with "Broker". Maybe you would be better fitted in data entry where you could get paid overtime you deserve for working the extra hours." REPLY: I was doing data entry when you were shitting your pants, sonny boy. "If you were in a comissioned sales position and you are complaining about time cards I question your sales ablity." REPLY: I haven't complained about time cards. I detailed the B.S. that was associated with them at AMC. "This whole "Abusing Employees" part. Rex, quit and work at another place. Maybe high pressure sales isn't your gig. Some people actually LIKE it and are willing to endure it for the big paycheck." REPLY: I left the company on my own terms. I quit after returning from one of the contest trips, moron. Just so you know, the big paycheck is earned outside of AMC, you POS. And, that's not a high-pressure sales job. One-on-one or one-on-two selling is child's play compared to the corporate sales jobs I've had. Look at your peers. There was likely nobody in your branch that you could truly learn from. There was rarely any real talent in the branches, even the Mgrs were just glorified cheerleaders. "Rex, so you are saying that you worked at this place where you claim to be abused everyday for 16 months? Either you have no Onions to quit or you actually liked you job for the majority of your time with them." REPLY: Didn't say we were abused everyday for 16 months. Ask your mother to re-read my post to you. I clearly stated that I outlasted several managers and area managers and left on my own terms upon returning from the Superbowl trip. Only one area mgr was abusive to all the AEs and LOOs in each branch. Outlasting arrogant pricks like you was really the best part of the job. "You have to question someone who willingly accepted the terms of their employment for 16 months and comes back 3 years later saying he is "Owed" something." REPLY: I never signed the "at will" docs during my hire. My manager and I went around and around on this issue several times and he finally dropped it. My best guess is that he sent docs to HQ, signed by somebody else, for my hire. Also, I have not claimed to be owed anything at this time. When I left, I walked out with a grip of printouts that allowed me to make up the difference in three weeks. Everything on top of that is pure gravy, my friend. "16 months is an eternity in the sales world." REPLY: That statement shows us how young you are. I have held sales jobs for over five years at great companies that paid great salaries + bonus + benefits. You're just a punk! It's that simple. Later.

Quote: So true, Kathleen, but I am still laughing at that comment. I know that this is not really a funny situation that us customers got scammed so badly in, but sometimes it's great to get a little chuckle. That was a great comment. My wife and I blindly signed 56 signatures and initals EACH in 45 minutes. We never had any reason to believe we needed to watch out for danger. I have degrees in Biology, Chemistry, and Physics. I also have a State teaching certification and additional advanced certifications, and I have an engineering degree. And I NEVER saw this coming. I don't believe I would consider myself at the bottom of the food chain. I hope someday, that all these self righteous idiots who think that a unsuspecting consumer would EVER be considered at fault when a scam or a con takes place, really get blindsided by a scam they never expected. They are in for a very rude awakening if they think it would never happen to them. Wouldn't that just make your day if you could be a fly on the wall when that happened to one of these "perfect" critics?

Whatever ... POS and ONE You guys should just save your time and go somewhere else to comment on stuff you know absolutely NOTHING about. You know NOTHING of each of our situations. To comment as you have, and quite ignorantly I must say, just shows everyone the scum you are. Pos, whatever that stands for, probably Plenty of s**t, you say to try to get over it? It's kind of hard to GET OVER being screwed royally by your scumbag company. And this happens daily. So before you say get over it again, why don't you finance YOUR home with Ameritheft. I'm sure you would change your tune. I could care less what you say of people, like yourself, who worked there. ANYONE who worked there is scum. POINT BLANK PERIOD!!!!!!!!! I will let it go, as you say, when I can finally refinance with a REPUTABLE company. Got that buddy? I cannot focus on the POSITIVES in life until I'm free of this nightmare. Your beloved company has made sure that nothing positive will ever happen to a customer they have screwed. Oh, a customer that was LIED TO AND DECEIVED by reps such as yourself. Don't concern yourself with my anger. My anger has turned into my goal to ensure that absolutely NO ONE I come in contact with ever does business with this company. And I've done quite well. And things are moving along now at a rapid pace. I won't go into detail. But, like I said POS, put yourself in our position and see if you may start to feel INSANE RAGE I.E. As to ONE, there is not much I can say since every single comment you have made is ignorant and childish. It's not hard to see where they were or are employed. The comparison made with a car is quite amusing. To even say a customer took advantage of Ameritheft is ridiculous. Who takes advantage? This thieving company who robs their customers blind, that's who. A company who charges fees even they can't explain. The intelligence level of the employees might have something to do with that. Especially employees in the billing department AND office of the president. The billing department doesn't know their a*s from a payment they receive. The office of the president employees need lessons in customer service. When they can't seem to come up with an answer, or rather a lie, they simply hang up the phone. Anyway, ONE asks, how long does it take to read a mortgage? A hell of a long time dude. You, obviously have lived in apartments all your life. How much do I value my home? Enough that I would take on three jobs to keep it just so Ameriscum wouldn't have the opportunity to steal it. As far as the customers NOT GETTING IT? They don't GET IT because brainless employees, like you ONE, have absolutely nothing INTELLIGENT to say. I can't make any sense of any of it and I AM educated. So, if MANY people can't seem to grasp what you say, give it up. They can't GET IT and never will because your so-called rambling is what got you your job in the first place. Ameritheft employee requirements equal dumb, ignorant idiots who can lie and steal without batting an eye. In other words, NO conscience. And yes, dear ONE, your shitty company does want our homes. So quit trying to convince us of that because we ARE intelligent people who only made the mistake of becoming a screwed Ameritheft customer. I know you get compensated for every loan you make and then is foreclosed. AND you are NOT a bank dumbass. You are a mortgage company. Like duh. Even though your company thinks they are actually a credit card company with their bogus interest rates that just go up and up and up ??. So ONE, address this! Anything you pull out your a*s, I can counter with FACT. So give it a try but you will LOSE sucker. Also, any kind of insult either of you wish to throw my way, rolls off my back like sweat which reminds me of any employee of Ameriquest.

Thank's Guys I see you can't answer my question about how long it takes to read the contract, hmmm do you know? I bet he doesn't know. Num, how can you read the contract if you can't even spell, I could put a long list of the words you miss spelled but it would take all day....... lol..... I never said my home was over appraised that went fine it was the Bait & Switch Forgery Fraud that's pi$$ing me off, Did you tell your victims that you could negotiate the interest rate? Did you take the time to help them under stand the contract? Number Two, How many loans did you do in a day or week? Dude Get spell check before you come back OK! lol

I get the very uneasy feeling that you are trying to pull information out of us on this forum, here. It is obvious that your guise of "Ameriquest can't do this or that because it's against the law" is certainly flawed. If you have done any reading/research at all, you not be making these inaccurate comments. I am suspicious of your motives for being on here. You seem to have no vested interest for being on here. Bashing victims of a scam does not make any sense. Guys, with everything else that Ameriquest has done that has been "unbelievably" illegal, it stands to reason that they could have decoys, mining for information that could turn up in Court against us? Don't give these two, or anyone on here any details of your impending case. Protect yourself against these agents. There is no way these guys can be this dumb and ignorant... One has remained relatively calm after being clobbered on this forum. Something's not right here... I smell a rat. They will now try to cover for this. Watch.

I get the very uneasy feeling that you are trying to pull information out of us on this forum, here. It is obvious that your guise of "Ameriquest can't do this or that because it's against the law" is certainly flawed. If you have done any reading/research at all, you not be making these inaccurate comments. I am suspicious of your motives for being on here. You seem to have no vested interest for being on here. Bashing victims of a scam does not make any sense. Guys, with everything else that Ameriquest has done that has been "unbelievably" illegal, it stands to reason that they could have decoys, mining for information that could turn up in Court against us? Don't give these two, or anyone on here any details of your impending case. Protect yourself against these agents. There is no way these guys can be this dumb and ignorant... One has remained relatively calm after being clobbered on this forum. Something's not right here... I smell a rat. They will now try to cover for this. Watch.

I get the very uneasy feeling that you are trying to pull information out of us on this forum, here. It is obvious that your guise of "Ameriquest can't do this or that because it's against the law" is certainly flawed. If you have done any reading/research at all, you not be making these inaccurate comments. I am suspicious of your motives for being on here. You seem to have no vested interest for being on here. Bashing victims of a scam does not make any sense. Guys, with everything else that Ameriquest has done that has been "unbelievably" illegal, it stands to reason that they could have decoys, mining for information that could turn up in Court against us? Don't give these two, or anyone on here any details of your impending case. Protect yourself against these agents. There is no way these guys can be this dumb and ignorant... One has remained relatively calm after being clobbered on this forum. Something's not right here... I smell a rat. They will now try to cover for this. Watch.

I get the very uneasy feeling that you are trying to pull information out of us on this forum, here. It is obvious that your guise of "Ameriquest can't do this or that because it's against the law" is certainly flawed. If you have done any reading/research at all, you not be making these inaccurate comments. I am suspicious of your motives for being on here. You seem to have no vested interest for being on here. Bashing victims of a scam does not make any sense. Guys, with everything else that Ameriquest has done that has been "unbelievably" illegal, it stands to reason that they could have decoys, mining for information that could turn up in Court against us? Don't give these two, or anyone on here any details of your impending case. Protect yourself against these agents. There is no way these guys can be this dumb and ignorant... One has remained relatively calm after being clobbered on this forum. Something's not right here... I smell a rat. They will now try to cover for this. Watch.

Like I mentioned, I had always heard that lenders DO NOT want the property back. So when I went into negotiations with them for the redemption of my house, I was totally blown away by their cold shoulder - not returning calls, making me feel like they had other things to do beside talking to me and helping me save my house that we had raised our five children in. This line of thought ("they don't want the house back") is what really threw me off the trail as far as me figuring out this was a predetermined scam to take my house. I also thought that I had just run into extreme bad luck, when they "changed the rules" on me at the last minute. I was thinking the same way that One and Pos are now thinking: "There is no way on God's green earth that they would ever want this home." Boy, was I wrong! That base thinking kept me from realizing the predatory lending practices that were being employed against me at the time. I just figured that they had such a huge bureaucracy, that they always followed strict policy - whether it hurt them or not (I have seen other companies like this - GMAC, for instance). I did not know that this scam was going on across the country in epic proportions. I would LOVE to have a figure of how many Ameriquest loans (or ones they originated anyway, as they sold most of them apparently) ended up in foreclosure between 1999 and the present. Run that figure against the average default/foreclosure of U.S. consumers with ALL OTHER lenders combined for some incredibly revealing numbers. All I know is that Ameriquest and their associated partners, broke the law when dealing with me (both the FBI and Michigan's OFIS have already acted against them), which resulted in massive undue suffering and embarassment for my wife and I. Am I perfect? ABSOLUTELY NOT! Does that mean that if I fall victim to an enormous and vicious scam, that it's my fault? ABSOLUTELY NOT! What idiot would ever think that... Oops! Sorry, forgot what was just written on this topic above here (and others, too). See? Told you I wasn't perfect... bad memory... I am not bitter. God always has a better plan. We are excited. We have a great payday coming! Wouldn't recommend to anyone that they pay the price we had to pay for that, though... But we are moving on with some exciting things that are happening for us now - while we wait for our rightful restitution.

You keep saying ameriquest would never give us more than a house is worth! News flash they have done it to thousands of people. And no my home isnt a dump smart *** i worked my *** off to make it the way me and my family want it. And over my dead body will ameriquest get my home it wont happen not in this life time!!! And i think you are the ignorant one because you still work for a company that screws people over. And back to the comment you made about employees from ameriquest comming on here not to be heard from again. It will happen to you also. You do know that their is a team of people from ameriquest that read these report dont you so im sure it will catch up to you. They will figure it out even though your hiding behind your computer and not saying your real name. You are a Chicken **** with a big yellow strip up your back. This is why their are web sites out there exposing companies like ameriquest for what and how they do bussiness. Its only a matter of time they will crumble so you stay there and be a good little employee and i hope you are there in the end when everything falls apart im sure by then you will be running a paper shedder wich im sure they have already started. You still havent answered my question from a while ago why are you hiding behind your computer and if thats your real name LMAO i would slap your parent if i where you but thank god im not see ya. THANKS RIP OFF REPORT FOR GIVING US A CHANCE TO GO AGAINST HUGE COMPANYS LIKE AMERIQUEST IM SURE THEY WILL BE THE NEXT ENRON BUT WITH A HUGE TWIST!!!

Lets say I "lied" to you and told you your car was worth $200,000. Then I said I would buy for $200,000 but it would cost you $10,000 (netting you only $190,000) in fees, would you sell it to me? Yes you would and that is exactly what you did, you took advantage of a company and screwed them if you sold (or took a loan out for that amount) your home for more than it is worth. I've tried logicaly explaining this several ways. I want you all to understand it makes no scence for a bank to give out money for things that are worth less. Yes Ameriquest CAN and usually does Contact a local THIRD PARTY appraiser for you so you don't have to look one up in the yellow pages. You are welcome. How long does it take to read a mortgage you ask? I ask, how much do you value your home? If you don't understand the language, why don't you hire an attorney or expert for $100 to review the documents for you? $100 is cheep, and you probably saved at least that every month since your refi. David, please be more specific with your "steal"ing accusations. Ken, The reason why employees don't keep posting for 2 weeks is because you DON'T get it and they give up. I've logically explained all of your specific concerns yet you cant mentally grasp the ideas. We don't want your house for the 100th time. We are a bank not a real estate investor. We have more properties in REO than we want. If you want any of them for less than what we paid for them let us know ASAP. We are trying to get 70 cents on the dollar for these delapidated properties. WE DONT WANT YOUR FORECLOSED, BEAT UP HOUSE. I will gladly address any NEW concerns of anyone that have not been alread addressed. Pos, thanks for the back-up. Its nice to know someone out there understands the econcomics of it. ONE

You know something guys i have been on the site for sometime now and these ex and current employees really have no clue i mean really if you think about it they did work for ameriquest and they sure did know what was going on if not they must of been under their bosses desk. But we all have our own opinion and we can voice that but if they (ameriquest employees) dont understand or want to understand we cant change their minds. Im beginning to think all these stupid comments comming from ameriquest employees is probabley just one employee. Because these guys (some of them) keep saying sorry we know their was some misleading practices going on in ameriquest but we are still right and the consumer is wrong. Because if they really are sorry they still wouldnt be working for such a fraudulant company. Well i have noticed that Jack Roush hasnt had ameriquest as the main sponsor on greg biffle nextel cup race car. Im sure they are getting flooded with e-mails to roushracing.com . Well one, sarah, craig, joe, rueban and the rest that come on here and say things they nothing about if you guys are so clueless to whats going on do me a favor. Go to work tomarrow and ask your boss maybe he can explain it better for you. I just wish someone told me about how ameriquest does bussiness before i refi with them, wich should of been public info that ameriquest should tell ALL their new customers!!! Thanks Rip off Report keep up the great work!!!!

It's called packing and flipping, they pack you with fee's you can't pay then they foreclose and flip your home for thousands more on the resell, the high appraisal keeps you from selling or getting away, it's a trap. just look up predatory lending and mortgage servicing fraud. You guys that are in the business would know this if Ameriquest hired real brokers/Brookers instead of fifth graders, they do that so they can get your help to steal our home and you guys or most of you don't even know it. Think about it. Would you be mad if I took your home or car? Hey Sara do you know how to get in touch with your compliance officer at ameriquest or Mr. Moore? Keep Fighting Back Everyone! Question for One or anyone, how long does it take to read an ameriquest contract?

I really believe you both have no idea what was going on at the field level of Ameriquest's operations. Do you really think those front line Ameriquest agents gave a rip about Ameriquest? Seriously - do you really think that??? Or do you really think that whether or not Ameriquest got stuck with a F/C was a concern of these agents??? Not on your life. They were interested in one thing - MAKING MONEY FOR THEMSELVES - NOW. PERIOD. They inflated appraisals to get illegal closing costs for themselves, and the title companies that were complicit, and the appraiser who collected $850 by sitting on his couch 185 miles away from me and calling the Title company - did I mention that the title companies were complicit in these scams? - and telling them over the phone (the OFIS and FBI will substantiate this when the time comes) a figure to put down on the loan docs for a "value". Don't EVEN try to tell me that "they can't legally do that." They were doing that EVERYWHERE. Aren't you reading? And I'm not talking about just this forum. Check out news reports and a myriad of other investigations and consumer reports in multiple formats. Check out official Court cases that Ameriquest is losing to the tune of $1-$6 million per plaintiff. This makes a Michael Douglas movie look like a walk in the park. My Ameriquest agent, when I called him on the carpet about the appraisal cost, said - AND I QUOTE: "That's what it will cost to get the appraisal we need." He had psychologically already hooked me, having me think everything was a done deal. I had even already called people to prepare for the money and he knew it. That's how a scam works. So I grudgingly gave in on this argument. Why any bank or lender would EVER want a F/C, is beyond me. However, that does not change the fact that this was a rampant practice across 49 states and the District of Columbia. Why did they do this? Don't know. Don't care. They did it. They used illegal predatory lending practices in my case. PERIOD. Why? I'm not staying up all night trying to figure that out. I don't really need to know their motives. You are asking me, "Why would they ever do this?" Great question! When you find out, let me know. All I know is that I dealt in good faith and they not only didn't, but they acted illegally in seven counts. End of subject... By the way, did you know (and some of you do) that in the Good Book it says that when the devil steals from you that you will recieve DOUBLE back? One and Pos, you seem to be out of touch with reality. I don't know what else to tell you... Probably shouldn't even be trying to explain anything, I guess. I have no idea what earthly good it's doing. I doubt I am changing your minds, and I'm not sure it's necessary to even attempt to do so. So God Bless and I wish you both well. Dave

Sorry David and Ken, One is right, in respect to the loaning process. It's not just ameriquest it just plain ol banking 101. No bank, and I mean no bank wants to loan you more money than you property is worth. It's a bad investment for the bank if a borrower defaults on the loan and it makes absolutley no sense!!! And just to throw a little extra spin for everyone out there, yes I am an ex-employee of ameriquest. I left at the end of 2005 after working there for a year. I left b/c of several reasons, but to make a long story short No, I'm not a bad person for working there and not everyone that worked there are. Point Blank Period!!!!!! And for everyone that got decieved or a raw deal from ameriquest. It may be time to just Try to get over it. There is a time when you have to somewhat let go and move on to the positves in life, and bad things do happen to good people. But some of the anger that I just read is enough to warrant some concern. So if you are still feeling this insane rage ie.. Kathleen, David & Ken take care of business of course with all your legal matters, but also take care of yourselves and start the healing process...

Ill.: State Incentives Boost Mortgage Jobs (November 17, 2004) -- Illinois Gov. Rod Blagojevich says the state will provide close to $25 million in incentives to Ameriquest Mortgage Co., allowing the firm and an affiliate to expand their operations in the state. The deal calls for the national home-finance company to create 1,500 loan-servicing positions, with an additional 600 loan-processing jobs to be added by its Argent Mortgage Co. affiliate. The state will hand out the $23 million in tax credits only if the jobs are made available. The incentive package also includes a $1 million grant to upgrade Ameriquest's office building in Schaumburg and $750,000 for job training. Source: Chicago Tribune (11/17/04); Wronski, Rich REALTOR Magazine Online -Daily News- Ill.: State Incentives Boost Mortgage Jobs Ameriquest got millions to hire 1,500 employees in 2004 then fired them in 2005, do we get a rebate?

You make no sence once so ever! First of all you and othe ameriquest employees keep saying everyone got a huge cash out settlement from ameriquest where in the hell do you get this info because if i got a huge amout of cash from ameriquest i want to know where in the hell its at. And my second comment to your stupid remark. Ameriquest sent an appraiser to my home i never even made a call to one this guy just showed up at my home was here for about 5 min and left.So dont you ever say ameriquest has nothing to do with it your lieing. But please keep up with all the stupid remarks they are only helping our case.I had to get more ink for my printer lol but it worth it i just keep printing away. One more thing one you do know that ameriquest has emplyees higher up on the food chain than you are watching this site right? You should go back and read some of the things you said im suprised they havent FIRED you yet but im sure it will happen soon. Hey david we both have seen alot of employees on these site making stupid remarks on here for about 2 weks or so then you never hear from them again lol i think its funnier than all get out!!!!!!!!!!!!!!! Well one i got to get and mow the grass here @ my home that i will not loose to ameriquest lol.But in closing why in the h**l did your parents name you one anyways? They must of had high hopes for i guess and now they wish they have called you last since you did get a job @ ameriquest lol im sure that wasnt in their plans. David ill talk to you tues or weds maybe you can come down again and we can get some lunch? See ya. THANKS RIP OFF REPORT YOU GUYS ARE DOING A GREAT JOB IM SURE AMERIQUEST DOSENT LIKE YOU GUYS TO MUCH LOL!

You make no sence once so ever! First of all you and othe ameriquest employees keep saying everyone got a huge cash out settlement from ameriquest where in the hell do you get this info because if i got a huge amout of cash from ameriquest i want to know where in the hell its at. And my second comment to your stupid remark. Ameriquest sent an appraiser to my home i never even made a call to one this guy just showed up at my home was here for about 5 min and left.So dont you ever say ameriquest has nothing to do with it your lieing. But please keep up with all the stupid remarks they are only helping our case.I had to get more ink for my printer lol but it worth it i just keep printing away. One more thing one you do know that ameriquest has emplyees higher up on the food chain than you are watching this site right? You should go back and read some of the things you said im suprised they havent FIRED you yet but im sure it will happen soon. Hey david we both have seen alot of employees on these site making stupid remarks on here for about 2 weks or so then you never hear from them again lol i think its funnier than all get out!!!!!!!!!!!!!!! Well one i got to get and mow the grass here @ my home that i will not loose to ameriquest lol.But in closing why in the h**l did your parents name you one anyways? They must of had high hopes for i guess and now they wish they have called you last since you did get a job @ ameriquest lol im sure that wasnt in their plans. David ill talk to you tues or weds maybe you can come down again and we can get some lunch? See ya. THANKS RIP OFF REPORT YOU GUYS ARE DOING A GREAT JOB IM SURE AMERIQUEST DOSENT LIKE YOU GUYS TO MUCH LOL!

You make no sence once so ever! First of all you and othe ameriquest employees keep saying everyone got a huge cash out settlement from ameriquest where in the hell do you get this info because if i got a huge amout of cash from ameriquest i want to know where in the hell its at. And my second comment to your stupid remark. Ameriquest sent an appraiser to my home i never even made a call to one this guy just showed up at my home was here for about 5 min and left.So dont you ever say ameriquest has nothing to do with it your lieing. But please keep up with all the stupid remarks they are only helping our case.I had to get more ink for my printer lol but it worth it i just keep printing away. One more thing one you do know that ameriquest has emplyees higher up on the food chain than you are watching this site right? You should go back and read some of the things you said im suprised they havent FIRED you yet but im sure it will happen soon. Hey david we both have seen alot of employees on these site making stupid remarks on here for about 2 weks or so then you never hear from them again lol i think its funnier than all get out!!!!!!!!!!!!!!! Well one i got to get and mow the grass here @ my home that i will not loose to ameriquest lol.But in closing why in the h**l did your parents name you one anyways? They must of had high hopes for i guess and now they wish they have called you last since you did get a job @ ameriquest lol im sure that wasnt in their plans. David ill talk to you tues or weds maybe you can come down again and we can get some lunch? See ya. THANKS RIP OFF REPORT YOU GUYS ARE DOING A GREAT JOB IM SURE AMERIQUEST DOSENT LIKE YOU GUYS TO MUCH LOL!

You make no sence once so ever! First of all you and othe ameriquest employees keep saying everyone got a huge cash out settlement from ameriquest where in the hell do you get this info because if i got a huge amout of cash from ameriquest i want to know where in the hell its at. And my second comment to your stupid remark. Ameriquest sent an appraiser to my home i never even made a call to one this guy just showed up at my home was here for about 5 min and left.So dont you ever say ameriquest has nothing to do with it your lieing. But please keep up with all the stupid remarks they are only helping our case.I had to get more ink for my printer lol but it worth it i just keep printing away. One more thing one you do know that ameriquest has emplyees higher up on the food chain than you are watching this site right? You should go back and read some of the things you said im suprised they havent FIRED you yet but im sure it will happen soon. Hey david we both have seen alot of employees on these site making stupid remarks on here for about 2 weks or so then you never hear from them again lol i think its funnier than all get out!!!!!!!!!!!!!!! Well one i got to get and mow the grass here @ my home that i will not loose to ameriquest lol.But in closing why in the h**l did your parents name you one anyways? They must of had high hopes for i guess and now they wish they have called you last since you did get a job @ ameriquest lol im sure that wasnt in their plans. David ill talk to you tues or weds maybe you can come down again and we can get some lunch? See ya. THANKS RIP OFF REPORT YOU GUYS ARE DOING A GREAT JOB IM SURE AMERIQUEST DOSENT LIKE YOU GUYS TO MUCH LOL!

Sorry, First of all, why don't you take a course in English!! You must have about a third grade,education; the type that Ameriquest would hire!! Second, if I have an inflated appraisal on my original loan, in which my loan is worth more than my house, how am I going to refi or sell????????? Let me know your response to this one!!!!!!

I am not fimilair with your case and so I will not comment on your forgery charges. I will give you a free lesson in banking though. The truth is banks don't like to lend out more money than your house is worth. The reason...cause when you cant pay your bills we have to pay our attys money and pay your property taxes and your Forced Hazzard Insurance. It is many more months before we can think about taking over your delapidated house. By then your family has taken out everything including the furnace and light fixtures. THAT IS WHY WE make YOU do and apprisal to protect OUR LOAN. David did you know that in your state you would have to not make a mortgage payment for THIRTEEN strait months before we could get you claim your house? Lets say we gave you a 100% financaning purchase on a $200,000 home (assuming the appriaser didn't screw us) at 7% or $1,330 a month and $1,687 with taxes and insurance included. By the time the we were able to get the property your your backpayments, attorney costs, foreclosre fees, we are talking at least another $25,000 in costs ($21,931 in back payments you never paid) So we are in to your house for $225,000 now. How much do you think we get at the foreclosure sale after you finally leave and take everthing including the furnace? Maybe kick a few holes in the walls because you are mad at the appraiser and leave all of your trash in the house leaving food for cockroaches and rats? Maybe we could get $140,000? That right a $85,000 loss David. And thats if the appraiser didn't inflate your homes value. There is NO way we want an inflated appraisal. Thats why WE require the appraisers to be insured. WE are the ones who had the appraiser investigated if he gave us an inflated value. If your $200,000 home was really only worth $150,000 to start with we would only get about 85,000 at the auction or a $140,000 loss. Trust me david the only person who benifits from an inflated appraisal is the borrower, you get better rates for lower LTVs, you get more cash out that we will never get back, and you get loans that should have never get made. NO bank wants an appraiser to overvalue the home, it makes no money for us.

I am not fimilair with your case and so I will not comment on your forgery charges. I will give you a free lesson in banking though. The truth is banks don't like to lend out more money than your house is worth. The reason...cause when you cant pay your bills we have to pay our attys money and pay your property taxes and your Forced Hazzard Insurance. It is many more months before we can think about taking over your delapidated house. By then your family has taken out everything including the furnace and light fixtures. THAT IS WHY WE make YOU do and apprisal to protect OUR LOAN. David did you know that in your state you would have to not make a mortgage payment for THIRTEEN strait months before we could get you claim your house? Lets say we gave you a 100% financaning purchase on a $200,000 home (assuming the appriaser didn't screw us) at 7% or $1,330 a month and $1,687 with taxes and insurance included. By the time the we were able to get the property your your backpayments, attorney costs, foreclosre fees, we are talking at least another $25,000 in costs ($21,931 in back payments you never paid) So we are in to your house for $225,000 now. How much do you think we get at the foreclosure sale after you finally leave and take everthing including the furnace? Maybe kick a few holes in the walls because you are mad at the appraiser and leave all of your trash in the house leaving food for cockroaches and rats? Maybe we could get $140,000? That right a $85,000 loss David. And thats if the appraiser didn't inflate your homes value. There is NO way we want an inflated appraisal. Thats why WE require the appraisers to be insured. WE are the ones who had the appraiser investigated if he gave us an inflated value. If your $200,000 home was really only worth $150,000 to start with we would only get about 85,000 at the auction or a $140,000 loss. Trust me david the only person who benifits from an inflated appraisal is the borrower, you get better rates for lower LTVs, you get more cash out that we will never get back, and you get loans that should have never get made. NO bank wants an appraiser to overvalue the home, it makes no money for us.

I am not fimilair with your case and so I will not comment on your forgery charges. I will give you a free lesson in banking though. The truth is banks don't like to lend out more money than your house is worth. The reason...cause when you cant pay your bills we have to pay our attys money and pay your property taxes and your Forced Hazzard Insurance. It is many more months before we can think about taking over your delapidated house. By then your family has taken out everything including the furnace and light fixtures. THAT IS WHY WE make YOU do and apprisal to protect OUR LOAN. David did you know that in your state you would have to not make a mortgage payment for THIRTEEN strait months before we could get you claim your house? Lets say we gave you a 100% financaning purchase on a $200,000 home (assuming the appriaser didn't screw us) at 7% or $1,330 a month and $1,687 with taxes and insurance included. By the time the we were able to get the property your your backpayments, attorney costs, foreclosre fees, we are talking at least another $25,000 in costs ($21,931 in back payments you never paid) So we are in to your house for $225,000 now. How much do you think we get at the foreclosure sale after you finally leave and take everthing including the furnace? Maybe kick a few holes in the walls because you are mad at the appraiser and leave all of your trash in the house leaving food for cockroaches and rats? Maybe we could get $140,000? That right a $85,000 loss David. And thats if the appraiser didn't inflate your homes value. There is NO way we want an inflated appraisal. Thats why WE require the appraisers to be insured. WE are the ones who had the appraiser investigated if he gave us an inflated value. If your $200,000 home was really only worth $150,000 to start with we would only get about 85,000 at the auction or a $140,000 loss. Trust me david the only person who benifits from an inflated appraisal is the borrower, you get better rates for lower LTVs, you get more cash out that we will never get back, and you get loans that should have never get made. NO bank wants an appraiser to overvalue the home, it makes no money for us.

I am not fimilair with your case and so I will not comment on your forgery charges. I will give you a free lesson in banking though. The truth is banks don't like to lend out more money than your house is worth. The reason...cause when you cant pay your bills we have to pay our attys money and pay your property taxes and your Forced Hazzard Insurance. It is many more months before we can think about taking over your delapidated house. By then your family has taken out everything including the furnace and light fixtures. THAT IS WHY WE make YOU do and apprisal to protect OUR LOAN. David did you know that in your state you would have to not make a mortgage payment for THIRTEEN strait months before we could get you claim your house? Lets say we gave you a 100% financaning purchase on a $200,000 home (assuming the appriaser didn't screw us) at 7% or $1,330 a month and $1,687 with taxes and insurance included. By the time the we were able to get the property your your backpayments, attorney costs, foreclosre fees, we are talking at least another $25,000 in costs ($21,931 in back payments you never paid) So we are in to your house for $225,000 now. How much do you think we get at the foreclosure sale after you finally leave and take everthing including the furnace? Maybe kick a few holes in the walls because you are mad at the appraiser and leave all of your trash in the house leaving food for cockroaches and rats? Maybe we could get $140,000? That right a $85,000 loss David. And thats if the appraiser didn't inflate your homes value. There is NO way we want an inflated appraisal. Thats why WE require the appraisers to be insured. WE are the ones who had the appraiser investigated if he gave us an inflated value. If your $200,000 home was really only worth $150,000 to start with we would only get about 85,000 at the auction or a $140,000 loss. Trust me david the only person who benifits from an inflated appraisal is the borrower, you get better rates for lower LTVs, you get more cash out that we will never get back, and you get loans that should have never get made. NO bank wants an appraiser to overvalue the home, it makes no money for us.

Conflict of interest? Are you serious? It was MUCH worse than that. There was no appraisal even done. I have fraudulent docs sitting right in front of me with my signature on them, that I never ever saw, let alone signed. Everything done was illegal. Multiple State and federal laws were broken, and it was done with malice and forethought - that's called "conspiracy". I trusted them when they told me what my house appraised for. No one ever came out to appraise the house, and they never even bothered to write up a fraudulent one... just called up the pressured title company and told them what to put on the paperwork for a figure. Yes, I can prove that. And many other counts that I will not go into here. The Grand Rapids Office was raided by the FBI two months after my refi was originated out of there. The appraiser was tracked down by the Michigan Office of Financial and Insurance Services (OFIS). (You better know who they are.), and six months after my "appraisal", this person's license was revoked (not suspended) - with extreme predjudice, I was told by an official at OFIS. He was fined heavily, and additional undisclosed severe punitive action was taken against this person for the way in which he produced his "appraisals". One, you had a scam going on a grand scale here, and if you knew it - that makes you complicit. Your logic on your post drifts way off from the reality of the situation. My best response to you will be in Court shortly. I'd say that I'll see you there, but I doubt that, because you do not have any authority with Ameriquest. If you did, your attorneys would have been extremely adamant about you NOT being on this forum, exposing yourself to further litigation. Those who are getting ready to get pulled into Court have all now been drilled to do the "Bart Simpson"... "Nobody saw me do it... I didn't do it... can't prove anything..." Sorry, One. Your logic is so far off, that I can't even follow your reasoning. If I am at fault for causing this confusion... good. You are not seriously implying that Ameriquest did nothing illegal against me, are you???

Get YOUR facts straight "bud". $325 wasn't paid just to Cali, it was all the states COMBINED.

1. Ameriquest did not do your appraisal, it was a third party vendor. That would be a conflict of interest for us and I will expain why. 2. Why didn't you let us know the home was not worth that much at the time? 3. The reason you didn't was because that gave you a much better rate than what you qualifed for with us. Your posting is a little unclear but I'm going to give it a shot anyway. Example: Lets say your house is worth 73k and you want to borrow a total of85k to get cash out and pay off your credit cards and old mortgage. Not possible, you could only payoff 73k worth of things and get no cash out and have the highest "blended" rate of around 9-10 percent. If You give us an appriasal of $100k you would then qualify for the 85k loan you wanted. (or 85% LTV vs. 100% LTV) Plus it would be at a lower rate. Without knowing your credit situation maybe 7-8 percent. Basicaly giving you the same payments but getting $12,000 more cash out. When you do the math this 12k cash out is basically for free money to you if you were to pay off both hypothetical mortgages to completion. How is it in our best interest to give you 12k for free? Why would we want to loan our money to someone on a house that is worth less than the amount of the loan? What happens when you don't pay? We foreclose on your 73k house for our 100k loan? Thats a 40k loss pluse even if we get 65k at the auction. We Should have reviewed the bogus appraisal and given you a higher interest rate that you deserved. So why are you complaining again? Because you were given too low of an interest rate? Or because you were given too much cash out to pay off you debit AND given too low of an interest rate? If you want to give me the exact figures of your loan I will break it down for you how WE get screwed when a 3rd party appraiser over values your home. Its like a Pawn Shop giving you a $31,000 loan for your $1,000 TV at the same interest rate. Its not smart and either are you if you are complaining about getting more money and lower interst rate than you deserve for your home.

Thanks for hiding your anger with your profanity and !!!!!!s. Thanks for volentering as the client who after the fact thinks Ameriquest "Owe's" them something. Ken, are you not mentaly able to shop around? Are you a lazy consumer or did you not qualify anywhere else? Why did you go with this horrible company? Or maybe you did shop around and Ameriquest gave you the best offer? If thats true maybe YOU owe Ameriquest the amount of money you saved compaired to the other offers out there that you did not take because Ameriquest's offer was TOO Cheep. Either way Ken, your argument doesn't hold water. You cant go back to the car dealership a year later and ask for money back because another car dealership decides to sell cars cheeper. Ken, you have no one to blame but your self if you didn't get the best deal out there, or maybe you did with Ameriquest. Rex, Thanks for the spelling help with "Broker". Maybe you would be better fitted in data entry where you could get paid overtime you deserve for working the extra hours. If you were in a comissioned sales position and you are complaining about time cards I question your sales ablity. This whole "Abusing Employees" part. Rex, quit and work at another place. Maybe high pressure sales isn't your gig. Some people actually LIKE it and are willing to endure it for the big paycheck. Rex, so you are saying that you worked at this place where you claim to be abused everyday for 16 months? Either you have no Onions to quit or you actually liked you job for the majority of your time with them. You have to question someone who willingly accepted the terms of their employment for 16 months and comes back 3 years later saying he is "Owed" something. If you were worth more than you would have been paid more, its called the free market, someone else would be willing to pay you more if you were worth more. But either you were too chicken to take another job or you were not worth more. This is a free country and you were NOT and endentured servant. 16 months is an eternity in the sales world. Give us a break

The $325 Million wasn't for California it was to settle with ALL 48 states involved and Arnall has already been cleared and accepted by congress to be our ambassador to the Netherlands. We need Bush and our government to help fix what is wrong and make it so each state gets $325 Million and pull that scumbag from his ambassadorship ASAP.

Ken , I just got off thephone with Donna Platt, in the legal department of Ameriquest. I had asked for an apprasial report of my home that valued my home at$30000 less than the original loan wherein I got my original mortgage. Now mind you, this underappraisal is on a house supposedly worth 73000 on the original appraisal for the mortgage Donna Platt transferred my account to Oscar Berga, who has been temporarily reassigned. How convenient!! If anyone knows of any attorney that can help me, I would appreciate it. I tried FBI other attorneys. Nobody cares! I live in Pennsylvania. I guess that I will have to file a suit pro se, maybe it will slow them down. I might go down in flames but I hope to cause as much confusion to them as they do to me.

Your right I do need anger managment and I was never like this before until I was screwed by your company. And I'm sure I speak for a lot of people on here when I say that we are very angery so before you go and shoot your mouth off like the other dumb a*s (one) put your self in my shoes or the shoes of 100 s of thousands of other people that got screwed by ameriquest. Now that they where so greedy ripping people off and putting them into s**+**y loans its all comming back to them and they will pay what everyone is due! So you say im angry your dam right I am. I mean really little man you think this is all made up its all a scam by the american people? Well tell me this why did they give 325 mill to cali and thats just the tip of the ice burg bud. And bush wanted to make roland arnell an ambassador to the netherlands well not any more until little arnie takes care of the big mess he is in. So get your facts strait before you and your little buddy one shoot your mouths off!! GOD BLESS EVERYONE EVEN YOU (CRAIG) AND ONE THANKS RIP OFF REPORT YOUR GUYS ARE DOING A GREAT JOB BUT SCREEN THESE DISCRUNTLE EX EMPLOYEES SOME ARE STILL BRAIN WASHED LOL!

Ken you seriously need therapy. Anger management my friend.

I was wondering if you get paid "overtime" at your new broker shop. When you took the job at Ameriquest did you ever ask about being paid "overtime"? Did you care about the hourly or overtime? When you were told you weren't going to be paid overtime did you quit? Did you report them to the authorities? Why not? Because it was considered a good base right? Those were the terms you agreed uppon and accepted in order to make 10's of thousands of dollars "ripping" people off right? You are no more owed money from Ameriquest than you are from your broker shop who likley doesn't even pay you a base and surely not overtime. The fact that Ameriquest overlooked a loophole in the labor laws does not mean Ameriquest "abused" employees. Employees being paid what they are paid shouldn't get overtime too should they? I know you don't think so because you are working at a broker shop and not being paid overtime now. Its pretty pathetic how people jump on this loophole in the laws and try to get more than what they agreed to at the time. You know you agreed to the no overtime being paid. You know most sales positions don't have a base. But since Ameriquest wanted to be nice and give everyone a base they opened themselves overtime rules they weren't aware of. When you make as much money as you did with the company you shouldn't be paid overtime. Period. You know it or you would have left before 16 months of no overtime being paid. Its a bloodsucker lawsuit and I would be embarrased to be a part of it.

I was wondering if you get paid "overtime" at your new broker shop. When you took the job at Ameriquest did you ever ask about being paid "overtime"? Did you care about the hourly or overtime? When you were told you weren't going to be paid overtime did you quit? Did you report them to the authorities? Why not? Because it was considered a good base right? Those were the terms you agreed uppon and accepted in order to make 10's of thousands of dollars "ripping" people off right? You are no more owed money from Ameriquest than you are from your broker shop who likley doesn't even pay you a base and surely not overtime. The fact that Ameriquest overlooked a loophole in the labor laws does not mean Ameriquest "abused" employees. Employees being paid what they are paid shouldn't get overtime too should they? I know you don't think so because you are working at a broker shop and not being paid overtime now. Its pretty pathetic how people jump on this loophole in the laws and try to get more than what they agreed to at the time. You know you agreed to the no overtime being paid. You know most sales positions don't have a base. But since Ameriquest wanted to be nice and give everyone a base they opened themselves overtime rules they weren't aware of. When you make as much money as you did with the company you shouldn't be paid overtime. Period. You know it or you would have left before 16 months of no overtime being paid. Its a bloodsucker lawsuit and I would be embarrased to be a part of it.

I was wondering if you get paid "overtime" at your new broker shop. When you took the job at Ameriquest did you ever ask about being paid "overtime"? Did you care about the hourly or overtime? When you were told you weren't going to be paid overtime did you quit? Did you report them to the authorities? Why not? Because it was considered a good base right? Those were the terms you agreed uppon and accepted in order to make 10's of thousands of dollars "ripping" people off right? You are no more owed money from Ameriquest than you are from your broker shop who likley doesn't even pay you a base and surely not overtime. The fact that Ameriquest overlooked a loophole in the labor laws does not mean Ameriquest "abused" employees. Employees being paid what they are paid shouldn't get overtime too should they? I know you don't think so because you are working at a broker shop and not being paid overtime now. Its pretty pathetic how people jump on this loophole in the laws and try to get more than what they agreed to at the time. You know you agreed to the no overtime being paid. You know most sales positions don't have a base. But since Ameriquest wanted to be nice and give everyone a base they opened themselves overtime rules they weren't aware of. When you make as much money as you did with the company you shouldn't be paid overtime. Period. You know it or you would have left before 16 months of no overtime being paid. Its a bloodsucker lawsuit and I would be embarrased to be a part of it.

Mar 10, 2006 10:56 pm US/Eastern Mortgage Mess Al Sunshine Reporting (CBS4 News) MIAMI Just recently Ameriquest Mortgage agreed to one of the largest nationwide consumer settlements ever, but for one South Florida mother, it may be too little, too late. That's why she's going to court over her mortgage mess. Before the courts could take her home, Tina Toepher sold it. Better I sell it than lose it and have nothing, Toepher said. Toepher and her two younger children moved in with her mother in Margate. It split up my children. I have 4 children, she said. Her two older children moved away. My son is the oldest - he's a teenager - he went to live with his aunt in Nebraska. It all happened when a mortgage company called Ameriquest took her to court for never making payments of a loan. In court, Tina said she never had a mortgage with Ameriquest. Yes, she applied, but never signed and when it wired the loan to her bank sent her a payment booklet she refused to pay. I had no paperwork, she said. I was scared. I didn't know what was going on. She hired experts to examine her signatures, who wrote that in their opinion her signatures were forged. However, what we can only assume was a mistake, the judge accidentally entered an order allowing foreclosure, said Scott Levine, Toepher's lawyer. Tina panicked and foreclosure investors came down like vultures. They would knock on the door and they would say, can we come in and look, Toepher said. I found people walking thru my backyard. This all comes after Ameriquest agreed to pay $325 million in the country's second largest consumer settlement back in January. We found too often Ameriquest's lending practices violated principles of fairness, said California Attorney General Bill Lockyer. With 49 states, hundreds of claims of loans with higher rates, higher closing costs, and higher fees than agreed, some claimed fraud. Ameriquest claimed no wrongdoing, but it would make changes. Florida was one of those states involved. After 17 years of saving, to be able to afford a house, I came away broke. Toepher's Ft. Lauderdale Attorney hopes he can help. "The more loans that you sell, the more money you make, said Levine. Because she deserves more than what could be only a few hundred dollars in this nationwide settlement, we called Ameriquest at its California headquarters and it said it can't comment on ongoing lawsuits. For More Information On The Settlement, You Can Call The US Attorney's Office Here In South Florida. Leave Your Name Ane Contact Number: 1-866-966-7226. The Call Is Toll Free. Gee's they lost her Documents toooo....?

One or what ever the hell you are calling your self. You need to do some research before you shoot your mouth off you have no idea what in the hell you are talking about!!!But then again this just shows how ameriquest treats their customers.But hey keep shooting your mouth off because it helps everyone in here when they go to court and bring lawsuits against ameriquest.And for you to say that ameriquest is in trouble for a few bad seeds how can that be when this is happening all over the untited states you dumb s**t! Ya ok you also say that people are going after them because they are the largest? Come on people are going after them because they are the only company at this magnatude that are ripping people off and its catching up to them and im glad!!! And one more thing why dont you put your name on here and the state where you live O wait i know because every time a current employee comes on here and shoots their mouth off ameriquest fires their a*s for all the stupid a*s remarks they make!!! Ameriquest also had to pay 325 million to california for all the people they ript off their wich came out to around 600 dollars per family wich is bull they owe these people and myself included lots more than 600 bucks. So i see alot of ex - employees on here shoot their mouths off and then you dont hear from them after a few days wich im sure you will be gone also but i hope you get to read this before you are fired!!!!!!!!!!!!!!!!!!!!!!!!!!!! I also want to add that this site is the best everyone can post their issues on here and compare notes its great keep up the great work rip off report!!!!!!!!!!!!!!!!!!!!!!!! See ya one You should of slapped your parents for giving you a name like that LOL.

One, you're not right. You're exposing your level of maturity here. Later, you might see how wrong you are. Give it some time. I am currently employed by a broker company. Not "brooker", sonny. I am a former AMC employee. I left on my own terms in 2003 because I saw how twisted their corporate structure really was. ~ Branch mgrs did nearly anything to close loans. ~ We had an area mgr who was an uneducated, incompetent thief. He really was. Verbally abusive. Threatened everyone's jobs daily. Daily. So many people wanted to take him out that he had to bring trusted "friends" on his branch visits. He was fired from a great promotion after his branches begun to self-destruct. A great salesperson does NOT make a great manager. I knew that before working at AMC. ~ Our regional mgr sent several emails stating that "no mgrs would be hired from outside our area", and then he repeatedly contradicted this "rule". Mary Jo and Kirk Langs were the root of the problem. And Arnall is to busy to care about anything except net profits. It's a top-down issue. It begins at the top and trickles down. Everybody looks the other way so that their paychecks and bonuses aren't compromised. "Constant improvement", my a**. Ameriquest was NOT targeted for being the largest blah, blah, blah. That's asinine. They were targeted after abusing employees and abusing borrowers. One, you need to research the lawsuits brought by employees before you defend Ameriquest, et al. I was there when "time cards" became policy because we weren't being paid overtime. In 16 months, I outlasted 4 area mgrs and 2 branch mgrs. Within reason, neither of the 2 branch mgrs cared what I put on my timecard. They didn't care what my mileage reimbursement was. You know why? Because they were doing the same thing on their cards. Am I a bad guy for trying to be paid more from that company? Possibly not. I truly believe I earned it.

that a single subprime mortgage company could "Purposly" hire tens of thousands of unethical, ruthless, criminal minds for years without being caught before now is. As smart as buying a used car without shopping or even asking for a discount. It only takes a small percentage of a fast growing companies employees to ruin its reputation. Did Ameriquest grow faster than it should have? Yes. Should they have evaluated employees further before promoting them in a position of authorty? Yes. Was the industry short handed the last 5 years? You know the answer. Have other SubPrime Mortgage companys done the exact same thing with the overwhelming demand from the public to provide finance? Yes. Is the only reason Ameriquest got targeted was because they are the largest RETAIL subprime lender? Yes How could a company so large tolerate or even communicate to their employees to "rip people off" in todays day? Imposible. It could have happened by a few bad seeds who have been long removed. I PROMISE you all that the wholesale brookers out there continue to get away with criminal acts, while large companies could never consider it. Please think about it and ask anyone who has worked at a brooker shop or even heard what they do.

Hey Elvira we need your help and it sounds like you need some help to. Since you have all this information and feel unsafe in your own home maybe there is something you can do to help, and make some money at the same time and get some protection for yourself, it sounds like you will be needing it if you have what you say you do, you should make a copy and give it to a friend and tell them if anything happens to you to give it to the FBI and add a letter to let them know why and who has threatened you. Good Luck Thank's from Me 2 hit by ameriquest and hurricanes :o(

I am disapointed there are so many mental midgets in my beloved country. I have a few very important questions to ask those of you who like to judge. Question 1. Do you know a GREAT salesman who has not told the "complete" truth during a sale? If you think you do than you are more gullible than you think. Question 2. Why would someone get a loan from someone without getting at least one more quote? Maybe it was the best offer they got? Open your eyes, I don't know anyone in the business who has not made 20k a month by not working at Ameriquest. EVERYONE is overcharging because there is too much business and not enough employees. Question 3. Why would you feel sorry for someone who did not shop around? This is the most basic rule of being a consumer. If you are really that pathetic you deserve to be ripped off. "A fool and his money are soon parted" Question 4. Who is to say the brooker down the street would have charged less? Question 5. Why arent all of you tree hugging crybabies out there doing loans for free then to help all of these poor people who had no one else to refinanace them? In case you don't live in the present, Loan officers have been making a killing because they ALL are "Ripping people off". Or maybe that is just the going rate to get a job done becasue of the demand. Go take an Economincs class if you don't understand that concept. Don't be jelious that you were in the wrong business and stop crying. If you were a doer and not a talker you would be sitting at home with piles of cash too instead of crying about people who walk the walk. ALL Mortgage companies are the same. Countrywide complained that Ameriquest was hurting the industry by offering too low of rates. And Ameriquest is ripping people off? Wake up and spout some facts please.

You hope honestly that the individual who stated they are thankful the layoffs, or more appropriately firings, took place loses their job and their family is hurt? This just shows what kind of uncaring individual you are. But, I expect nothing else from an ex-employee. I have said many times myself that I am thankful that employees are being fired because I am. Why should I feel otherwise when the employees are responsible for the nightmare I, along with many others, have been forced to deal with every single day? Now it's time for the employees responsible for our horrible situations to feel the same. You say you were trained according to company policy? I happen to know what that training consists of. You KNEW, before screwing your first customer, what kind of company you would represent. A fraudulent, deceitful and corrupt company. So I think YOU are awful. You say many different employees didn't speak to customers so as not to "confuse them". That is ridiculous. I have spoken to so many I have had to create a log. And every person I've talked to gives a completely different story as to how I have been charged outrageous fees they can't even begin to explain. I find it hard to believe there is a company FAR WORSE than Ameriquest. In fact, I believe that is a lie. There is no way another company can possibly screw their customers any more than Ameritheft. The only people I could possibly feel sorry for are any who have not been trained in deceit. And I don't think there are many who have not. The reason for Ameriquest's "scrapped business model" is due to the thousands of class action suits filed against them. And why? Because Ameriquest has defrauded every customer they have. Because Ameriquest is evil and is getting what they deserve. Many customers, who try to take advantage you say, were sub-prime but guess what? Some were not and still got screwed. Even if customers had bad credit, they most certainly took no advantage of your scum company. They only took action due to all the fraud they have experienced since becoming, unfortunately, a customer. YOUR company took advantage of many and continue to do so to this day. But days have become numbered and I am thrilled. You may experience "financial hardship" someday and will, hopefully, understand just a little bit more of what Ameriquest's customers are going through now. Again, I think you are awful for posting your comment of hoping another will lose their job, hurting their family in the long run. This is just another example of Ameriquest scum EX-employee's unfeeling, uncaring and unsympathetic views towards the customers they devastated. We all have co-workers in difficult situations as you but the difference is ... WE work for reputable companies and our co-workers deserve compassion.

You hope honestly that the individual who stated they are thankful the layoffs, or more appropriately firings, took place loses their job and their family is hurt? This just shows what kind of uncaring individual you are. But, I expect nothing else from an ex-employee. I have said many times myself that I am thankful that employees are being fired because I am. Why should I feel otherwise when the employees are responsible for the nightmare I, along with many others, have been forced to deal with every single day? Now it's time for the employees responsible for our horrible situations to feel the same. You say you were trained according to company policy? I happen to know what that training consists of. You KNEW, before screwing your first customer, what kind of company you would represent. A fraudulent, deceitful and corrupt company. So I think YOU are awful. You say many different employees didn't speak to customers so as not to "confuse them". That is ridiculous. I have spoken to so many I have had to create a log. And every person I've talked to gives a completely different story as to how I have been charged outrageous fees they can't even begin to explain. I find it hard to believe there is a company FAR WORSE than Ameriquest. In fact, I believe that is a lie. There is no way another company can possibly screw their customers any more than Ameritheft. The only people I could possibly feel sorry for are any who have not been trained in deceit. And I don't think there are many who have not. The reason for Ameriquest's "scrapped business model" is due to the thousands of class action suits filed against them. And why? Because Ameriquest has defrauded every customer they have. Because Ameriquest is evil and is getting what they deserve. Many customers, who try to take advantage you say, were sub-prime but guess what? Some were not and still got screwed. Even if customers had bad credit, they most certainly took no advantage of your scum company. They only took action due to all the fraud they have experienced since becoming, unfortunately, a customer. YOUR company took advantage of many and continue to do so to this day. But days have become numbered and I am thrilled. You may experience "financial hardship" someday and will, hopefully, understand just a little bit more of what Ameriquest's customers are going through now. Again, I think you are awful for posting your comment of hoping another will lose their job, hurting their family in the long run. This is just another example of Ameriquest scum EX-employee's unfeeling, uncaring and unsympathetic views towards the customers they devastated. We all have co-workers in difficult situations as you but the difference is ... WE work for reputable companies and our co-workers deserve compassion.

You hope honestly that the individual who stated they are thankful the layoffs, or more appropriately firings, took place loses their job and their family is hurt? This just shows what kind of uncaring individual you are. But, I expect nothing else from an ex-employee. I have said many times myself that I am thankful that employees are being fired because I am. Why should I feel otherwise when the employees are responsible for the nightmare I, along with many others, have been forced to deal with every single day? Now it's time for the employees responsible for our horrible situations to feel the same. You say you were trained according to company policy? I happen to know what that training consists of. You KNEW, before screwing your first customer, what kind of company you would represent. A fraudulent, deceitful and corrupt company. So I think YOU are awful. You say many different employees didn't speak to customers so as not to "confuse them". That is ridiculous. I have spoken to so many I have had to create a log. And every person I've talked to gives a completely different story as to how I have been charged outrageous fees they can't even begin to explain. I find it hard to believe there is a company FAR WORSE than Ameriquest. In fact, I believe that is a lie. There is no way another company can possibly screw their customers any more than Ameritheft. The only people I could possibly feel sorry for are any who have not been trained in deceit. And I don't think there are many who have not. The reason for Ameriquest's "scrapped business model" is due to the thousands of class action suits filed against them. And why? Because Ameriquest has defrauded every customer they have. Because Ameriquest is evil and is getting what they deserve. Many customers, who try to take advantage you say, were sub-prime but guess what? Some were not and still got screwed. Even if customers had bad credit, they most certainly took no advantage of your scum company. They only took action due to all the fraud they have experienced since becoming, unfortunately, a customer. YOUR company took advantage of many and continue to do so to this day. But days have become numbered and I am thrilled. You may experience "financial hardship" someday and will, hopefully, understand just a little bit more of what Ameriquest's customers are going through now. Again, I think you are awful for posting your comment of hoping another will lose their job, hurting their family in the long run. This is just another example of Ameriquest scum EX-employee's unfeeling, uncaring and unsympathetic views towards the customers they devastated. We all have co-workers in difficult situations as you but the difference is ... WE work for reputable companies and our co-workers deserve compassion.

I have heard that a lot of the laid off employees are moving over to a company called "The Lending Center." Lots of the former ameriquest regional, area and branch managers are over there running brnaches....hopefully they have cleaned up their act and learned their lesson. Be careful.

I think you are all awful. I was a funder at the corporate office of Ameriquest prior the the layoffs on Tuesday. The funders and underwriters at my office had nothing to do with any deceitful practices. We were trained strictly according to company policy and state/federal regulations. The sales staff in the 188 nationwide branches were in a separate division that I assume was somewhat hard to control. I'm sure some shady tactics were used at time between the sales team and customers, but I really wouldn't know. Corporate staff had no contact with the slaes guys or customers; we spoke to processors at the branch only - who then spoke to customers. This was preferred so customers aren't confused by many different people calling them. And for your information, you can walk into any private mortgage broker office and find half the staff working unlicensed or practicing illegal mortgage lending FAR worse than Ameriquest. But they disappear as soon as you sign your loan docs because your loan goes to the lender. So just realize that there were a lot of people affected by this layoff who had nothing to do with the sales tactics. Sales practices were between the sales staff - those making the phone calls - and the branch managers. No one else. Yet the entire Ameriquest business model was scrapped. They have no more funders... no more underwriters... no more processors... no more sales team. From the Senior VPs down, we're all gone. A completely new system will be implemented soon and Ameriquest will again be dealing with the retail side of mortgage lending. As for the reasons behind all of this, many are unclear, even inside the company. Some speculate it was seen as impossible to have branch staff comply with the slaes rules put forth in the AG settlement. Lord knows the corporate office went through a LOT to make sure it was compliant. But what control is there over what is verbally said to a customer? Not to mention the many customers who try to take advantage of situations. Especially given that most of our customers were sub-prime, in places of financial hardship. So again, to the person who said they're thankful that these layoffs took place, I hope you honestly lose your job very soon and your family is hurt because of it. The woman who sat next to me at work was just diagnosed with cancer. There were two women on my team nearing the term of their pregnancy. None of them had ANYTHING to do with what led up to the lawsuits.

Disregard the first paragraph since it does not pertain to you. I apologize.

Damon No, I have never sat at a desk inside any Ameriquest wall. I have morals, a conscience and higher standards than to ever work for such a company. Yes, I'm sure every company has good and bad employees but the difference is, the company who employed the good and bad is not ITSELF bad. These establishments were not fraudulent. They just made poor decisions upon hiring a bad employee. Elvira My assumption, as you call it, can be verified just by reading the comments on this site. If you were employed 7 years, you were aware of the fraudulent and deceitful activities. Whether you participated I don't know. Only you can answer that and live with it if you did. And thank you for my new title of moral compass. I like it. I don't know about 7 years ago, but I do know of all the crap they have put myself and many other customers through since 2004 when I became s**t on and screwed customer number 100,000 plus. And you were a manager? That is even worse. You must have been the driving force, over your staff, to push them into obtaining bogus loans filled with lies and fraud. I am in agreement with your statement of work your butt off, try hard and succeed. But this only works when one is employed by a reputable company. I'm sorry you tried to kill yourself, I really am. Hopefully, you have learned and gained something from your experience with Ameriquest. Although I still believe most, if not all, employees are heartless and greedy, I'm sorry for the ordeal you have experienced. I do not find satisfaction hearing of any hardship or horrible situation any individual has had to go through. However, I must admit I am much more sympathetic for the customers than the employees or ex-employees and with good reason. Eric Thank you for being sympathetic AFTER you have been laid off. I'm glad I have amused you this past year. I, myself, have not been as amused since being screwed royally from your ex-theiving, fraudulent company.

Lets face it ,you cannot stay in buisness telling consumer,s lies, deceitful practices,ripping people off,,,,, Yes there is 1 more Mortage company that is worse than this 1. Of course It,s washington Mutual Home Loans. Beleive me with over 100 lawsuites filed against them,,,,,there next.

What families did you help and how did you help them? I am one of the families you are talking about. Did you help Crystal and her baby and small children, is She trying to live in a moldy home with her new baby? or is she living in a tent? My home sits in a moldy mess, everything I have worked hard for is gone. Its very sad. you can still help us, can you help me find Crystal and others hit by ameriquest and hurricanes so we can get the proof we need. and get back to a normal life its been since 2004. PLEASE HELP US.

How does anything in your report help anyone. You say you have all this information well read the two post on this web site from holland michigan you can find information in their to get in contact with people and you can start helping thier. But i wonder if you do have all this information why dont you go public about it and stop hiding behind your computer! Their are so many people that have lost their homes and are loosing their homes as we speak( me included) So if you really want to help go public with this mountain of information you have do whats right dont do what you were taught for so many years by this ruthless company!!!!!!

How does anything in your report help anyone. You say you have all this information well read the two post on this web site from holland michigan you can find information in their to get in contact with people and you can start helping thier. But i wonder if you do have all this information why dont you go public about it and stop hiding behind your computer! Their are so many people that have lost their homes and are loosing their homes as we speak( me included) So if you really want to help go public with this mountain of information you have do whats right dont do what you were taught for so many years by this ruthless company!!!!!!

How does anything in your report help anyone. You say you have all this information well read the two post on this web site from holland michigan you can find information in their to get in contact with people and you can start helping thier. But i wonder if you do have all this information why dont you go public about it and stop hiding behind your computer! Their are so many people that have lost their homes and are loosing their homes as we speak( me included) So if you really want to help go public with this mountain of information you have do whats right dont do what you were taught for so many years by this ruthless company!!!!!!

Well, here I am, after a year of reading these reports, finally here making comments after my recent layoff. I'm sure this site is about to get flooded with responses today since there are some very ticked off people out there. I would like to start by addressing Kathleen from Alabama. Right on!!!!! I've been reading your comments for some time now, and I have to admit, before yesterday, I did not give you much attention. I thought it was humerous to read. But, whatever was done to you by Ameriquest and its employees, I feel for you. I hope your wish comes true that this company dies out sooner than later. As for the company and what I know...I think it's obvious what this company has done. They jumped into a very, very, very profitable market (sub-prime lending) and led the way to show how a large organization could become so wealthy on the misfortunes of others. It seemed to good to be true. Everyone tells you, if it seems to good, then it probably is. Well, there is about 4000 of us out there that knows that as fact today. Being a good sales person, I now know what it's like to "be sold". Mariano, boy he is good. Best sales person I've ever met. I remember my training seminar. What was it Mariano???? "Yes I can, Yes I can, Yes I can..." What can we do Mariano??? Deceive people, inflate appraisals, put people on the street???? F off!!! The only thing that would make me so happy would to see the AG's finally come after you so I can see you on one of those video tapes showing someone in Federal Prison for fraud. You may have not done it directly, but you know you knew about it. I think it should be a mission for all of the former employees of this company to see this company and all of its executives go down, including Mr. Arnall. Think of it, this man is representing our country as an Ambassador!!! Are you kidding me!!! Why is he there??? Because his pockets were deep enough to buy it. How did his pockets get so deep??? Well, we all know the answer to that question. Everyone called Ameriquest a "Boiler Room", lets see the tow trucks and SWAT teams get these bastards and all their assets!!! Good bye for now!!!!! Eric B.

I am sorry for what you have gone through with Ameriquest. In response to your question; "that i must have seen fraud every day of the 5yrs i worked there." That is a very bold assumption on your part!! I'm glad you feel you're the "moral compass" for all remarks made here about AMC from ex-employees. Just because I was once employed there Has nothing to do with my integrity. Believe it or not when I started 7 yrs ago, I started working in an office full of honest sales reps, processors, and managers. The same honesty and concern for customers that I learned in my 1st office, are the same practices i carried with me and held my staff to, in all my years of management. Up until there was a change in management, The change of the CEO from Kirk to Wayne. I never saw or heard of any misdoings, Maybe I was naive to assume that the other associates had the same integrity as myself, my staff, and the managers, and sales reps who trained me. You have NO IDEA of what I began to hear, and then see with my own eyes once Kirk left his position as CEO. I am of the belief that if you work your butt off, and try harder each time you fall, you will be successful. The very minute I had evidence to back up my claims made to HR, I filed the report. It blew my mind how people could be such criminals. Once the fraud started to cross the west coast like wild fire, I had already voiced my opinion, and was going through my own Hell created by AMC I kept my ears and eyes open, and collected a good stack of information to back up my claims. I was retaliated against and threatened and scared to the point, I tried to kill myself, which is the reason for my hospital stay. I'm not a lunatic or a drama case. I just had reached my breaking point and wanted to escape. once I had my mind a bit more clear, I started to research, and try to figure out what AMC had to hide, Why they were so concerned with shutting me up. The threats kept on coming even while I was on medical leave, hired thugs showing up at my house looking for me. I had a total mental breakdown. The facts I uncovered as I researched were so horrible, it made me sick to my stomach that I ever worked there. I did not want their dirty money...even if I worked hard for it. when my issues with AMC were resolved, I put a good amount of money towards helping AMC customers who had been screwed, like the families in florida who were led to believe that they had home owners insurance.......only to find out too late they did not have a policy in place. After 5 hurricains demolished their homes.......Many families had been misled, and had no insurance and no means to rebuild or repair homes, or to move. I am not looking for a pat on the back.... I hope this helps to clarify your assumptions of my time spent at amc. Not everyone who worked at AMC was a heartless, greedy criminal.

I am sorry for what you have gone through with Ameriquest. In response to your question; "that i must have seen fraud every day of the 5yrs i worked there." That is a very bold assumption on your part!! I'm glad you feel you're the "moral compass" for all remarks made here about AMC from ex-employees. Just because I was once employed there Has nothing to do with my integrity. Believe it or not when I started 7 yrs ago, I started working in an office full of honest sales reps, processors, and managers. The same honesty and concern for customers that I learned in my 1st office, are the same practices i carried with me and held my staff to, in all my years of management. Up until there was a change in management, The change of the CEO from Kirk to Wayne. I never saw or heard of any misdoings, Maybe I was naive to assume that the other associates had the same integrity as myself, my staff, and the managers, and sales reps who trained me. You have NO IDEA of what I began to hear, and then see with my own eyes once Kirk left his position as CEO. I am of the belief that if you work your butt off, and try harder each time you fall, you will be successful. The very minute I had evidence to back up my claims made to HR, I filed the report. It blew my mind how people could be such criminals. Once the fraud started to cross the west coast like wild fire, I had already voiced my opinion, and was going through my own Hell created by AMC I kept my ears and eyes open, and collected a good stack of information to back up my claims. I was retaliated against and threatened and scared to the point, I tried to kill myself, which is the reason for my hospital stay. I'm not a lunatic or a drama case. I just had reached my breaking point and wanted to escape. once I had my mind a bit more clear, I started to research, and try to figure out what AMC had to hide, Why they were so concerned with shutting me up. The threats kept on coming even while I was on medical leave, hired thugs showing up at my house looking for me. I had a total mental breakdown. The facts I uncovered as I researched were so horrible, it made me sick to my stomach that I ever worked there. I did not want their dirty money...even if I worked hard for it. when my issues with AMC were resolved, I put a good amount of money towards helping AMC customers who had been screwed, like the families in florida who were led to believe that they had home owners insurance.......only to find out too late they did not have a policy in place. After 5 hurricains demolished their homes.......Many families had been misled, and had no insurance and no means to rebuild or repair homes, or to move. I am not looking for a pat on the back.... I hope this helps to clarify your assumptions of my time spent at amc. Not everyone who worked at AMC was a heartless, greedy criminal.

I am sorry for what you have gone through with Ameriquest. In response to your question; "that i must have seen fraud every day of the 5yrs i worked there." That is a very bold assumption on your part!! I'm glad you feel you're the "moral compass" for all remarks made here about AMC from ex-employees. Just because I was once employed there Has nothing to do with my integrity. Believe it or not when I started 7 yrs ago, I started working in an office full of honest sales reps, processors, and managers. The same honesty and concern for customers that I learned in my 1st office, are the same practices i carried with me and held my staff to, in all my years of management. Up until there was a change in management, The change of the CEO from Kirk to Wayne. I never saw or heard of any misdoings, Maybe I was naive to assume that the other associates had the same integrity as myself, my staff, and the managers, and sales reps who trained me. You have NO IDEA of what I began to hear, and then see with my own eyes once Kirk left his position as CEO. I am of the belief that if you work your butt off, and try harder each time you fall, you will be successful. The very minute I had evidence to back up my claims made to HR, I filed the report. It blew my mind how people could be such criminals. Once the fraud started to cross the west coast like wild fire, I had already voiced my opinion, and was going through my own Hell created by AMC I kept my ears and eyes open, and collected a good stack of information to back up my claims. I was retaliated against and threatened and scared to the point, I tried to kill myself, which is the reason for my hospital stay. I'm not a lunatic or a drama case. I just had reached my breaking point and wanted to escape. once I had my mind a bit more clear, I started to research, and try to figure out what AMC had to hide, Why they were so concerned with shutting me up. The threats kept on coming even while I was on medical leave, hired thugs showing up at my house looking for me. I had a total mental breakdown. The facts I uncovered as I researched were so horrible, it made me sick to my stomach that I ever worked there. I did not want their dirty money...even if I worked hard for it. when my issues with AMC were resolved, I put a good amount of money towards helping AMC customers who had been screwed, like the families in florida who were led to believe that they had home owners insurance.......only to find out too late they did not have a policy in place. After 5 hurricains demolished their homes.......Many families had been misled, and had no insurance and no means to rebuild or repair homes, or to move. I am not looking for a pat on the back.... I hope this helps to clarify your assumptions of my time spent at amc. Not everyone who worked at AMC was a heartless, greedy criminal.

I am sorry for what you have gone through with Ameriquest. In response to your question; "that i must have seen fraud every day of the 5yrs i worked there." That is a very bold assumption on your part!! I'm glad you feel you're the "moral compass" for all remarks made here about AMC from ex-employees. Just because I was once employed there Has nothing to do with my integrity. Believe it or not when I started 7 yrs ago, I started working in an office full of honest sales reps, processors, and managers. The same honesty and concern for customers that I learned in my 1st office, are the same practices i carried with me and held my staff to, in all my years of management. Up until there was a change in management, The change of the CEO from Kirk to Wayne. I never saw or heard of any misdoings, Maybe I was naive to assume that the other associates had the same integrity as myself, my staff, and the managers, and sales reps who trained me. You have NO IDEA of what I began to hear, and then see with my own eyes once Kirk left his position as CEO. I am of the belief that if you work your butt off, and try harder each time you fall, you will be successful. The very minute I had evidence to back up my claims made to HR, I filed the report. It blew my mind how people could be such criminals. Once the fraud started to cross the west coast like wild fire, I had already voiced my opinion, and was going through my own Hell created by AMC I kept my ears and eyes open, and collected a good stack of information to back up my claims. I was retaliated against and threatened and scared to the point, I tried to kill myself, which is the reason for my hospital stay. I'm not a lunatic or a drama case. I just had reached my breaking point and wanted to escape. once I had my mind a bit more clear, I started to research, and try to figure out what AMC had to hide, Why they were so concerned with shutting me up. The threats kept on coming even while I was on medical leave, hired thugs showing up at my house looking for me. I had a total mental breakdown. The facts I uncovered as I researched were so horrible, it made me sick to my stomach that I ever worked there. I did not want their dirty money...even if I worked hard for it. when my issues with AMC were resolved, I put a good amount of money towards helping AMC customers who had been screwed, like the families in florida who were led to believe that they had home owners insurance.......only to find out too late they did not have a policy in place. After 5 hurricains demolished their homes.......Many families had been misled, and had no insurance and no means to rebuild or repair homes, or to move. I am not looking for a pat on the back.... I hope this helps to clarify your assumptions of my time spent at amc. Not everyone who worked at AMC was a heartless, greedy criminal.

I am a former employee of AMC. I was one of the honest employees so to say that someone would never hire an employee of a company that trains people to be dishonest is wrong. I worked very hard to make sure my loans made sense and I have never forged a document but I am witness to forgery and sneakiness. I must say that I brought up fraud to my District Manger Corey Scandin of EGG HARBOR TWP. and a few days later I was fired. FK YOU COREY who is laughing now, you no longer have your high paying job to pay your big house mortgage payment and your 3 cars. Mary Jo can also kiss my a*s. These executives put so much pressure on the loan officers and if you have never sat at desk inside an AMC branch you have no room to say we are all bad. Every company across this country has good and bad employees. I am glad to see this company falling apart however especially after firing me for reporting fraud. Just remember one thing, the founder of this company has the second biggest home in California. All the top people have huge bank accounts so they will not be suffering. As for the bad L/O's regionals, DM's and branch managers you finally got what you deserve. As for the honest loan officers out there who really took care of their customers I feel bad for them and their families. Losing a job during these tough economic times are bad. Damon Marshall FORMER EMPLOYEE EGG HARBOR TWP, NJ BRANCH

Press Releases ameriquest is in the news AMERIQUEST ANNOUNCES NEW RETAIL BUSINESS MODEL Company to centralize retail mortgage operations ORANGE, CA May 2, 2006 ACC Capital Holdings (ACH) today announced the launching of a new business model for its Ameriquest Mortgage Company and Town and Country Credit retail mortgage subsidiaries, including the centralization of the branch networks into its existing regional production centers and the consolidation of corporate functions. The new centralized operations will improve efficiency and leverage the strengths of the company's retail mortgage origination business. The changes will result in the closure of local branches and a reduction in the company's work force. "We are launching a new strategy for our retail mortgage business one that will enable us to offer a broader array of competitively priced products and higher-quality customer service," said Aseem Mital, chief executive officer of ACC Capital Holdings. "We are moving strategically and decisively to remain a leader in an industry that is undergoing fundamental changes." Under the new retail business model, ACH will centralize its retail branch network into existing regional mortgage production centers in California, Arizona, Illinois and Connecticut. In addition, the company will consolidate many corporate functions at its Orange, CA headquarters. These changes will result in the total workforce reduction of approximately 3,800 associates and the closing of 229 retail branch offices. The branch closures are effective immediately. Through its existing regional production centers, Ameriquest will continue to lend nationwide. "Although difficult, the decisions announced today are the best strategy for improving our cost structure and increasing our ability to price loans competitively changes that are critical to our long-term success," said Adam Bass, vice chairman. "We greatly appreciate the contributions of our associates affected by today's announcement and have taken care to assist them in their transition." The new business model fully adheres to the company's previously announced agreement with the states. "The strategy and business practices of our new retail model are well aligned with our commitment to consumer friendly lending policies and with the business enhancements included in our Multi-State Agreement," said Bass. Ameriquest's regional production centers will assume the current loan pipeline and use existing capacity to begin originating new loans immediately. The centralization allows Ameriquest to retain and maximize its primary sources of new loans, reduce infrastructure costs and eliminate redundant functions. "Our new centralized approach creates an extremely efficient and scalable lending platform, which will increase our long-term competitiveness in a very cyclical industry," said Mital. About ACC Capital Holdings ACC Capital Holdings (ACH) is a national financial services company based in Orange, CA. The ACH family of companies originate, service and securitize a range of mortgage products. With operations nationwide, the ACH companies and their associates share a common mission of helping Americans reach their financial goals and achieve their home ownership dreams. The companies also demonstrate their commitment to communities through a wide array of partnerships, outreach programs and community investments. ACH subsidiaries include Ameriquest Mortgage Company (retail mortgage loan origination), Argent Mortgage Company (wholesale mortgage loan origination) and AMC Mortgage Services (loan servicing and capital markets). For more information about Ameriquest Mortgage Company, Argent Mortgage, and AMC Mortgage Services, please visit: CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

Just to clarify - there is no category for a person with inside information who is NOT an employee. While I have worked with and at Ameriquest sites, I am not, nor ever have been an employee of Ameriquest (think vendor). As to HSBC, that I can't answer to - however, I do know that the Ameriquest MasterCard is issued through HSBC. It is an incestuous business. WaMu buys a ton of AMQ loans ... the same WaMu that bought Long Beach Mortgage - which was the predecessor to Ameriquest and, which, for a time, held the record settlement level. History repeats itself. BTW - Mariano DID have wind of this, and being out on his keester, mark my words - there WILL be a new company that is spawned by this and Mariano will be at the head. So yes, history is setting itself up to be repeated yet again.

FOUNDON THE WEB Mortgage Servicing Fraud forum Yesterday at 09:38 PM -------------------------- I work for Ameriquest right now and there are rumors today that they were bought by HSBC and that they are laying off 40% of the work force tommorrow. I am not joking and have no reason to lie. I hope this is true because I hate working there and this will give me an excuse to leave with hopefully some severance. Word has it that Mary Jo and Mariano were let go today with many more to follow tommorrow. Hopefully me please!!! Lets hope the rumors are true. Thanks Mr. Arnall. yep Yesterday at 11:30 PM ------------------------ I heard the same rumors today from different people all over the country today. Funny thing is all of them said the same things.....which included a potential HSBC buyout, lots of branches closing by Friday, regional and area managers leaving, Mary Jo and Mariano quitting, and all day corporate meetings today. Even potential centralized loan operations rumors were mentioned..... apparently they will close retail branches and relocate everything to a central location to probably keep an eye on fraud. It will be fun to see how much of this comes true. Also, wasn't HSBC the mortgage company that holds the record settlement after being investigated 4 years ago just like Ameriquest??? /////////////////// Thank's Sarah for letting us know whats up.

Tuesday will indeed see layoffs at the company. Last week, the company asked for HR information to be updated via the intranet. Some managers even told their people that the layoffs were coming - one going so far as to also tell a vendor. All recruiters were in a "leadership" class and were told to take vacation time this week (aka, AMQ is not hiring). Packing boxes were shipped out to the Denver data center as well. This time, probably not as many branches closing as the management at corporate didn't seem to be traveling today. Aseem's private calendar has that the recorded message (just like last time) is scheduled for Tuesday morning. Some rumors - the companies that were split up 1.5 years ago (AMQ, AMC Mortgage Services, ACCCH) are all coming back together again. Another one - they are moving from a branch-centric organization to a call center based organization (that would be a biggy). So far, it seems that Town & Country Credit (another subsidiary) doesn't know anything about the layoffs, or, they're keeping their mouths shut. Very interesting corporate culture. Whether you want to believe it or not, the corporate employees, (at Town & Country & Michelson - not the Pond), truly believe in the corporate "values" of Do the Right Thing and Continuous Improvement. They are among some of the best & brightest I've ever seen. They either don't know what is going on in the field OR they buy that things are getting fixed. OTOH, the field is as bad (or worse) than anything reported here. It's as if two companies coexist in the same body - but are either living in denial or are so naive as to not know what the "other" side does. As an independent observer, this dichotomy is fascinating. Before you go castigating all - the "training" that these folks receive from corporate is above board. It is the "training" they then receive in the trenches that does them in. So, back to the lay-offs - yeah, there will be some real slimeballs (think Mariano) who won't have jobs tomorrow, but there will also be some really great and talented folks as well. Don't place them all in the toxic waste bowl of Ameriquest field - some truly were trying to make a difference, but the cancer that exists is perhaps too pervasive for even those with the best of intent to change.

We have a long ways to go to clean this mess up in this country. It seems that once these practices got going, it just gained an enormous amount of momentum, that will be very hard to eventually bring to a grinding halt. I know there are mortgage agents out there that still care about the customers first. Sounds like you are one of them. By the way, I recognize someone trained in professional people skills - nice move.

I'm glad that myself and others have helped you out! If you are sending people to this site then I definitely say thank you. Wish you or anyone had sent me here before I became an Ameriquest customer. And I think it's odd that you responded since there are many Steve's on this site. I guess you know that you have put me down in the past right? I also shrug it off when I see a comment that is insulting. I pass it off to ignorance. I used to respond with insults of my own but I realized it was childish. However, it did feel good to vent. I don't want to rag on you. I am just sick of people getting on here and telling customers how stupid they were to refinance with this crappy company. I believe all customers now realize they made a mistake but not by stupidity. We all believed what we were told and thought the reps were honest. I was naive to believe that a company such as Ameriquest would take advantage of their customers and rob them blind. This will never happen again. It's a shame to become hardened and believe no one in the business world but that is what it has come to. I responded to the comments from Mary Jo because I do get satisfaction from hearing of layoffs or class action suits. Ameriquest has screwed so many people, it's time they get a taste of how it feels. Speaking of debt, the only debt I have is with this company. After experiencing what my ex put me through with credit debt, I no longer charge. I now, alone thankfully, take full responsibility of my finances and decisions. I now manage my responsibilities as I did in the past. The problem is no customer of Ameriquest can ever be financially prepared because they never know what kind of charges/fees Ameriquest will come up with from month to month. So I will not be able to properly manage my finances until I am free of this rotten company. I will soon have legal representation and will be able to refinance at a reputable company. I have several companies I am considering. I am researching every aspect of these companies so I will not be screwed again. Ameriquest's ridiculous prepayment penalty is the only reason I'm still a customer but soon, that will not be a problem. It is illegal in my state to charge these penalties. Anyway, again I'm glad that I have helped you out. If you have any more information that could help any customer, please don't hesitate to write again. Even if I do think you are mean spirited, I will read, and use if I can, anything of value you have to offer. And Elvira, I'm glad you filed a complaint against Ameriquest but sorry it caused you trouble. But you did work there 5 years and I'm sure you saw the fraud and deceit every day of your 5 years of employment. I'm sure you regret working there now. You had to obtain legal counsel and the customers are being forced to do the same. I will have to pay an attorney, along with struggling to pay my high monthly payment and whatever charges Ameriquest decides to add to my increasing loan balance but in the end, it will all be worth it.

Come on! Mary Jo is not the one posting on this site. We'll only see a true authentic statement from her once she is fired. It's gratifying to watch this BIG GIANT lender go down in flames. It's been 2 yrs since I worked their, but 2yrs ago I filed a complaint w/ human resources; about fraudulent behavior, not among AEs, but at a very high level. High Enough to singe MJ's a*s with the fire my complaint started. I just assumed any company would want to know if their upper management was encouraging and engaging in illegal behavior. Well, I SURE WAS WRONG!! The retaliation towards me that took place after my complaint was mind numbing. I felt like I was living out the story line of a true crime novel. It put me in the hospital...and that led to seeking legal counsel, which led to a terrifying year of harrassment, threats (off the record of course.) All while I was on medical leave.... after 5 yrs of working my tail off eating up every line of BS that came out of Mary Jo's mouth. It was honestly a HUGE shock to see how far up the food chain the dishonesty went...3 changes of the CEO in 2 yrs might tell part of that story.

Corporations (like AMC) do not file Chapter 13 reorganizations. Chapter 13 is used for individuals to seek temporary BK protection from creditors while reorganizing their finances to create repayment plans. Businesses may file a Chapter 11 reorganization, and if you are truly Mary Jo you would know that. Chapter 13: Repayment of All or Part of the Debts of an Individual with Regular Income. 1. Chapter 13 is designed for individuals with regular income who would like to pay all or part of their debts in installments over a period of time. You are only eligible for chapter 13 if your debts do not exceed certain dollar amounts set forth in the Bankruptcy Code. 2. Under chapter 13, you must file with the court a plan to repay your creditors all or part of the money that you owe them, using your future earnings. The period allowed by the court to repay your debts may be three years or five years, depending upon your income and other factors. The court must approve your plan before it can take effect. 3. After completing the payments under your plan, your debts are generally discharged except for domestic support obligations; most student loans; certain taxes; most criminal fines and restitution obligations; certain debts which are not properly listed in your bankruptcy papers; certain debts for acts that caused death or personal injury; and certain long term secured obligations.

I want everyone to know that this is a last resort possibility that is now coming to fruition. We thought about filing for Ch. 13, which is still a possibility. Right now we are not doing enough business to break even. Our break even point is 1.2 billion, we aren't even close. That being said, Mariano hasn't been the best leader during these times. I've had to keep him in the dark about most of this, he'll find out next week his true fate. Most of the cuts will be to corporate hq. WE will be consolidating some other units of AMC. Stay tuned!

I want everyone to know that this is a last resort possibility that is now coming to fruition. We thought about filing for Ch. 13, which is still a possibility. Right now we are not doing enough business to break even. Our break even point is 1.2 billion, we aren't even close. That being said, Mariano hasn't been the best leader during these times. I've had to keep him in the dark about most of this, he'll find out next week his true fate. Most of the cuts will be to corporate hq. WE will be consolidating some other units of AMC. Stay tuned!

I want everyone to know that this is a last resort possibility that is now coming to fruition. We thought about filing for Ch. 13, which is still a possibility. Right now we are not doing enough business to break even. Our break even point is 1.2 billion, we aren't even close. That being said, Mariano hasn't been the best leader during these times. I've had to keep him in the dark about most of this, he'll find out next week his true fate. Most of the cuts will be to corporate hq. WE will be consolidating some other units of AMC. Stay tuned!

I want everyone to know that this is a last resort possibility that is now coming to fruition. We thought about filing for Ch. 13, which is still a possibility. Right now we are not doing enough business to break even. Our break even point is 1.2 billion, we aren't even close. That being said, Mariano hasn't been the best leader during these times. I've had to keep him in the dark about most of this, he'll find out next week his true fate. Most of the cuts will be to corporate hq. WE will be consolidating some other units of AMC. Stay tuned!

The non-prime mortgage lenders in the US are all cutting way, way back because their originating volume is dropping significantly. The largest lenders, Countrywide's non-prime division Full Spectrum Lending, as well as HSBC, New Century, Option One, First Franklin, Fremont, Wilmington are all tightening up the reigns. This downsizing is typical and not unexpected as mortgage rates continue to rise and fewer homeowners are refinancing. However, non-prime lending will actually be an expanding market segment long before prime because American homeowners finance their lifestyles with debt, and lots of it. I agree wholeheartedly, that it is great to see the scourge of the lending world, Ameriquest spiral downward to the inevitable crash & burn. I know you probably hate to hear this Kathleen, but the efforts of Ken, Marge, David, the letters to Congress, the AG's, the lawyers, the pressure on the regulatory agencies, and even yourself, actually help me and other legit brokers and lenders. Ripoff Report is a place I send borrowers when they tell me they are considering "offers" from some of these lousy companies, and I tell them to read people's comments. Frankly, it scares the he11 out of them and they usually thank me profusely for saving them from a really bad decision. Kathleen, you can rag on me all you want to, I just shrug it off. In 11 years in this business,I have seen 1000's of credit reports/profiles, probably talked to 10,000 people regarding mortgage loans. I have a better than average understanding of how American homeowners manage their debt. While you might think I am mean spirited, the only thing I have ever advocated is that people must take reponsibility for their decisions, be prepared(as best as possible) for unexpected challenges, make informed decisions, and manage their finances properly.

I'm really looking forward to next week now. I live for the days when employees from this wretched company are let go. Serves them right for their deceitful ways. As for "your" business dropping significantly? And why is this? Because of fraud, lies and poor service. Did Ameriquest actually think they could screw people forever with no consequence? Are they so stupid as to think word would not get around? Word of mouth is the making or breaking of any company and slimy Ameriquest is ignorant to think they could get away with their everyday screwing of customers for long. I loved the last layoff when there were many postings on here of the ex-employees whining of losing their jobs. Did they care that they put people out on the street when they foreclosed on their homes? Did they care when, during each closing, they looked directly into the customer's eyes and lied through their teeth? Did they laugh with co-workers when they screwed yet another customer? Yes, they did. How they can sleep at night is beyond me. But, now they are going to get what they deserve. Maybe some of them will be homeless when they can't find another job. If I were to interview anyone from this pitiful company for a job, well, they wouldn't have a chance. Why would anyone hire a person who was trained in the manner Ameriquest trains their employees? To lie, cheat and defraud everyone they can lure into signing their bogus contracts full of hidden fees and fraudulent charges. I believe they will have a hard time finding employment and I can't say I feel sorry for them. I have tried not to be hateful but it's hard not to be after becoming a customer of this crappy company. And if Beth, Craig or Steve wants to comment, feel free because I could care less of what you have to say. Your ignorant comments mean nothing to me or other screwed customers I'm sure. And Mary jo, I only feel pity that you are still employed by this scum company. But it is only you who must look at yourself everyday after putting the screws to individuals who do not even deserve to be treated like s**t after becoming a customer of your screwed up company. Good luck to all the scum who will be looking for employment, you will need it.

I'm really looking forward to next week now. I live for the days when employees from this wretched company are let go. Serves them right for their deceitful ways. As for "your" business dropping significantly? And why is this? Because of fraud, lies and poor service. Did Ameriquest actually think they could screw people forever with no consequence? Are they so stupid as to think word would not get around? Word of mouth is the making or breaking of any company and slimy Ameriquest is ignorant to think they could get away with their everyday screwing of customers for long. I loved the last layoff when there were many postings on here of the ex-employees whining of losing their jobs. Did they care that they put people out on the street when they foreclosed on their homes? Did they care when, during each closing, they looked directly into the customer's eyes and lied through their teeth? Did they laugh with co-workers when they screwed yet another customer? Yes, they did. How they can sleep at night is beyond me. But, now they are going to get what they deserve. Maybe some of them will be homeless when they can't find another job. If I were to interview anyone from this pitiful company for a job, well, they wouldn't have a chance. Why would anyone hire a person who was trained in the manner Ameriquest trains their employees? To lie, cheat and defraud everyone they can lure into signing their bogus contracts full of hidden fees and fraudulent charges. I believe they will have a hard time finding employment and I can't say I feel sorry for them. I have tried not to be hateful but it's hard not to be after becoming a customer of this crappy company. And if Beth, Craig or Steve wants to comment, feel free because I could care less of what you have to say. Your ignorant comments mean nothing to me or other screwed customers I'm sure. And Mary jo, I only feel pity that you are still employed by this scum company. But it is only you who must look at yourself everyday after putting the screws to individuals who do not even deserve to be treated like s**t after becoming a customer of your screwed up company. Good luck to all the scum who will be looking for employment, you will need it.

I'm really looking forward to next week now. I live for the days when employees from this wretched company are let go. Serves them right for their deceitful ways. As for "your" business dropping significantly? And why is this? Because of fraud, lies and poor service. Did Ameriquest actually think they could screw people forever with no consequence? Are they so stupid as to think word would not get around? Word of mouth is the making or breaking of any company and slimy Ameriquest is ignorant to think they could get away with their everyday screwing of customers for long. I loved the last layoff when there were many postings on here of the ex-employees whining of losing their jobs. Did they care that they put people out on the street when they foreclosed on their homes? Did they care when, during each closing, they looked directly into the customer's eyes and lied through their teeth? Did they laugh with co-workers when they screwed yet another customer? Yes, they did. How they can sleep at night is beyond me. But, now they are going to get what they deserve. Maybe some of them will be homeless when they can't find another job. If I were to interview anyone from this pitiful company for a job, well, they wouldn't have a chance. Why would anyone hire a person who was trained in the manner Ameriquest trains their employees? To lie, cheat and defraud everyone they can lure into signing their bogus contracts full of hidden fees and fraudulent charges. I believe they will have a hard time finding employment and I can't say I feel sorry for them. I have tried not to be hateful but it's hard not to be after becoming a customer of this crappy company. And if Beth, Craig or Steve wants to comment, feel free because I could care less of what you have to say. Your ignorant comments mean nothing to me or other screwed customers I'm sure. And Mary jo, I only feel pity that you are still employed by this scum company. But it is only you who must look at yourself everyday after putting the screws to individuals who do not even deserve to be treated like s**t after becoming a customer of your screwed up company. Good luck to all the scum who will be looking for employment, you will need it.

I'm really looking forward to next week now. I live for the days when employees from this wretched company are let go. Serves them right for their deceitful ways. As for "your" business dropping significantly? And why is this? Because of fraud, lies and poor service. Did Ameriquest actually think they could screw people forever with no consequence? Are they so stupid as to think word would not get around? Word of mouth is the making or breaking of any company and slimy Ameriquest is ignorant to think they could get away with their everyday screwing of customers for long. I loved the last layoff when there were many postings on here of the ex-employees whining of losing their jobs. Did they care that they put people out on the street when they foreclosed on their homes? Did they care when, during each closing, they looked directly into the customer's eyes and lied through their teeth? Did they laugh with co-workers when they screwed yet another customer? Yes, they did. How they can sleep at night is beyond me. But, now they are going to get what they deserve. Maybe some of them will be homeless when they can't find another job. If I were to interview anyone from this pitiful company for a job, well, they wouldn't have a chance. Why would anyone hire a person who was trained in the manner Ameriquest trains their employees? To lie, cheat and defraud everyone they can lure into signing their bogus contracts full of hidden fees and fraudulent charges. I believe they will have a hard time finding employment and I can't say I feel sorry for them. I have tried not to be hateful but it's hard not to be after becoming a customer of this crappy company. And if Beth, Craig or Steve wants to comment, feel free because I could care less of what you have to say. Your ignorant comments mean nothing to me or other screwed customers I'm sure. And Mary jo, I only feel pity that you are still employed by this scum company. But it is only you who must look at yourself everyday after putting the screws to individuals who do not even deserve to be treated like s**t after becoming a customer of your screwed up company. Good luck to all the scum who will be looking for employment, you will need it.

I don't believe the settlement itself is affecting Ameriquest. This $325 mil is a drop in the bucket when you consider that Ameriquest has been allowed to pay this amount in quarterly throughout 2006. Payments will not even be dispersed to the states until 2007. I believe - and I could be off on this - that Ameriquest nets $70 mil/wk. So if the $325 mil is split up into quarters, that's $81.25 mil/quarter, and $27 mil per month, or ~$6.1 mil/wk. That is not enough to result in massive layoffs. My thought is that this settlement only served to draw attention to their illegal predatory lending practices, and there is now a ground swell of consumers foregoing this settlement to initiate private litigation. These court cases for $1 mil to $5 mil are winning 100% (on the Predatory charges). This will be a major cause for concern for Ameriquest, not the actual money they are paying out on this settlement. This is only my observation. I could be wrong.