Where should I begin being a former employee of Ameriquest in EggHarbor Twp., NJ. I am among more then a handful who lost there jobs at that branch. The manager at that branch who brought on the most illegal loan practices I have ever seen.
Loan Officers are taught to build repor with customers to in the end rob them blind. If the Loan Officer couldnt get the loan to work the legal way by the numbers or guidelines then the loan would then end up on the managers desk. Once the file was on the managers desk it was free game to changing credit card payments if the debt to income ratio was to high making it look like the customer could afford the loan when in actuallity they really were over extending themselves with this Ameriquest Loan.
If the appraisal value came in under what was needed then the manager would then pull an automated appraisal value from another property and switch the addresses at the time of closing to get a higher value for the loan. The loan was from start to finish forged changed all to rush to closing so the manager would pull in his fifty thousand that month.
I have repeatedly hurt the manager say racial slurs about clients or employees which was totally unappropriate. Favortism was definitely a high priority for the manager if he liked you then you were given anything you could imagine. If I were looking to refinance I would seriously rethink using that branch unless you want to sell your house later and be upside down on value and what you owe cause it is bound to happen.
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