I want to start by saying that ameriquest did not hire me for my gramar. I cannot spell nor do i have good sentance structre. Sorry
If the truth be known I hate ameriquest. I worked for them for (to long) 11 mo. I went to my next job interview and said that ameriquest was my bootcamp.
I'm sorry if I ever hurt anybody I can Only think of two files That i made docks. For that was not bennifacal. I have a family too i need money..
I feel that ameriquest has found god. With all of the layoffs they are gitten rid of all of the (dirty branches) to try to start over with new policys and new morals.
When i started it was like the wild west no cops to tell us that we were doing wrong. I never have perticaped in any fraud never stole anything. I went to a job interview and was told I would make 180K or higher. I talked it over with my wife and she was happy. I called th boss back and acceped the job. Ready to make money i started last year and realized very soon tha to make money you had to forge docks or make docks. My first month I had to wait to book loans so took in everything and relized this the next month I took it in to my on hands I booked 10 loans great pay check I made 22k thats more than i made last year. I was happy. Now the fun starts I was expected to do that again. To do 10 or more YOU HAVE TO COMIT FRAUD. The next month I realized that what i was doing was wrong. I said to my self NO FRAUD (what a joke) I booked 2 loans. My job was on the line so I reverted to FRAUD I boked 9 loans. Next mo 4 no fraud. Then 8 there on out the last month I said If i cannot do this job with out fraud then it dose not need to be done and i need to find a nother job.
Needless to say I boked no loan (0) i left ameriquest on my own terms I never got writen up or worse fired. I realized that i was in the circle of crouption i hate myself for what i did an i know what i did was wrong.
Title issues are big I know that the title company that ameriquest uses is dirty. They take leins off title that are supposed to be there when you ask the manager what to do they demand that you argue to the point that MIS takes it off the title. My former boss brages that we own the title company and we can get them to do any thing. This is not right. My worse case is I made a customer pay off a lein that was not theirs. This is still not resolved (the last i herd of this).
Aprisals. Ameriquest owns Arprisaers. Imagen if you gave a aprisal company 45k a month what they would do for you they would get any value that you needed. Worse case for me I sent a apprsair out to a dubblewide in NC (low property values) he apprasied it for 178k (a big push on value) I closed the loan and i kown that that he will never git of the adjustable rate loan that i put him in plus he has a 2.5 year per-payment penltly i'm so sorry.
Income documents this is the bread and butter of ameriquest. If you have a loan that has a debt to income ratio problem (dti) you make w-2 for them to get them into a loan (a loan they cannot afford) in my state it is 55% dti i have seen a 90% dti trun into a 48% dti just to close a loan.
Cash reserves. They use these to get a customer into a lower rate. This was my area of expertise i produced 100's of these this is where I take a old cust. File that has legitmate 401k or ira accounts and make them a difrent customers to get them a lower rate 9 OR TO BUDGET 55% DTI.
Closing papers if the closer f*es up and forgets to sign a pictular document some body will take your signature to the coke machine and sign the forgotten doc.
This co. Is fraud fraud fraud all the way around it from the top to bottom. If you take 15 20 to 35 year old money hungy people and tell them they can can make 180k for booking loans they are going to do what it takes to book them...
For all of you that got f*ked by ameriquest Im sorry 75% of what gose behind your back on you have know clue. Just rember that and know that even though you have know no clue you still signed the closing package that stated it all..
I went back to 50K a year job and dont have to worry about pressure to commit fraud.
I know that a home is the most valuable thing that anybody owns and i hate that i f*ed up. I often comtpenplate what i have done and cannot not sleep at night I cannot say it enough IM SORRY. I ask god for forgiveness and hope he still listens to me.
Harrygerman town cir, North Carolina
U.S.A.
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