I am a former manager at Helpufinance/OCM Mortgage company. After several months at the compnay i observed some very frightening bad beahvior. During four days during the month of december I recieved several phone calls from disgruntled laon officers and branches who had not been paid their commission checks on funded loans in many months. One company claimed that the Helpufinance was holding over $70,000 for over a 6 week period. They were nervous that they would never be paid.
Another loan officer called and asked me why he had a signed broker agreement stating that he owed the compnay 10% for all the loans he closed, but the company had removed 30% on his last check. When he called to inquire what had happened, he was told the company was changeing their fees from 10% to 30%. When he asked why he was not being given any advanxce notice on this, he was told that if he didn't sign the new ageement that he would not recieve any of the commission on his next check.
Finally during mid December I was informed on pay day that 7 of the customes service and telemarketers would not be paid their past two weeks salaries! At that time I expressed my opinion to managemnt about the unethical behavior that I was seeing... Over the following week end I was locked out of the office and terminated without pay or any of my funded commission checks.
I have gone toi the department of labor on this and have found out that Helpufinance has many complaints files against them for unpaid employees. Everything I state in this complaint is true. I hope others can learn from this.
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