Total Mortgage Protection, the parent company of Surequote, is running some type of slight of hand, smoke and mirror fake lead generation program for insurance agents. I've heard so many stories from people that were ripped off by these guys and gals in West Palm Beach (read: Wellington) Florida that my head is spinning.
There's a few versions of this lead generation game going on. It started with a remote dialing system that had access to 100,000 incoming fresh leads (yeah right!) that were generated thru a number of sources, but most importantly from lenders that were paid a 'bounty' for each mortgage deal name that was received and then sold by Surequote agents. I think the 'bounty' was $100.
Surequote / TMP charged between $1,000 and $1,500 per month for access to their database and to their remote dialer. PLUS the contracts you got from the 5 insurance companies only had 'street' level commissions. So, not only did Surequote / TMP grab a grand a month from the agents, they made almost dollar for dollar on insurance commissions.
Obviously (because I tried to used the system for 3 months), from all the complaints, the system didn't/doesn't work. Right now they're selling leads in some type "of pay as you go" deal, but I haven't bothered to really look into it.
As I have stated in the Surequote ripoff report we, here in southern California, have been dealing with Surequote/Total Mortgage Protection for over 5 months and have been trying to get a refund for over 3 months.
Wayne A Jenkins is the President and Owner of TMP and Surequote. He has a hand in a company called Rjw Ventures and he and maybe Tom Longilla (of Jefferson Pilot fame) have a hand in something called Physicians Capital Resources, LLC.
Almost everyone that's left down there is related one way or another to Wayne A Jenkins, (his Mother usually answers the phone) it seems only family can work with this guy. Everyone else has quit and is still owed money. Lot's of it, from what I've been told.
I have the name of most employees, past and present. I know some of his money people, and some of his creditors. I do know the guy he owes the most money to. I have a list of over 200 of his present and past insurance agent clients. I have talked to 14 of them over the past 30days.
He uses AIG, Fidelity, Midland, Mutual of Omaha and RBC Liberty as insurance carriers. Most of these companies know of the complaints against Wayne A Jenkins but haven't done anything yet.
TMP and Surequote is a borderline con game. They do take your money and fail to perform as per contracted. I think that's fraud? We, here in southern California are preparing to complain to the appropriate DOI's and the Florida Attorney General.
If you've been ripped off by Wayne A Jenkins dba Total Mortgage Protection or Surequote I suggest five immediate steps you should take.
1) send a certified 'demand letter' for your refund.
2) file a complaint with each state you are licensed in AND Florida's DOI
3) file a complaint with the Florida State Attorney Generals office
4) file a complaint with each of the 5 insurance carriers (a must)
5) file a complaint with your home state BBB and Florida BBB
You also might want to send a letter of warning to any insurance publication you subscribe to.
Sorry you had to go through this. We're only out $3,000! There are others out a lot more.
0 comments