The owner Darin Ferraro is involved with selling mortgage leads and owns a company named Loanapps. Here is the scam. The more posts a member has is supposed to carry weight, as they are deemed "trusted" and their names appear higher up in the member list.
This is confusing and misleading as consumers and new loan officers in the business are led to believe they are knowledgeable and are unaware of this scam.
It has come to light on a post that was erased (as many are when any criticism of "the Fraternity" is revealed) that lead providers are trying to get as high a post count as possible so they appear "legitimate". Many new loan officers are taken in this way.
One of the providers named "Darkstar, aka Stephen Ames" has even claimed while drunk according to a past business partner that his marketing plan was to hit 3500 posts before advertising his services. There have been quite a few complaints about his leads and business tactics but the posts magically disappear. Several members have always taken up for him because they get free leads by lying for him about the quality of his leads. If another member calls them out on it they are banned immediately claiming a violation of forum rules.
Many loan officers go in there and pretend to be wholesale lenders to steal loans and customer financial information. This whole site is a scam to sell leads and it is becoming very evident. Avoid like the plague.
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