I've seen several posts all over the internet concerning this company and I wish I saw them sooner. This company is just a broker so be careful sending commitment fees. We started a loan process with my client, they gave an LOI committing to having a closing commitment within 45 days. 45 days passed and they provided another LOI from another mortgage company. I called that mortgage company and they were going to broker it out to another company. It was a daisy chain. Nationwide collected $4800 and the other mortgage company broker wanted $15,000. Beware of this. The parties invovled are:
Tony Tomasso
Chief Operation Officer
Nationwide Commercial Financial Group, LLC
4400 N. Federal Highway, Suite 301
Boca Raton, FL 33431
Office: 561-347-2228 Ext 205
Fax: 561-393-3970
Toll free 877 340 2228
[email protected]
website: www.ncfgcomm.com
I did some searching and Tony has defunct LLC's which is a very bad sign. As well, it looks like he is under investigation by the SEC.
The account executive was:
Desmond Stoll
Account Executive
Nationwide Commercial Finance Group, LLC
Direct: (916) 419-6874
Fax: (916) 290-0524
email: [email protected]
They're both great guys until you find out that they're brokers. Then it turns into a looping argument that ends with your client losing his money. He's all over usacomplaints.com and this site. Just a friendly bit of advice.
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