Discussion on Envision Lending Group Inc.

Schumpeter Reincarnate Joined: 24 May 2008 Posts: 46255

http://ml-implode.com/imploded.....10-29.html

Dud? Joined: 05 Dec 2008 Posts: 3

I am glad to see that Brokers that don't play by the rules are finally being recognized by State Regulatory Officials and by Mortgage Implode. Not only does it appear that Envision Lending Group is in trouble (due to loosing and not renewing licensing) those of us that deal with them every day know they don't play by the rules.
I have several friends that worked their and recently left that claim they allow individual loan officers to broker loans in States where they are not licenced and get paid a commision after putting the loan in another Loan Officers name who is licensed.
They also claim they get paid the majority of their commission to a marketing company and submit fake invoices to avoid paying taxes and operate like independant contractors.
It is nice to see company's like this leave the industry!!

Dud? Joined: 15 Dec 2008 Posts: 4

I don't think it's a matter of punishing those that don't play by the rules. Envision is one of the most compliant mortgage companies in existence. That is something you can verify with the DRE. I think the licensing move is a smart one, the industry is extremely volatile and the only way for a company to remain relevant is to adapt and make the necessary compliant changes that are required. That is something that a lot of brokers overlook and that is why those brokers find themselves in trouble. Envision hasn't paid loan officers through a marketing company for some time, which wasn't sketchy to begin with. Fake invoices? really? Thats laughable. Anyone that has honestly taken the time to familiarize themselves with Envision has found the experience to be a good one. It is the dishonest loan officers that move from company to company that sully the name of good brokers. Don't expect Envision to be going anywhere, they are a staple in the mortgage industry.

C-4 Joined: 19 Jul 2007 Posts: 1390

Are you sure this conversation is about Envision Lending?

When it comes to companies that are Felonious and RICO bound, I am sure you are talking about SunnyMtg.com out of Ft. Lauderdale Florida.
Talking about scandalous and "Fake" Invoices... OMG...
At least AMY pays people. Sumit Gadhh -steals the L.O.'s commission checks. People close Loans and he keeps their money.

He makes Envision Lending look like a Girls Scout Troop.

Dud? Joined: 16 Dec 2008 Posts: 1

Who is this Macey Buker with Envision???? Is he the real owner of Envision? He refused to pay me when I left. Envision owes me over $14,000. Does Envision owe anyone else????

Dud? Joined: 18 Dec 2008 Posts: 2

Is this him?
http://www.utahsright.com/char.....p;search=1

Dud? Joined: 20 Dec 2008 Posts: 1 Location: Utah

I had the unfortunate opportunity to work with Envision loan officers over the past 5 years. The owners absolutely know what is going on and help the loan officers make it happen. I have personally witnessed them offering to "fire them on the spot" in order to avoid being terminated by a lender only to see the same loan officer back in their offices the next week.

Jerry and Macey are nice as can be until you have a problem with one of their loan officers. It's like a military inquisition. And God help you if your lender is cutting them off. The gloves come off and Jerry and Macey will show up at your wholesale office ready for a fight. They truly do believe that they are above the rest of us who actually have to play by the rules. Exact quote from Jerry was "Go ahead, cut us off and see how long you last in the Utah market!". Overinflated ego much? I've heard Macey is an owner, but not legally because he's not allowed due to prior convictions!

Don't think for one moment that they decided to be honest and pay W2 wages just because it was ethical...oh no, I heard that didn't happen until they were fined several hundred thousand dollars for NOT abiding by the law!!

Be very careful who you work for - when you're one of thousands of loan officers making them rich, you mean NOTHING and if you leave, nobody will miss you because there are 100 more waiting to pay for your cubicle!

Dud? Joined: 28 Dec 2008 Posts: 1

for Mortgage fraud and undisclosed YSP. I would be interested to speak to anybody else out their in the same situation.

Dud? Joined: 18 Dec 2008 Posts: 2

Good riddance.