![]() She wanted to make sure their credit was pulled prior to the scheduled appointment that evening so they had clear numbers. She gave American Financing permission to pull credit not once, but twice on the call. Once ****************' credit was pulled there were several lenders that received alerts from the credit bureaus. Although all of the credit bureaus sell borrower data. American Financing's privacy policy clearly states that we do not sell any borrower data. American Financing does not service its own loans so we must follow the guidelines of our investors. When we started the process the investor guidelines were 10% down payment, and within one week the investor changed the guidelines to 20% down payment. We wanted to do this loan for **************** but the investor changed its requirements during the initial process. I equate this to harassment and the organization should adjust their tactics.Īmerican Financing understands why **************** is upset, but not completed this loan was beyond our control. I understand that they want the sale, but I've never seen such an invasive form of contact. I did not apply for an assault of various forms of contact within less than 24 hours. The gentleman who confirmed I was on a recorded line, was quite rude and I expressed that it was not the way to do business.I submitted a form to inquire about refinancing my home. I stated that no, I did not get any answers, because I wasn't going to do business with an organization with such aggressive tactics. I expressed that I filled out the form to start an inquiry. ![]() I was told well why did you fill out the form, did you get your answers, etc. And instead of letting me finish, which I was speaking rationally, I kept being interrupted. I advised the person on the phone that I already asked to be removed from contact lists. End of story, or so I thought.I wake this morning and check my email, I received an email at 10:11pm and by 8:23am already had yet another call. I expressed my frustration over their very aggressive sales tactics and did not want to be contacted any further. At approximately 7:00pm I received yet another call and at that time, asked to be removed from their contact list. I went back to work but between 3:30pm and 5:00pm I received a total of 4 texts and 5 phone calls. I received an email confirmation at 3:35pm. As the case is still pending, further comment would be inappropriate.I submitted an inquiry form on American Financing website about 3:30pm on during my afternoon work break. We respects the jury’s decision, but do not agree that any of our human resources decisions were incorrect. The jury disagreed with our personnel decision as to the fourth plaintiff. We defended our actions successfully with respect to three of four plaintiffs. In an emailed statement, a representative from American Financing said, “American Financing Corp., is pleased to have reached this stage in the case. The company, in a statement published by the Denver Post, said that it is looking forward to seeing the case through. The article states that the company has not been formally accused or sanctioned by any regulatory body for its alleged mortgage fraud. ![]() In Colorado, whistleblowers are protected from retaliation. The jury agreed with Reynolds’ claim that AFC fired her because she reported the allegation of mortgage loan application fraud to company management. Olsen declined further comment about the verdicts. The jury decision in favor of mortgage consultant Sandra Reynolds came Wednesday afternoon in Arapahoe County District Court where Reynolds and three co-workers had filed wrongful termination lawsuits, plaintiff’s attorney Jack Olsen said. The other three employees had their claims denied. The case made its way through the Colorado court system, and earlier this week, a jury awarded $37,000 to one of the former employees for the company’s actions, according to a report from the Denver Post. The lawsuit claimed that the company defrauded JPMorgan Chase, Wells Fargo, Flagstar Bank, and others. The lawsuit claimed that the company was using falsified documents and withholding unfavorable financial information on behalf of clients to originate mortgages that would not have been approved otherwise. Last year, the four former employees sued American Financing, claiming that they tried to warn their supervisors about fraudulent activities they’d uncovered at the company. was ordered to pay up after four of the mortgage company’s former employees claimed that the company fired them for trying to blow the whistle on widespread mortgage fraud taking place at the company. ![]()
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