First Option Mortgage

5 stars
(0)
4 stars
(0)
3 stars
(0)
2 stars
(0)
1 stars
(2)
Category: Business & Finances

Contact Information
United States

firstoptionmortgage.com

First Option Mortgage Reviews

Henry April 2, 2009
Fraudulent charges
First Option Mortgage, LLC terminated me on July 21, 2008. Subsequently, I did not receive commissions on two pre-termination transactions. In addition, the company deducted $1, 300 in “employee expenses" and a Fed-Ex overnight fee of $10. The commissions total $2.400, resulting from $8, 000 in fees generated on two mortgage transactions. The total base amount owed to me thus comes to $3, 710.

In Indiana, failure to pay income when due (I.C. §22-2-9), and/or making of deductions that are not authorized by the employee or able to be deducted under the 13 limited categories permitted under Indiana law (I.C. §22-2-6) subjects employers to treble damages (three times the total amount due) plus the employee's attorneys' fees (I.C. §22-2-5). Consequently, I am pursuing the matter in court currently. As of October 21, 2008 we had to file the lawsuit in Marion County, Indianapolis IN do to the fact that we were told to “Go ahead and file the lawsuit by Kim Winslow, Corporate Executive to Kurt A. Nikolai, Partner and Owner" in a last ditch effort to resolve this matter. I should be able to recover nearly $12, 000 due to the failure to pay commissions and improper deductions, along with attorneys' fees that could easily amount to tens of thousands of dollars.

We are willing to settle the matter immediately for the payment of the principal amount due and of a reasonable attorney fee's thus far. Consequently, the matter is ripe for resolution still for something less than $5, 000. Along with that, we would anticipate willingness on First Option Mortgage, LLC to provide a positive letter of reference.

We have attempted to contacted Kurt A. Nikolai, Partner and Owner through mail, email, and phone to achieve a resolution and have had no response. If we do not achieve a resolution not only will we seek recovery for the foregoing amounts under Indiana law, but also due to the failure of the organization to properly remit the amounts it was obliged to pursuant to federal and state withholding requirements, including the 8% employer share under the Social Security and Medicare Acts. It also may be that Mr. Brown could pursue an equal rights claim under either or both Title VII and state law.

We are hopeful to be able to achieve an expeditious resolution along the lines proposed. Our effort is to compromise this dispute with First Option Mortgage, LLC how ever we have had no cooperation from any representative or Kurt A. Nikolai, Partner and Owner of the organization. In which it seems this matter will now be brought before a Judge in a court of law in the State of Indiana.

Note: We have all documentation in regards to the above referenced report.
December 2, 2008
Awful company
First Option Mortgage RAISED our fees at closing with NO notification or authorization. We were told by Josh Fitzwater to close the loan and he would see what he could do.

In the beginning we were told we would have fees of $2, 600. All fees and schedules were listed in all the documentation that we signed. How ever the day we were to close we were asked to resign documents with higher fees totaling over $8, 000. This company tried to tell us they were a good company that they were not a broker and that they are a bank. So we felt like we made a good decision. I should have known when we went in to the appointment at 8888 Keystone Crossing, Ste. 900 Indianapolis, IN 46240 that we were about to be taken advantage of. I have closed on several loans in my 20 years of home ownership and I was not about to let them do this to me and my family.

We never ended up closing on this loan at First Option Mortgage. I would suggest if anyone decides to refinance or buy a home to consult with your local bank or credit union. BANKS AND CREDIT UNIONS DO NOT CHANGE FEES AT CLOSING. Further more I found out First Option Mortgage is a Broker according to the Secretary of the State here in Indiana. They wasted our time and money that we paid for an appraisal out of our own pocket. The appraisal First Option Mortgage had done we could not use because our home was over appraised by them by over $10, 000 and the bank said they could not use it. If we would not have listened to the loan officer from First Option Mortgage and just went with our bank it would have been the much better choice.

I am very thankful we did not close on that loan...

Write a Review for First Option Mortgage

Rate it!
Review Title
You Review
Image
Type the numbers shown

RECENTLY UPDATED REVIEWS

LUAN KHUC UNCLAIM ASSETS ON FILE : $2,111,650.00
The company does not honour the warranty claim and makes you pay for device repair even if you are not at fault.
permanently closed
Taxi To Heathrow & Heathrow Taxi Transfers
Chapter 7 Bankruptcy
Ride and Shine Detail
old ironsides fake id
Digital Marketing and Company Formation Services UAE | SEO and PPC Marketing
Escort ladyluck Frankfurt

REQUESTED REVIEWS

REVIEWS BY CATEGORY