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Guest

I'm a MLO, and I'm considering working for Intercontinental Capital Group (ICG) at their call center in Phoenix. No cold calls, leads are generated via direct mail. I've checked them out on the web, but pretty new so not much out there.

Any info would be great, thanks.

Guest

Never heard of this company... guess they are pretty new in this field...

Guest

Yes, they've been in NY for some years, have been expanding, opened inside sales in Phoenix in 2009. BBB has them at A-. Complaints are against their advertising, but I don't find it all that misleading, compared to what I've seen by fraudulent lenders. They mention the recovery act, and that FHA loans are now attractive, which is true.

Anyway, they have supposedly increased their loan business by 400% this year, closing most loans in 7 - 10 days. Client feedback on the net is mainly good, couldn't find any complaints on the complaint websites from clients. But there's no way to tell how many posts are company shills.

Anyway, was just wondering if the MLO job in the call center is commission-fair. The big banks are giving all MLOs unattainable sales goals, obviously to cut costs. So just looking for a fair shake.

Guest

Stay away. That place is a revolving door. As a former employee of ICG I was forced to leave because my 4-5 loans I was closing a month barely was enough to pay back my minimum wage draw. They give people trigger leads and pay them 25-30%. Total garbage. There are much better places to work.

Hope this saves you some time.

Guest

Morano et al v. InterContinental Capital Group, Inc. et al
Plaintiffs: Jason Morano , Avin Samtani , Kyle O'Keefe , Muniram Boodram , John Yurkovich , Matthew Puccio and Jeremy Lasacco
Defendants: InterContinental Capital Group, Inc., Richard Steinberg, Robert Tuzzo, Kola Lulgjuraj, Craig Bobroy and Dustin Dimisa

Case Number: 1:2010cv02192
Filed: March 12, 2010

Court: New York Southern District Court
Office: Foley Square Office [ Court Info ]
Presiding Judge: Victor Marrero
Presiding Judge: Judge Victor Marrero

Nature of Suit: Labor - Fair Labor Standards Act
Cause: 29:206 Collect Unpaid Wages
Jury Demanded By: None

gmakerley · Posted: Fri Apr 23, 2010 10:59 am Post subject:

Sounds like a delightful place to work!

Guest

Worked there for a week and left. What a horror.

Guest

I, too, worked for them for a bit (about a month). Very bad. They put $100 bills in a jar and try to entice people to get a deal in the door from the recycled leads that they give everyone. Like "mortgagepro" above said.....horror is a good word. The free lunches that they give you are not worth the mental anguish they deal out to "employees". I felt like more of a concentration camp resident. Seriously, do not work here. You have been warned.

Guest

DO NOT WORK FOR THEM its a boiler room operation, and they will do what ever it takes not to pay you while you slave 60 hrs a week

tes49tsc5 · Joined: 07 Jul 2010 Posts: 1 1.18 Dollars($)

don't know what you want to do with this little tidbit,
but we just received 125 (not kidding counted them myself!) bundled in a rubber band from the mailman letters:

Re: HUD Lender ID etc etc....
"you have not responded to our previous attempts to notify you " asking me if I want to refinance....
mmm....way over the top, don't you think?

Guest

I have never worked for such a terrrible place in my life. Low payouts, padded rates, and 2 months to get paid. I got out of there as soon as I could. There are many other places in NY to work for that will actually treat you with respect.

Guest

I don't even know where to start. I went into ICG for an interview the other day. The gentleman who interviewed me told me in my first year I could make $10k/year, $40k/year, $30k/year, and finally $20k/year...which is a pretty huge discrepancy.

My favorite question in the interview: "How much do you like money?..this job is about doing what you have to to make money. Look at me, I've got a nice big house and a nice car and my kids can have anything they want".

....needless to say, for the first time in my life I didn't send a thank you letter afterwords.

gmakerley · Posted: Sat Jul 31, 2010 7:47 am Post subject:

Suffice to say, shop elsewhere if you're looking for a job.

Posted: Tue Oct 19, 2010 12:06 pm Post subject:

Just a heads up. That guy truth who claims to be closing 4-5 loans a month and got fired is full of s#it. No one gets fired from any mortgage company who produces that way. Probably couldnt pass backround check for some shady activity he did in his past and now is mad they let him go

Guest

I received a letter to refianance with lower interest rates of 3.99% for a 30 year mortgage with good credit. As far as refianancing are they on the up and up?

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