- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
I just wanted to give everybody a heads up on this company. Two very faithful loan officers started working for Mortgage Edge about a year ago. These loan officers are usually good for about 10 appraisal orders a month. Mortgage Edge did very well paying me until December. I have not received a check from them since the last week in November. It seems this big corporation has cash flow problems and is "robbing Peter to pay Paul". They now owe me over $9,000 and I keep hearing I will get paid, but every week I get less confident in them. The loan officers did collect checks from the borrowers for appraisal fees and forwarded them on to the home office, but those funds went to pay other bills. The loan officers are embarrassed and have decided to have their borrowers pay me directly from now on, but that doesn't make my past due invoices feel any better. Please be careful if contacted by this company and do not issue them any credit. I find it deplorable that any mortgage company can not pay their bills after the mortgage industry boom last year. Mismanagement of business has got to be this country weakest link right now.