I am a former employee of this shady crook James Assali of Meredian Financial. I worked really hard for this guy for over 2 months. I followed procedure on receiving money and selling loans. We took a $500.00 rate lock deposit for the loan promising the customer we would lock in the loan, which according to James, we were not allowed to lock anything until the loan is about to close! we got paid a commission of the $500.00, which is supposed to go into escrow. On top of that, he would have the customers pay two payments outside of closing, which he calls, "Borrower Contribution". He claims it goes to their mortgage balance to offset their mortgage, which is entirely false. It goes in his bank account. There have been several times where he would write the employees checks, including the hourly receptionsist, and they would all bounce! We all got tired of this nonsense, so I was planning to close out all my loans and quit. When he found out about this, he fired me for being associated with "gooks"! He said he would fire anyone that was friends with those "Mother F***ing Gooks"! To make matters worse, James Assali told me I could work on all my loans from home, which I did. Did I get paid? NO! I am in the process of taking matters to the labor board, but in the process, I got kicked out of my new house because of him, and I can't see my children as much because of the emotional stress he put me through. The main reason I am writing this report, is not for my personal reasons, but several of my customers have since October 26th 2009, call me to tell me that James Assali gives them all the same excuse of why they did not get their escrow checks. When a loan funds, monies are dispursed within 72 hours. All of these customers' loans have funded over 30 days ago, and still, no money. One customer is owed over $10,000....another, $20,000....The money is paid to Meredian, and Meredian in turn is supposed to cut the checks. Russell Howerton works in the same office using a lady my the name of Mrs. Joans in Florida as their scapegoat for Title company. Russell is the on e who does the actual title work, deposit escrow checks into Meredian accounts, then transfers funds to a personal offshore account. The excuse James uses is the same as everyone..."Sorry, Russell is new, he put the wrong account # on the checks, and they had to stop payment." Why is this excuse used for everyone? How is it that James Assali and Russell Howerton have not been indicted on federal charges yet? They will soon....Paul Ferris holds the Broker licenses as the silent partner. He is just as responsible. The sick part is, James Lives on 29 Shady Lane...Go figure. I willl have my justice in court, and I hope all my customers receive their money too. I feel their pain. If you even consider using this company, you would be in for a reality nightmare. This is not a joke, nor is it a retaliation from a disgruntled employee. If you dont believe me, please email back, and I will have all of my customers tell you the truth, which is what I am telling you.....
Meridian Financial Services, Inc. Reviews
I am a former employee of this shady crook James Assali of Meredian Financial. I worked really hard for this guy for over 2 months. I followed procedure on receiving money and selling loans. We took a $500.00 rate lock deposit for the loan promising the customer we would lock in the loan, which according to James, we were not allowed to lock anything until the loan is about to close! we got paid a commission of the $500.00, which is supposed to go into escrow. On top of that, he would have the customers pay two payments outside of closing, which he calls, "Borrower Contribution". He claims it goes to their mortgage balance to offset their mortgage, which is entirely false. It goes in his bank account. There have been several times where he would write the employees checks, including the hourly receptionsist, and they would all bounce! We all got tired of this nonsense, so I was planning to close out all my loans and quit. When he found out about this, he fired me for being associated with "gooks"! He said he would fire anyone that was friends with those "Mother F***ing Gooks"! To make matters worse, James Assali told me I could work on all my loans from home, which I did. Did I get paid? NO! I am in the process of taking matters to the labor board, but in the process, I got kicked out of my new house because of him, and I can't see my children as much because of the emotional stress he put me through. The main reason I am writing this report, is not for my personal reasons, but several of my customers have since October 26th 2009, call me to tell me that James Assali gives them all the same excuse of why they did not get their escrow checks. When a loan funds, monies are dispursed within 72 hours. All of these customers' loans have funded over 30 days ago, and still, no money. One customer is owed over $10,000....another, $20,000....The money is paid to Meredian, and Meredian in turn is supposed to cut the checks. Russell Howerton works in the same office using a lady my the name of Mrs. Joans in Florida as their scapegoat for Title company. Russell is the on e who does the actual title work, deposit escrow checks into Meredian accounts, then transfers funds to a personal offshore account. The excuse James uses is the same as everyone..."Sorry, Russell is new, he put the wrong account # on the checks, and they had to stop payment." Why is this excuse used for everyone? How is it that James Assali and Russell Howerton have not been indicted on federal charges yet? They will soon....Paul Ferris holds the Broker licenses as the silent partner. He is just as responsible. The sick part is, James Lives on 29 Shady Lane...Go figure. I willl have my justice in court, and I hope all my customers receive their money too. I feel their pain. If you even consider using this company, you would be in for a reality nightmare. This is not a joke, nor is it a retaliation from a disgruntled employee. If you dont believe me, please email back, and I will have all of my customers tell you the truth, which is what I am telling you.....