Wednesday, March 11, 2009

Dallas Home Loans steals from employees, gives to Church of Scientology?

Having interviewed several former Loan Officers for the company, it was learned that Dallas Home Loans, and its owner, David Melrose, seem to have systematically stolen monies from employees by enacting policies that allow David Melrose to fire Loan Officers prior to payout for closed loans.

Typically, Loan Officers are paid in the weeks following a loan closing and funding. However, many employees have reported that they were released by the company at the end of a given month, when most loans close. Melrose allegedly allowed the loan officers to shepherd their loans across the Closing finish line, but fired the Loan Officers prior to the loans actually Funding, thereby keeping thousands and thousands of dollars, which, apparently, he could then allegedly divert to the Church of Scientology.

1 comment:

  1. Finally, it is tempting to believe that it is easy to get a VA home loan with bad credit, but the truth is that there is no guarantee that approval will be given. Many military veterans are rejected because their application was deemed unconvincing.

    Bear in mind that the Hawaii mortgage loans only agrees to guarantee a 25% share of the mortgage after the lender has approved the application. The actual application is submitted to the lender, so securing approval despite bad credit is based on their assessment.