ED Magedson – Founder
Fidelity Mortgage Direct Corp1655 Palm Beach Lakes Blvd Suite C708 West Palm Beach, Florida United States of America
I am a former employee of Fidelity Mortgage Direct Corp and after what I have seen internally I would tell every borrower out there to keep shopping around.
They break RESPA violations on every single transaction.
They do not fully disclose fees in the Good Faith Estimate
I have seen employess doctor disclosures
Their sister title company Commonwealth over charges for title insurance to cover their lead expenses.
They dont charge points up front and tell the borrowers that they will not charge points but when you get to the closing table the points have been added in.
They treat their employees like s**t. They expect them to close loans on leads where borrowers are already at low fixed rates and have no need for cash out.
The leads are so old 90% of them have already refinanced and they micro mananage their employees who do their best and show loyalty to the company because the leads they buy are pathetic.
This is a bottom feeding company and the president of the company John Pineda and his mindless obedient b***h Javier Infiesta are both true scumbags.
Do not do business with this company so they are forced to close down.
DO NOT work for this company. You will waste your time and energy.
The only people who are closing loans are those who are closely related to the big bosses and fed the best leads while others scramble to make a living.
This report was posted on Ripoff Report on 01/11/2010 02:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fidelity-Mortgage-Direct-Corp/West-Palm-Beach-Florida-33401/Fidelity-Mortgage-Direct-Corp-Do-Not-Do-Business-With-This-Company-West-Palm-Beach-Flori-552616. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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