• Report: #1049323

Complaint Review: Network Capital Funding Corporation

  • Submitted: Wed, May 08, 2013
  • Updated: Wed, May 08, 2013

  • Reported By: Rich — Austin Texas
Network Capital Funding Corporation
5 Park Irvine, California USA

Network Capital Funding Corporation Fraud: not a refiancing organization and unprofessional Irvine California

*Consumer Comment: Network Capital=Crooks and liars

*UPDATE EX-employee responds: Network Capital is the worst place to work at

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Had started working with Network Capital in January of this year.  All initial conversations were cordial, prompt, and responsive.  Then after the property appraisal was ordered.  NOTHING.

They disappeared until the surfaced after I sent multiple letters and calls directly to them. They then stated I did not qualify for a loan.  This after a month and half that everythings was 'ready' to close. Then this week I received a loan denial letter from a Bank I have never heard of: Flagstar Bank.

Not sure what business practices Network Capital has or not, but I would not work with them at all. Be forewarned.  I wished I had search this site before wasting my time.  I'm looking at taking legal action for my time and expense.

 


This report was posted on Ripoff Report on 05/08/2013 10:11 AM and is a permanent record located here: http://www.ripoffreport.com/r/Network-Capital-Funding-Corporation/Irvine-California-92614/Network-Capital-Funding-Corporation-Fraud-not-a-refiancing-organization-and-unprofessio-1049323. 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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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Network Capital=Crooks and liars

AUTHOR: transam - (USA)

 It's seems as though Network won't tell the truth even to save their reputation. The facts are simple. Network unsuccessfully tried to do a bait and switch on me regarding interest rates and then tried to use the only weapon they though they had against me for revenge, because I went to another lender. Almega tried numerous times to get an appraisal release from Network with no response from them. I had to get into the situation to try to help Almega get the loan closed. Network stated that they would not and could not send a simple, one line appraisal release. All of the statement they have made regarding terms of the release are just another fabricated story, lies, that Network seems to be good at. I never said that I didn't receive a copy of the appraisal. I first received it directly from the appraiser and then later from Network, only after repeated attempts to get the release. I asked the appraiser long ago if she could change or remove the lender name on the appraisal but she said only if she received communication from Network that is was acceptable to them. Of course that gets right back to the beginning where Network refuses to release it. Getting back to simple facts, Almega's banking source will accept the appraisal that I paid for if they have simple statement releasing it. No one is asking Network to gaurantee or warranty anything. That's another lie from Network to try to get you to believe they did all they could to resolve the situation. The opposite is the truth. They did nothing to help resolve it. They are fast talking liars. All of their babble about what is acceptable in their realm of lenders means nothing in this situation. If they sent the release they are claiming, prove it. Let's see unalterable proof.

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#2 UPDATE EX-employee responds

Network Capital is the worst place to work at

AUTHOR: Network Captial Sucks - ()

This company is not only ripping off consumers but they rip of employees as well.  This is the absolute worst company to work for.  They lied to me about compensation during the interview.  They told me that I can make $100k per year with no problem at this company.  Also on the listing when I applied, it said you made $3k per month in base.  This is not true at all.....The owners Tri and Hugh Nguyen start you off at a wage that you get as a door greeter at Wal-Mart and the managers treat you like crap while you are there.  The only good thing that comes out of it is that they pay for your NMLS license.  My take is if you can pay for the license on your own go and do it that way to avoid these sneaky assholes.  When you officially get your license to become a loan officer the HR dept. gives you a work agreement that shows you the compensation.  Unless the laws of mathmatics have changed, there is absolutely no way anyone makes $100k based upon the commission structure (including when you add in base salary).  This company sucks big time and are probably defrauding others.  Work at your own risk!!!!

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