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Report: #171852

Complaint Review: Aegis Lending Corporation - Baton Rouge Louisiana

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  • Reported By: Avon Indiana
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  • Aegis Lending Corporation 10049 N. Reiger Rd. Baton Rouge, Louisiana U.S.A.

Aegis Lending Corporation ripoff Illegal actions towards ex-employee and have paperwork to prove it!! Baton Rouge Louisiana

*UPDATE EX-employee responds: From Past Employees, this is not a surprise

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I am the wife of an ex-Regional Vice President for Aegis Lending Corporation as of 12/07/05. My husand was hired by this company on 5/23/05. We were currently living in Wisconsin and the company relocated our family to Indiana. The company planned for my husband to run three offices in Ohio and develope the opening of offices in Indiana and Illinois.

Before our belongings were unloaded from the truck, my husband's boss, Nelson Daluz,National Sales Manger for Aegis, called and told him that he had resigned his position effective that day, wished my husband good luck his new position.

Things progressed well until 9/05 when five employees were not paid for overtime that was owed to them. One employee did not receive payroll for this month. My husband resolved five out of the six issues with Helene Jones-Wall,Regional HR Manager,via phone.

In 10/05 my husband learned Indiana and Illinois were never planned to be developed by Tim Caryl,National Sales Manager, who replaced Mr. Daluz. At the same time we encountered an issue with the guaranteed sign on bonus that was offered to him upon starting with this company. Basically they shorted us $5,000,00 of the four month sign on bonus of $10,000.00. There were also more employees that didn't receive payroll in his region. Their explanation for the error was Hurricane Katrina had effected HR in Baton Rouge, LA. Everyone sympothized with the situation and waited patiently for resolution. It was 11/05 when they split the $5,000.00 half in payroll check and half in a manual check overnighted to our residence.

We progressed thru 11/05 if no payroll issues. But my husband's intuition told him something was still not right with this company. He began to explore other employment opportunities.

On 12/7/05 my husband was enroute to Ohio when he was informed of a conference call which included five Regional Vice Presidents with Tim Caryl, National Sales Manager, and Mike Reddington,Executive Vice President. He was informed that due to buget costs the company was eliminating five regions effective immediately. And his offices were to be shut down by 12/31/05 and his position was no longer needed effective that day. He was told he would be paid thru 12/15/05 payroll and all corporate expenses would be paid up to 12/15/05.

We received a overnight letters on 12/08/05 from Helene Wall, Regional HR Manager, stating his employment was terminated for lack of production and he would be paid wages and vacation thru 12/07/05. The second letter stated that he was overpaid by $5,000.00 and they were witholding his paycheck and we owed them $2,216.14 to be paid to them in five days.

This of course was quite a surprise considering this issue dates back to 10/05 that I mentioned earlier. As for the reason of termination hard to believe because he has the numbers to prove he made Aegis 18 million dollars in five months time. No mention of paying his corporate expenses, which currently total $4,101.17. He was informed via letter to contact Zianna Rougeau at payroll if he had any questions, so he did.

Zianna Rougeau then refers him to talk to Helene Wall. He finally made contact with Mrs. Wall on 12/13/05, who stated she would investigate the overpayment. On 12/16/05 Mrs. Wall called my husband ans stated the error was found in compensation department and he did not owe $5,000.00 and final paycheck along with corporate expenses would be paid 12/30/05.

On 12/30/05 nothing was received from Aegis. My husband called Mrs. Wall on 1/02/06 and she refers him to call Katie Buchanan, Payroll Manager for Aegis. She was contacted immediately after speaking with Mrs. Wall. She informed him she had no prior knowledge of this issue and contact Mrs. Wall to gather the information, and would contact him.

On 1/02/06 we received a letter from Illinois Department of Family Services stating we owed $5,270.73 in back chid support and a lein was placed on our property for this amount. We then contacted the agency who imformed us that Aegis had only been paying half of the court ordered monthly child support since 7/05.

On 1/03/06 Katie Buchanan called my husband and stated that she was cutting a manual check and would overnight it for $3,061.49 which was payroll and another check corporate expenses would be included, but did not mention dollar amount. My husband informed her the amount of corporate expense and the problem that had developed with child support. She denied any knowledge of that problem.

On 1/03/06 we received legal advice that Aegis had denied the court order child support payment which is known as contempt of court and would be responsible for payment.

On 1/06/06 we received the overnight manual checks, one for the above amount and one for $98.94, the corporate expense they had found. Once again the amount of corporate expenses is $4,101.17.

Of course, we deposited these checks on 1/07/06 into checking account. On 1/12/06 these checks were returned to our back as Not Sufficient Funds, which inturn caused our account to overdraw. We will seek legal advice on this as well.

Welcome to my nightmare. Just wanted to know if anyone else has encountered such financial problems while being employed with Aegis Lending Corporation. I figure there has been and considering this company increased the unemployment rate in Ohio by 25. This number does not include the other 4 regions and 109 from Headquarters that were let go. My heart goes out to all the families.


Stressed Out Mom
Anytown, Ohio
U.S.A.

This report was posted on Ripoff Report on 01/15/2006 09:42 AM and is a permanent record located here: https://www.ripoffreport.com/reports/aegis-lending-corporation/baton-rouge-louisiana-70809/aegis-lending-corporation-ripoff-illegal-actions-towards-ex-employee-and-have-paperwork-to-171852. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 UPDATE EX-employee responds

From Past Employees, this is not a surprise

AUTHOR: What Ethics? - (U.S.A.)

POSTED: Friday, January 20, 2006

Ready your complaint brings back memories of when I worked with Aegis Lending in OKC. I would first like to say that I've ready most of the rebuttals from current employees defending Aegis, and I just have to say that the new employees are still green to what really happens (maybe they have a good branch, but doubtful). To those that have been with Aegis for any amount of time, of course you are going to defend all complaints to your fullest. After all, in training your taught to direct people to this website to check out Aegis Lending and compare Aegis to Ocwen and Ameriquest. Many consumers don't even know this website exists, I didn't prior to working for Aegis. So how are they supposed to log their complaints.

From my training at Aegis, I was taught (not initially) that to focus on finding consumers who where primarily low income and uneducated on mortgage lending. In Oklahoma, the normal origination points charged start at 4.25 if that varies, it affects the rate. Then Aegis rates where not even competitive. We where taught to sell the benefits as in saving $400 a month on bills (including the bills about to already be paid off). Our loan originators even where given praise for closing people with high credit scores. The only reason a person with a 640 FICO or up would close with Aegis is simply because they don't know any different. We where taught not to mention the rate, don't mention the points, etc.

Please don't think my branch was the branch of bad loan originators, this was company policy. When we where without a branch manager, another manager told us on a conference call to tell a customer whatever it took to get them to trust us. One of the LO's even said, do you mean to lie? The answer was yes.

Our branch was not receiving any leads to be a productive branch for about 4 months prior to closing. Yet we where closed for being nonproductive. Thats nice. They had just hired a new branch manager about 45 days before they closed us. And three new employees had just started that week. One person moved from Tulsa to accept the position. We had an employee 5 months pregnant. And what happened, we all lost our insurance and jobs without notice.

Consumers, I urge you if you are considering a loan with Aegis Lending, check out other lenders, Aegis is not the only one out there. If they do give you the best rate and lowest points, then great, but please be informed.

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