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Report: #762196

Complaint Review: Gregg Marcus, NY, Mortgage - Melville New York

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  • Reported By: Gregg Marcus NY Mortgage Scam Artist — Mellville New York United States of America
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  • Gregg Marcus, NY, Mortgage Broad Hollow Road, Melville, NY, 11747 Melville, New York United States of America

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Gregg Marcus is a Mortgage SCAM ARTIST. For your own sake do NOT do Business with him or his Firm. His former Company Somerset Mortgage Lenders Co. is now out of Business. He is known in the Mortgage Industry as a "Bait and Switch" Broker. He will have his Loan Officers quote very low attractive Rates and Closing Costs and then will have it changed at Closing. Gregg Marcus has a History of Bad Business Practices. 

If you are a Loan Officer thinking about changing Firms DO NOT even think about working for Gregg Marcus. Marcus not only ripped off his Clients but he also cheated his Employees (Loan Officers). He would change pay scales and pay his workers less than expected. Because Gregg Marcus was so Greedy on his % of Pay Out it Forced his Loan Officers to raise the Closing Costs of the Borrowers (Clients). Marcus doesnt care if you had a Family at Home to Support and Bills to pay. He was happy to earn as much as possible and pay out his workers the very bare % possible. Gregg Marcus was also supposed to be paying a Base Salary which he didnt.

You can also do a Google Search and find Court Transcripts. The Court Case involved a Former Partner of Marcus. To make a Long story short - Gregg Marcus managed to Cut Out his Partner
(a Child Hood Friend) and let his Partner take the Fall for Illegal Lending Practices they were Both found guilty of at his old Firm. If he would treat his Best Friend and Co-Partner like this you could only imagine what he would do to Clients he doesnt know for the Almighty Dollar. Gregg Marcus has so many Internet Articles exposing his Bad Business Practices that as a counter measure he paid a Tech Support Team to create Web Sites to help counter this. He even put his Company under his Wife's name. But if you do a Google Search for Gregg Marcus he is still the Number One Google Search Hit for "Gregg Marcus NY Scam Artist Mortgage Broker and Bait and Switch".

Just a small piece of advice. Before you decide to do business with any Company find out who the Owner is and do a quick Google Search you might be surprised by what you find.

This report was posted on Ripoff Report on 08/07/2011 04:05 PM and is a permanent record located here: https://www.ripoffreport.com/reports/gregg-marcus-ny-mortgage/melville-new-york-11747/gregg-marcus-ny-mortgage-anthony-capone-ny-mortgage-financial-gregg-marcus-ny-mortg-762196. 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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REBUTTALS & REPLIES:
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#2 Author of original report

Gregg Marcus SCAM ARTIST, NY, Underwriter's Choice Financial Corp., The B&G Group, MSM Enterprise of New York

AUTHOR: Gregg Marcus is a Mortgage Scam Art - (United States of America)

POSTED: Thursday, August 11, 2011

Gregg Marcus is a SCAM ARTIST. For your own sake do NOT do Business with him or his Firm. Gregg Marcus is The Managing Director at Underwriter's Choice Financial Corp. and Gregg Marcus is The Marketing Director at The B&G Group and Gregg Marcus is The President at MSM Enterprise of New York. His former Company Somerset Mortgage Lenders Co. was shut down and is now out of Business. He is known in the Mortgage Industry as a "Bait and Switch" Broker. He will have his Loan Officers quote very low attractive Rates and Closing Costs and then will have it changed at Closing.

Gregg Marcus has a History of Bad Business Practices.  If you are a Loan Officer thinking about changing Firms DO NOT even think about working for Gregg Marcus. Marcus not only ripped off his Clients but he also cheated his Employees (Loan Officers). He would change pay scales and pay his workers less than expected. Because Gregg Marcus was so Greedy on his % of Pay Out it Forced his Loan Officers to raise the Closing Costs of the Borrowers (Clients). Marcus doesnt care if you had a Family at Home to Support and Bills to pay. He was happy to earn as much as possible and pay out his workers the very bare % possible. Gregg Marcus was also supposed to be paying a Base Salary which he didnt. This led to a Class Action Lawsuit which forced Gregg Marcus to settle and pay out the money that was owed to his former workers.

You can also do a Google Search and find Court Transcripts. The Court Case involved a Former Partner of Marcus. To make a Long story short - Gregg Marcus managed to Cut Out his Partner (a Child Hood Friend) and let his Partner take the full Fall for Illegal Lending Practices they were BOTH found guilty of at his old Firm. If he would treat his Best Friend and Co-Partner like this you could only imagine what he would do to Clients he doesnt know for the Almighty Dollar. Gregg Marcus has so many Internet Articles like this one exposing his Bad Business Practices that as a counter measure he paid a Tech Support Team to create Web Sites to help counter this. He even put his Company under his Wife's name. But if you do a Google Search for Gregg Marcus he is still the Number One Google Search Hit for "Gregg Marcus NY Scam Artist Mortgage Broker and Bait and Switch".

GREGG MARCUS is a Financial SCAM ARTIST
Gregg Marcus is currently Managing Director at Underwriter's Choice Financial Corp.
Marketing Director at The B&G Group
President at MSM Enterprise of New York

Just a small piece of advice. Before you decide to do business with or work for any Company take the time to find out who the Owner is and do a quick Google Search. You might be surprised by what you find.

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#1 Author of original report

GREGG MARCUS, SCAM ARTIST, NY, Mortgage, Financial

AUTHOR: Gregg Marcus is a Mortgage Scam Art - (United States of America)

POSTED: Thursday, August 11, 2011

Gregg Marcus is a Mortgage SCAM ARTIST. For your own sake do NOT do Business with him or anyone at his Firm. His former Company Somerset Mortgage Lenders Co. is now out of Business. He is known in the Mortgage Industry as a "Bait and Switch" Broker. He will have his Loan Officers quote very low attractive Rates and Closing Costs and then will have it changed at Closing.

Gregg Marcus has a History of Bad Business Practices.  You can do a Google Search and find Court Transcripts. The Court Case involved a Former Partner of Marcus. To make a Long story short - Gregg Marcus managed to Cut Out his Partner (a Child Hood Friend) and let his Partner take the Fall for Illegal Lending Practices they were Both found guilty of at his old Firm. If he would treat his Best Friend and Co-Partner like this you could only imagine what he would do to Clients he doesnt know for the Almighty Dollar.

If you are a Loan Officer thinking about changing Firms DO NOT even think about working for Gregg Marcus. Marcus not only ripped off his Clients but he also cheated his Employees (Loan Officers). He would change pay scales and pay his workers less than expected. Because Gregg Marcus was so Greedy on his % of Pay Out it Forced his Loan Officers to raise the Closing Costs of the Borrowers (Clients). Marcus doesnt care if you have a Family at Home to Support and Bills to pay. He was happy to make as much $$$ as possible and pay out his workers the very bare % possible. Gregg Marcus was also supposed to be paying a Base Salary which he didnt. This turned into a Class Action Lawsuit which forced Gregg Marcus to pay out the money he withheld. Gregg Marcus has so many Internet Articles exposing his Bad Business Practices that as a counter measure he paid a Tech Support Team to create Web Sites to help counter his Bad Reputation. He even put his Company under his Wife's name. But if you do a Google Search for Gregg Marcus he is still the Number One Google Search Hit for "Gregg Marcus NY Scam Artist Mortgage Broker and Bait and Switch".

Just a small piece of advice. Before you decide to do business with any Company find out who the Owner is and do a quick Google Search you might be surprised by what you find.

Respond to this report!
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