AEGIS Mortgage - AEGIS Lending RIPOFF, Bait and Switch Lending, Misplaced payments, Overall HELL!! Houston Texas

Hello, thank you for this opportunity,

Let me start by saying that i have just now after almost 6 years figured out that this false statment that included my name was being posted on line.



I have been in the mortgage business for over 11 years, and this by far is the most eronious piece of information that i have ever heard.  I have gone back to my records on this particular loan and it looks like the clients may have lost or changed jobs right before closing, if I remember correct this caused them not to be able to move forward on closing on there house.  I have tried several times to email to contact these clients but it seems as though they may have defaulted on there mortgage and left no forwarding phone numbers, they also will not email or write me back. 



I am currently the owner of a mid-size Mortgage company in Central Texas and would hope that an indivudual who has these type of ridiculios claims would show some proof or even go before a mediator to handle a problem like this.



I take my job very serious and helping folks purchase a home and do this in a professional manner is my main objective.



thank you for this opportunity,



Chris MInjarez

Hello, thank you for this opportunity,

Let me start by saying that i have just now after almost 6 years figured out that this false statment that included my name was being posted on line.



I have been in the mortgage business for over 11 years, and this by far is the most eronious piece of information that i have ever heard.  I have gone back to my records on this particular loan and it looks like the clients may have lost or changed jobs right before closing, if I remember correct this caused them not to be able to move forward on closing on there house.  I have tried several times to email to contact these clients but it seems as though they may have defaulted on there mortgage and left no forwarding phone numbers, they also will not email or write me back. 



I am currently the owner of a mid-size Mortgage company in Central Texas and would hope that an indivudual who has these type of ridiculios claims would show some proof or even go before a mediator to handle a problem like this.



I take my job very serious and helping folks purchase a home and do this in a professional manner is my main objective.



thank you for this opportunity,



Chris MInjarez

--how is it that months worth of payments can simply vanish? Like I said, had we not kept good records we would have taken their word and kept paying money that we did not owe!

I worked for Aegis and can tell you that they do everything possible to let the customer know about escrows. If you're working through a BROKER who is getting the loan done through Aegis, it's possible that your broker doesn't know his a*s from a hole in the ground.

Anyway, specifically Aegis does not set up escrow at the time of funding. 30 days out from closing (or thereabout) you will receive a package instructing you on how to set up an escrow if that's what you would like. There is a toll-free number you can call for the Houston office and they will need copies of recent tax and insurance bills or receipts to get you set up.

Quite frankly, you aren't getting "screwed" or ripped off if escrows aren't set up because you don't save any money wheter or not you set up an escrow account. Your taxes are the same either way...it's only who you pay them to. By not forcing escrow upon you at close or having you set it up then, you get the OPTION of who you want to pay your escrow to...wheter it be Aegis or American Escrow or putting it aside with an escrow account at your local bank like some people do.

You also don't get the hassle of having the county sit on your tax papers and not get them to the lender in time (you get the bill or a copy of it) so you know how much they are and won't have a surprise increase in your overall payment if it were tied in with a mortgage loan payment. You can always get an extention from the tax man, but not a mortgage company if you can't afford your taxes.

So call Aegis and get the toll-free number to set up escrow. You still can and it's not difficult. Or call American Escrow so you can pay it that way....and if you're short one month on the taxes, they don't care if you're late...an escrow with a lender will cause havoc if you pay it late or they misjudge how much to hold back (let's say if your taxes go up a bunch and that leaves you short)...and that's any lender.

You would also have seen this over and over again in the disclosure paperwork. Did you even bother to read it? It's there in plain English in more ways than one.

Either way...this is more of an inconvenience, not a ripoff since you aren't really out a damned dime whether or not you set up an escrow account...and if you cared to investigate you would have found you can set it up anyway even after you closed.

I don't work for them any longer as I moved out of the area and am no longer near a branch office, but I know that they do take great strides to be up front with people...and with my experience, I can say that no matter how many times I've told people exactly what I mention above, they are too busy with themselves and the process to actually hear it and half the time forget I said it too.

Go get refinanced with Ameriquest or someone like Countrywide and see what happens to you. Now those are scary places!