Report: #1278973
Complaint Review: Supreme Lending - Maple Grove Minnesota
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- Supreme Lending Maple Grove , Minnesota USA
- Phone:
- Web: supremelending.com
- Category: Mortgage Companies
Supreme Lending Everette Financial CompainT against Supreme Lending//KIM LARSON//SCOTT RUUD Maple Grove Minnesota
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, 2015 11:51 am
7/14/15
7/13/15
BRANCH MANAGER KIM LARSON LIED TO ME ABOUT THE COMPANY TO GET ME TO WORK FOR HER AND DID NOT DELIVER WHAT SHE PROMISED!!
1.) Supreme Lending promised me during the interview process that Supreme Lending offers "Single-Close Construction Loans" to consumers.
2.) Supreme Lending does not offer this product.
3.) Supreme Lending Promised at interview that they offer "Development loans" to builders for roads, water and sewers.
4.) Supreme Lending does not offer this product.
5.) Supreme Lending promised to pay me 1.25% commission on $870,00.00 loan closed in the State of Arizona.
6.) After this loan closed, Supreme Lending said they WOULD NOT pay me 1.25% of the loan amount because my commission was "Capped" at $6,000.00
7.) Kim Larson, Scott Ruud & Supreme Lending promised me a $20,000.00 "Signing Bonus" if I came to work for them.
8.) Kim Larson, Scott Ruud & Supreme Lending stated the HR Dept. declined the signing bonus request. I have not received any signing bonus.
9.) Kim Larson & Supreme Lending gave me a signed and dated letter, on company letterhead stating my verified income would be $6,666.00 every 2 weeks.
10.) My start date with Supreme Lending was 12/29/14 and I have not been receiving these monies as promised in the employment verification letter signed and dated by my Branch Manager, Kim Larson on 12/11/14.
11.) Supreme Lending promised to pay for my licensure in any state I wished to become licensed.
12.) Supreme Lending revealed to me only when I submitted a list of states I wished to become Licensed in that it was allowed for me to do so as long as I paid for the education and testing and license fee's out of my own pocket.
13.) Supreme Lending told me I could receive commissions through their network of lenders and make Commercial Construction and Commercial refinance loans at my normal commission percentage of 1.25%.
14.) Upon being notified of this, I contacted 5 different Commercial developers who wanted to build the following properties and wanted me to arrange financing through Supreme Lending.
A. 75-100 unit apartment building,4-5 stories tall with retail space for lease on the ground (1st) level. Approximate loan amount $45 ,000,000.00
B. Construction 6 Story office building in North Dakota. Loan amount of $4,500,000.00
C. Construction of 6 Truck stops in North Dakota near the oil fracking wells. Commercial construction loans amounts of $8,000,000.00 each. Totaling $48,000.000.00
15.) Supreme Lending has no such Commercial network as mentioned in complaint 13.
16.) My Professional reputation has been severely damaged due to misrepresentation by Supreme Lending.
17.) My personal financial reputation has been severely damaged due to misrepresentation by Supreme Lending.
18) My personal life and personal relationship with former Fiancé has been severely damaged due to misrepresentation by Supreme Lending.
19.) Supreme Lending said they would pay me a Salary while residential and commercial loans would be under construction.
20.) The promise of a Salary of any kind was a fictitious statement by Supreme Lending.
21.) Supreme Lending has been paying me minimum wage of $8.00 per hour instead of my promised salary of $6,666.00 every Two weeks as stated in my letter of employment verification from Supreme Lending.
22.) Supreme Lending has stated the $8.00 per hour I have been receiving since Monday 1/19/15, (I have not been paid from my employment start date, Monday 12/29/14 - Friday 1/16/15) is considered a Draw against earned commission and NOT to be forgiven as Salary or Guarantee or Signing bonus as previously promised.
23.) As result of the misrepresentation of income due me by Supreme Lending, I have personally suffered Eviction my Apartment and embarrassment in my Community, friendship and neighbor relationships as this act was published in community and local newspapers as well as word of mouth.
7/14/15
To whom it may concern:
BRANCH MANAGER KIM LARSON AND SCOTT RUUD ARE LIARS, CHEATS AND THIEVES!!!!
I closed and funded a loan in AZ on 12/31/14. I am a full time and fully licensed employee with Supreme Lending in Minnesota and Wisconsin. Kim Larson told me Supreme Lending is licensed in all 48 contiguous United States and was told I could make loans in AZ and receive my full regular commission as it states in my employee agreement.
My commission was to be paid on this loan 1/31/15.
This loan amount was approximately $870,000.00. My commission due is 1.25% of that amount as stated in my interview process by my 2 Branch Managers, Kim Larson and Scott Ruud. After the loan was sent to underwriting and approved, I was issued my employment contract. It stated my commission would be capped at $6,000.00 on loans over $417,000.00 which came as great surprise as the industry standard is a $17,000.00 cap.
As you can see, I was alerted to this after I left my employment to go to work for Supreme Lending and after I brought this new business to the company with expectations of a commission of $10,875.00 only to learn after my employment had begun that my commission structure would not be the industry standard of $17,000.00 or the 1.25% that was what was quoted in the interview process. Either way, I was promised to be paid on or before 1/31/15.
I have not been paid as yet.
After many e-mail, phone calls, and text messages and face to face meetings that were replied to as, "I'm working on it" or "I'm in a meeting", my employer told me today that they would transfer other loans from "House accounts" to me and should close in the month of April thus paying me on May 31, 2015. I do not believe this will happen.
Please review the attached Employment verification and the list of my complaint. I
I look forward to speaking to you regarding the details of my situation and how I have been treated as a person and employee.
My personal life, professional reputation and financial situation has been harmed due to the company not performing on the promises made to me and the policies within my employment contract.
This report was posted on Ripoff Report on 01/08/2016 04:46 PM and is a permanent record located here: https://www.ripoffreport.com/reports/supreme-lending/maple-grove-minnesota/supreme-lending-everette-financial-compaint-against-supreme-lendingkim-larsonscott-ru-1278973. 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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