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Benchmark Mortgage Does Not Pay on Loans You Originate

This company is run by two people that have a total disregard for their borrowers, employees, and relationships: Stewart Hunter and Bryan Harlan. The company has branch accounting, in which they require you to keep a significant amount of reserves, so that they can nickel and dime you to death. Payroll never returns your calls. The manager of their National Licensing Center is a convicted Felon. You can pull up a public report on him, and yet Stewart Hunter uses him to close ALL termed branches loans. The owner of the company is only concerned about his own future, and wildly spending money to take care of a obnoxious lifestyle he has created for himself. You can never get the company attorney on the phone to resolve issues. Benchmark Mortgage has had some very key, high profile people resign. Their top producing branches are leaving the company. In the last year, they have been closing branches, with no warning, in order to take that branches pipeline, close the loans on it, to replace the losses they have been suffering from "buy backs". If your branch is closed by Stewart Hunter for whatever reason, and you have 15 Loan Officers working for you, he will shut down the branch, terminate ALL of that brances employess, yank the branches pipeline, and keep all of the loan officers loans, funded and closed. He will not pay any of the loan officers on their funded loans in their name, as he states that if the Branch Manager is terminated, that Branch Manager's pipeline is termed, and belong's to the company. This is illegal if the loans are closed in the Loan Officer's name. Loan Officers who have funded loans are not paid on them, per Bryan Harlan. He himself has personally told terminated loan officers with funded loans, that "We will not pay you on any loans, even if they are funded, and in your name. That is our policy." It's a recession, and many loan officers whom have not gotten paid on loans they closed with this company, are going through a state of depression. This company have ruined hundreds of Loan Officers and Branch Manager's lives. BEWARE!!!!
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1 comment
#1146826

Can you say disgruntled? Over the last 2 years I have dealt with Stewart and several of his employees on a personal and professional level.

The generosity and humble nature exuded is overwhelming. I would trust this man and his employees with my children mother and grandmother.

Their patriotic stance and sense of community is remarkable. Perhaps you should take note.

ID
#141284 Review #141284 is a subjective opinion of poster.
Location
Atlanta, Georgia

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Benchmark Mortgage FAQ
The Customer will find the answers to several frequently asked mortgage questions below. The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks The Client of Benchmark Mortgage a few questions and provides The User with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put The User in a better negotiating position, much like a cash buyer. A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points, and the length of the lock. When the file is complete, but sometimes sooner, the lender "underwrites" the loan, which means deciding whether or not The User of company services are an acceptable risk. In fact, if The User of Website are a reasonably astute shopper, The User of company services will probably do better dealing with a mortgage broker.
To read more: https://www.benchmarkmortgage.com/frequently-asked-mortgage-questions/
Summary

These days an issue of acquiring a house or a flat stays acute for many families. Being located in Richmond Benchmark Mortgage is a leading provider of house lending services. However this company is serving clients throughout Virginia and North Carolina. In 2011 it has merged with TowneBank Mortgage corpoartion, established by TowneBank. These days company employs more than 52 employees and have helped to solve housing problems to most of people. The president and the owner Chris Beale states that this affiliation will only allow to serve clients in the best way. All contact info and additional data are posted at their official web site.

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