Posted by Becca_FL on 11/9/07 9:34am
Msg #220392

IMortgage - what a joke.

I accepted an assignment from IMortgage for a closing on August 31. Per company policy I was to be paid on the 15th of the following month. When I contacted IMortgage towards the end of September I was told that because the file did not fund until September my check would be cut on October 15th. I called IMortgage last week to inquire about my payment and was told "oh, we cut the checks on the 15th of every month but they don't get sent out on the 15th. After your check is cut, it could be another 30-45 days before it is mailed." WHAT?

So hear I am still waiting for a payment from a title company I did a closing for 70 days ago. It must be nice to use other peoples money to fund your business. I've just about had it with slimy Pittsburgh, PA title companies. Did EFS start a new trend up there?

Reply by Loretta Reed on 11/9/07 9:46am
Msg #220396

I totally agree. I'm sure not all companies are "slimy" but majority is gonna rule on this comment

Reply by CopperheadVA on 11/9/07 9:46am
Msg #220398

Oh, I hate when they use that double speak! "Your check will be cut XX date" but they conveniently forget to tell you that they don't mail until much later. Bad news. I'm surprised they even admitted that they don't mail them until later.

Reply by NCLisa on 11/9/07 10:12am
Msg #220405

I did 6 closings for them 2 years ago. Each closing paid $250 to $400 as they had me driving huge distances. I told them after 6 closings, that until I got paid I would not be doing more for them. It took about 120 days to get paid, and I finally had to threaten to contact the BBB and state attorney general.

Reply by sue_pa on 11/9/07 11:21am
Msg #220425

I've worked for them for years. they have always been one of the slowest paying title companies around. Unfortunately, that now makes everyone nervous when 3 or 4 years ago it wouldn't have phased me.

Reply by LJ on 11/9/07 12:07pm
Msg #220437

SE Equity Title in OH is just as slow. No thanks. n/m

Reply by MistarellaFL on 11/9/07 4:34pm
Msg #220504

SE Equity Title in OH is just as slow? Wait a minute....

I finally was paid in late Oct. for work done in July/August.
Recently I heard they are paying notaries at funding....can anyone vouch for that, or was someone blowing smoke up my skirt?

Reply by LJ on 11/9/07 5:39pm
Msg #220518

Took that long for me also. July closing Oct pmt too long n/m

Reply by CopperheadVA on 11/9/07 12:16pm
Msg #220439

Any company that cuts checks and then waits to mail is

sending up a red flag. There's only one reason I can think of why any company would have to do this. IMortgage is now on my no-no list.

<< After your check is cut, it could be another 30-45 days before it is mailed. >>