Ameriquest Employees Confess: Lying To Customers, Forging Papers
Yesterday’s Morning Edition featured confessions from former
Ameriquest mortgage employees. The confessions included
startling revelations, such as:  • Amerquest showed the film
Boiler Room as a training film to new hires. The film is about
crooked stock brokers who sell bogus stocks to unsuspecting
investors.  •Customers were told that their mortgages were fixed
for “as long as they wanted” when in reality, they were only
fixed for 2 years.  • Fixed rate mortgage papers were stacked on
top of variable rate ones. After tricking the customer into
signing all of them, the fixed rate papers were discarded.
•”Sending papers to the Art Department” was slang for covering
the income numbers on w2s and writing in bigger ones, so as to
qualify customers for mortgages they could not afford.  It’s a
great piece, everyone should head over to NPR and have a listen.
—MEGHANN MARCO  Former Ameriquest Workers Tell of Deception
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