Bay to Bay Lending of Tampa, Fl, hired me as a mortgage broker, I asked for and received at a 40%/60% commission split. I bought my own leads for $10.00 through them, regardless of what they cost the company, I did get hundreds of more old leads to work.

My 'deal', was to include much training, especially helping close my first loans.

However when this began to occur, I was forced to sign 'Full Turnovers' to a senior broker. I did not like this, but I was about broke and needed money badly. I turned them over, for a reduced commission, and started looking for more loans desperately. I was running out of gas money, my phone was near shut off, and my home in foreclosure.

They agreed I could start working from my home nearly two hours away, and start buying my own better leads.

Now they turn this on me to steal the two loans that I got fully submitted with all financial documents. After that I worked with my 'forced upon' Sr. Broker, Bob Pittman, while he clicked and flicked rapidly through the online submitting process with the lenders. Taught me nothing.

The loans were fully approved when Bob started to shut me out of the loop to steal the whole commission from me somehow. We had to wait for a short sale to go through on one of the loans. I was hugely instrumental and bringing that buyer to one of our agents with our partnered company McBride Kelly and assoc, Realty.

Below is a few emails back and forth, the first one I wrote after being ignored all year, and then repeatedly ignored for maybe the last month.

There are many fine people at Bay to Bay, ask me, and I will suggest the best ones to call for home buying and lending.

Rick and all,

I would like to resign after getting paid for those two turnovers from last December and maybe January. I worked hard and invested much driving, (3.4 hours daily), phone time, plus purchased the leads for them, not realizing that I was filtered down to the crap, paying $10.00 for very non juicy upsidedown 100k refi. But about that I do not complain much. Buyer beware I guess.

I deserve my 40/60 split that is written in my contract. Minus of course the small % due Bob Pittman. I have been writing and calling about this for weeks now, besides inquiring about them during and shortly after they closed, mum was the word always? I know that Bob Pfieffer was pleased with my referral and approval letters I wrote for buyer. Both Bob's seemed perplexed that I never got paid?

I have learned from you, Rick, that both loans closed, I am sick of the run around, I should never have had to tolerate such treatment. I may have stayed working there as a valuable MB one day, if you had paid me when they closed.

Why would a new mortgage broker be treated like this, it seems reprehensible and further evidence of greed and putridness within the industry?

I am prepared to bring this before the Florida Office of Financial Regulation, and I want to seek damages if possible. I won't do that until reconsulting my attorney, he seems to want to have a go first

No word today on resolving this issue, and I finish hiring an expert attorney in this field. He awaits my word to go to work. He sees some rewards possible. Couple extra grand maybe, not counting if there are issues with the State, I did not ask. Let's keep it cheap instead if you like.

Don't ask me, I am not a lawyer, just pay me please. Because I will use the full extent of the law to get my money and damages, including attorney fees. Those are high(to me anyway), I believe.

I can't believe I was offering you signage space on my new I-75 store a couple weeks ago, am I insane? An incredible patsy?

Please let me know if Bay to Bay is having a cash flow problem, I can accept payments also. And would apologize for demanding payment immediately. I would be happy to allow you to offer me a fair rate on the financing for the last 9 or 12 months, whichever may apply.

Sincerely,

Ken Edwards

?Tired of bending over and.............................ah..picking up pencils, I guess.

Hi Ken,

I have researched this with Ken and Rick. These people were originally
contacted in early December. A turnover requires that the Jr. Broker
maintains administrative responsibilities on the file i.e collecting conditions
and assisting the Sr. Broker in closing the file. It was intended as a
training aid and not a referral program. As of the beginning of
January you stopped coming into the office. Both Ken Harrelson and myself
had attempted to contact you several times to no avail, due to your phone being
shut off. We had a meeting in late January, at which time, I went over
the deals with you to get you to help with the conditions, I went downstairs
for a minute and upon returning to the office I found that you had already
left. Ken Harrelson and I discussed the situation and he attempted to
contact you on it, but did not get a response. The files did not close
for another month and a half after that during which you made attempts to assist.
Due to the lack of participation in the loans, the decision was made by
management that you did not qualify for the turnover, because you did not
maintain participation as outlined. I personally hate to be the one to
address this with you, but was asked to due to management being busy at the
time. Please let me know if you have any questions as Rick is asking that
I communicate directly with you on this.Thank
You,

Bob Pittman

Senior
Mortgage Consultant

Cell: 813-714-9024

Fax:813-436-8475

Quick
note for the reader:

Some
portions of this are provable lies, through correspondence. I reserve these for later use.

Bob,

Truly, I did expect such a response from you Bob. What is a full ?turnover' supposed to mean? I had many hours in both loans.

There was no provision in our contract for this slimy effort on your part. You asked me to let you finish from then on and not call the people or discuss loan and payment amounts with them. You would finish them. You were the one that put me out of the loop.

I was distressed with that as I felt that you were asking me to be deceptive, ?DON'T DISCUSS THEIR PAYMENTS with them! "DON'T discuss CLOSING COSTS, WAIT Till you are at CLOSING, they WANT the MONEY REGARDLESS then!" you were clear on this.

So, you told me you were finishing them. Is that how you try to screw me out of my deserved income?

My complaint is moving forward if this is how you intend to handle this.

Sincerely,

Ken