888-681-9902

This is what I found online. It's a form that a grade school student could make. Not professional quality...  http://www.amtdivision.org/pdf/MORTGAGE%20AUDIT%20REBATE%20FORM.pdf  
Beware...I wouldn't trust them as far as I could throw the state of Utah. I could be wrong but........

They didnt call me but I got some sort of letter that said "Mortgage Audit" Notification or Notice or something. Seemed like a very generic weird letter but I called the number, this was about 2 weeks ago. Spoke with a rep who sounded like he was a college student. Apparently their company looks at adjustable mortgages to see if you are due money back and SUPPOSEDLY if they dont find a mistake you get your money back. I looked them up online for a couple of days and then went ahead and signed up. It was $150. We'll see what happens, its only been a week and they said it takes about 3 weeks. They havent charged me more than $150 and I have gotten several emails from them so I can at least say their customer service seems decent.

Anybody else sign up and get a result one way or the other?>

Just got the same letter and spoke to "Connell" at the number.  He gave me his extension and the web address but my "red flag" says it's not legit.  I can't really find anything bad but I can't find good things either.  Curious to see if you get a response Jeremiah.  Let us know what happens!

I got a letter, too.  But I haven't called.  What is their website and how do we find out if they're legit?  Please post if you get any more information Jeremiah.  I sure could use some money and I'm sure these lenders have made mistakes in their calculations.  But there must be a way that this can be found out on your own.

OK, so I got a call from one of their mortgage auditors, I believe his name was Lee. He told me that they went through the mortgage and he emailed me a report of what they found. It was actually pretty nice to see where all my payments went, my bank has been ripping me off with interest payments (over $10k a year in interest alone!) BUT I guess according to my loan docs that is what I signed up for.

So, long story short, they DIDNT find a refund for me. I did like getting the report on my mortgage. Filled out my rebate form and after about 3 business days it was credited back to my mastercard i paid with. Paid $149 got $149 back.

I wish i would have gotten a refund from Chase Homeloans but i had a good experience with the process. I told Lee I thought i was going to get a refund but he said that they never guaranteed me that I was due a refund, just that my loan was red flagged. I think he was telling the truth cause my bank has done some weird stuff and they have been horrible trying to get a modification from.

I would say that if your loan has an ADJUSTABLE rate it is worth working with this company, but if its a fixed rate i dont think they would find anything.

Here is their website adress:
http://deadpanham.com/audit.aspx

Found this on the Better Business Bureau :
http://www.bbb.org/us/Find-Business-Reviews/phone/8886819902/

Neither company associated with the # is a credit member but one is a debit -Consolidation Company and one is the Mortgage audit company. Doesn’t sound legit why can’t they take the fee out of the refund and if there isn’t one then no fee?

Because why would they do the work if they are not being paid for it??  I have worked for a collections company and if they did that, then they would have to turn into a collections company from all the people that got refunds.  Do you go get a sandwich at Subway and pay for it after you eat it?  Come on!

The BBB is just a company themselves that charge a ridiculous amount to become accredited on their stupid site.  So just because a company is not accredited with the BBB means nothing!

No, you are not wrong. amtdivision.org was registered 03/07/2011 (less than 4 months ago) to Oneandone Private Registration, 1and1.com, a domain proxy which means the real owner of amtdivision does not want to be found. Their login page goes to 30to8.com which is registered to DomainsByProxy, another domain proxy, to hide an owner who don't want to be found either (possibly the same owner) and whose login is on an INSECURE http page (instead of https). Both websites are hosted on the same servers. Looks like amtdivision (division? a division of WHAT company?) is nothing but a feeder website, perhaps one of several, designed to send login traffic to 30to8. I would *NEVER* do a money transaction with any website registered to a domain proxy and sure as hell never log in on an insecure web page.

I came to this thread from https://whocallsme.com/Phone-Number.aspx/8662590031 where poster Marie said on Jun 28 2011 the number on her letter was 888-681-9902. That page describes letters offering $149 mortgage audits and the $49.95/month ACT Program from AED=Acceleration Equity & Development doing business as ACT=Accelerated Cashflow Technologies, website consumerservicing.org, with BBB report http://www.bbb.org/utah/business-reviews/fore ... per-ut-10061629 that states "Beginning in 2010, the BBB began receiving numerous inquiries from the public regarding a mass mail campaign conducted by Accelerated Equity & Development, Inc, also known as ACT. The BBB has contacted the company and requested information and possible modifications based on the BBB's Code of Advertising Guidelines. The company has been asked to address concerns about the solicitations' ambiguity, layout and results expected from service advertised. The company is currently working with the BBB to address these concerns." It sounds like the same letter you folks have gotten.

As far as I can tell, the $49.95 30to8 Debt Software is the same software as the $3,500 Money Merge Account and the $49.95/month ACT Program, the MMA being the forerunner of the ACT Program. It is used to retire your mortgage (plus other loans) early and either "save" you hundreds of $thousands of mortgage interest or "refund" you hundreds of $thousands of interest "overcharges." Don't buy it, you are throwing your money away. The cheapest way to do it is to do it yourself by paying extra principal every time you make a regular mortgage (or any loan) payment. There is no hard rule how much extra to pay -- the more you pay, the earlier you pay it, the shorter your loan and the fewer interest dollars you will pay, true for any loan. For example, for a 30-year, $200,000 loan at 6% APR compounded monthly with monthly payment $1199.10 :
If you pay $1,199.10/month, loan is paid off in 30 years, interest cost is $231,677, interest "refund" is $         0.
If you pay $1,288.60/month, loan is paid off in 25 years, interest cost is $186,582, interest "refund" is $ 49,095.
If you pay $1,432.86/month, loan is paid off in 20 years, interest cost is $143,887, interest "refund" is $ 87,790.
If you pay $1,687.71/month, loan is paid off in 15 years, interest cost is $103,789, interest "refund" is $127,888.
If you pay $2,220.41/month, loan is paid off in 10 years, interest cost is $  66,449, interest "refund" is $165,228.
If you pay $3,866.56/month, loan is paid off in   5 years, interest cost is $  31,994, interest "refund" is $199,683.

The $149 mortgage audit is just to lure potential victims (that's you!) to call up and give amtdivision salesmen a chance to sell you the 30to8 Debt Software. The $49.95 30to8 Debt Software is just a new name for the old $3,500 Money Merge Account that's been thoroughly debunked here http://www.fatwallet.com/forums/finance/741118/ with a Quick Summary on page 1. Even though the price has dropped from $3,500 to ~$50, you will still *LOSE* $thousands if you buy the 30to8 Debt Software. mikef07 states at the top of http://www.fatwallet.com/forums/finance/741118/?start=914 that "The results do show that by using the MMA software it would cost me $5070.29 extra" than doing it on his own and that was when the MMA was $3,500. The ~$50 MMA-repackaged-as-30to8-Debt-Software means mikef07 will still lose 5070.29-3500+50=$1,620.29 today.

amtdivision.org shows the 30to8 Debt Software costs $49.95 but is the cost really a one-time payment of $49.95 or is it really $49.95/month for the duration that it takes to pay off your mortgage? AED and ACT both charge $49.95/month, *NOT* a one-time $49.95, and AED is the originator of the MMA software. Do you think AED and ACT will allow a competitor or "franchisee" to undercut their price? I don't think so! Assuming you do pay a 30-year mortgage in 8 years, the present value of 49.95/month for ~8 years at 1% APR compounded monthly (what savings accounts are giving) is ~$4,600 so the $3,500 price for the MMA has been sneakily increased to $4,600 today for the 30to8 Debt Software. The $4,600 MMA-repackaged-as-30to8-Debt-Software means mikef07 will lose 5070.29-3500+4600=$6,170.29 today. The $149 audit is petty cash for amtdivision; the gold is in the $49.95/month 30to8 Debt Software and why they will do whatever they can to get you to buy it.

To retire the example mortgage above in 8 years, you'll have to pay $2,628.29/month or more than *TWICE* the normal monthly payment for the whole 8 years -- think you can do it? Beware if it turns out you haven't 8 years down the road (while you presently think you can), the 30to8 Debt Software will continue to cost you $49.95/month; the longer it takes you, the $more you will pay for the software. If it takes you 10 years, it'll cost you $5,700 (the present value of 49.95/month for 10 years at 1% APR compounded monthly). And why even pay $49.95/month to amtdivision in the first place when that money could go towards your mortgage if you simply do it yourself (set up an autopay with your bank)?

FOLKS, STAY FAR, FAR AWAY FROM AMTDIVISION, 30to8, AND THE 30to8 DEBT SOFTWARE. I paid off a 15-year mortgage in 66 months and was "refunded" tens of $thousands of interest "overcharges" (ahhh, the language of scammers!), all by myself and without the $4,600 30to8 Debt Software, a spreadsheet or a financial calculator. If I can, you can too, though it may not be wise to lock up your cash in an illiquid asset (your home) in this housing crisis with ~1 million foreclosed homes on the market and more on the way. Whatever you do -- *DON'T* buy the 30to8 Debt Software!

Re. "my bank has been ripping me off with interest payments (over $10k a year in interest alone!)," interest calculations are well-defined, easy to check and strongly regulated by law. No respectable bank will be so stupid as to fiddle with interest calculations. Let's look at an example loan. For a 30-year, $200,000 loan at 6% APR compounded monthly, the correct interest for the first year is $11,933.19 assuming the homeowner made no extra principal payments during the year. You can minimize total interest costs by paying extra principal every time you make your regular mortgage payment. I paid off a 15-year mortgage in 66 months and reduced interest costs by some tens of $thousands.

Re. "why would they do the work if they are not being paid for it?? " my plumber did not present me with a bill for his parts and labor costs until *AFTER* the job was finished and he showed me what he had done; then I paid him. Your sandwich example says the same thing -- you paid for your sandwich *AFTER* it was built and handed to you. Why doesn't amtdivision charge *AFTER* the audit is done? Scammers always want to confuse consumers with false examples.
If amtdivision has a refund-if-we-find-nothing guarantee, it would be much simpler and cheaper to *NOT* charge everyone $149 up front but only charge the $149 on those particular loans where "overcharges" were found. Suppose amtdivision has 1 million customers this year and no "overcharges" were found. This means amtdivision would have to charge and refund $149 a million times -- that's 2 million card transactions -- without earning a single $dollar of income. At perhaps ~10 cents/transaction cost to amtdivision, that's $200,000 in card-transaction expenses without a single $dollar of income. However, transaction cost is easily covered by the $149 charge if amtdivision will only charge on the back end *AFTER* overcharges are found. Customers can verify "overcharges" with their lenders and will *GLADLY* pay AED the $149 on the back end if amtdivision got money refunded for them.
But the *REAL* reason why amtdivision wants money up front and cannot take it out of the refund is because the refund is only what amtdivision *SAYS* is a refund. It's only a refund *STATEMENT* on a piece of paper, *NOT* cash in hand. To get *CASH* in hand from your lender, you'll have to hire an attorney at $hundreds/hour to sue your lender for months? years? with uncertain outcome. Your lender has a legal, signed note in hand and will fight you tooth and claw. That's why amtdivision wants $149 up front.

BTW, I looked for their Utah state business license here https://secure.utah.gov/bes/action and I found nothing. I tried "amt," "amtdivision," "amt division," and "30to8" and found nothing. I would *NOT* do money transactions with any company that is not registered in their state to do business. Hell, the state of Utah may not even *know* who or what amtdivision is! Does anyone know the real name of the company?

Bob and Charles, you are both missing the point.  Why are there two different companies running from the same suite?  Red flag #1.  Red flag #2, debt consolidation and mortgage audit companies are well known Advanced Fee Frauds.  And what do you know, we have both listed at the same address.  

As with most advanced fee frauds, they change names, addresses, and phone #s frequently.  Google ACT mortgage audit and you will get the same story.  A letter is sent telling you that you qualify for an audit.  Call this number and give this reference "case" #.  You call and find out it's $149 to do the audit.  If there is no adjustment, you get a "refund".  All of the letters have the same language.  

The letter I have is from Mortgage Auditing Program Division of A.M.T.  The letter was received today, 6/30/11.  It has an expiration date date of 7/20/11.  Why do they have an expiration date in 3 weeks?  Bob? Charles? Care to reply?  Why can't I request the audit in 4 weeks?  Bob?  Charles? anyone.. Bueller..anyone...

I got the same letter. Looks fishy. Got the pitch that i MAY have been overcharged. Still looking into it but I found the business is registered under CRM Ventures LP and they were started back in 2005 or something. Dont know if thats good or bad but I talked to a David at their office and he said they had been in business since 2005. Said they were the "auditing" division of CRm.

Havent made up my mind. But I hate Bank of America and im sure they have screwed me someway when we were late on our mortgage so I would love to get something back from them!

Just because you have had a bad experience with big time corporate crooks like BofA, you think that you'll do better with 2-bit crooks like this? Brilliant logic there.

If so, mighty as well let themn steal your money, otherwise somebody else will!

Thanks for the tip. The BBB shows CRM Ventures LP, 772 E Utah Valley Dr Ste 100, American Fork, UT 84003-5626 as having the same phone number 888-681-9902 as amtdivision http://www.bbb.org/utah/business-reviews/cred ... ork-ut-22301453  However, CRM Ventures LP is currently *NOT* licensed to do business in Utah. Searching "crm ventures" on https://secure.utah.gov/bes/action brought up an expired license for CRM Ventures LLC https://secure.utah.gov/bes/action/details?entity=7325828-0160 so the state of Utah has no idea CRM Ventures LP and amtdivision are operating as businesses in Utah. I advise you to stay far, far away from these fictitious companies (they ain't legal until the state of Utah says they're legal). Beware you are guaranteed to *LOSE* a few $thousands on the deal if you buy the 30to8 Debt Software instead of making principal prepayments yourself. *GUARANTEED*.

Hi, I work at 1-888-681-9902. I am one of the people that takes the orders from those who call 1-888-681-9902, which is the phone number on the marketing letter you receive from us.

I am very proud to be working here because we provide an awesome service of NO RISK mortgage audits.

We get information on loans and lenders from the COUNTY REGISTER and then send letters out to those who have a loan or lender that has been red-flagged as being higher risk.

So, the fact you received a letter from us means there is a high probability you are being overcharged on your mortgage but it doesn't guarantee you are being overcharged. We don't know 100% for sure that you are being overcharged until you have a mortgage audit conducted.

The NO RISK audit is a money-back guarantee. You pay $149 for our auditing team to do the audit on your loan. If we don't find any overcharges from your lender you immediately get your $149 back. But if we do find overcharges from your lender, you get the refund from your lender of the overcharged amounts they owe you and we keep the $149 as our fee for the service we provided you.

The $149 is paid up front because we cannot take the $149 out of the refund from your lender and because we cannot trust all customers to pay us $149 after we complete the audit.

It's a WIN / WIN situation. Either you get a refund from your lender or you get your $149 back from us immediately upon the completion of the audit. Plain and simple.

We are listed on the BBB with 0 complaints and we have a perfect A rating. So if we weren't honoring our NO RISK audit (money-back guarantee) don't you think we would have a lot more than 0 complaints?

Also remember that you are also always protected from fraud when you use a credit or debit card to make purchases. If a company doesn't do what they say they are going to do, (ie: if we didn't honor our money-back guarantee or if we didn't perform the audit that you paid for) you would simply call your credit card company and they would do a chargeback and you get the amount charged on your card right back.

I bring this point up about protection from fraud when using your credit card for 2 reasons.

Reason # 1:
Sometimes when I speak to people they want to pay the $149 with a check instead of a credit card but this doesn't make any sense because you are NOT protected from fraudulent purchases when you pay with a check. You are always protected from fraudulent purchases when you pay with a credit card.

Reason # 2:
Even though we have 0 complaints with the BBB, even though we have 100% customer satisfaction, even though we always honor our NO RISK audit, even though we always find any mistakes and overcharges from your lender in our audits, even though we find out exactly how much of a refund your lender owes you, even after all of that, some people are never convinced and are still willing to let their lender get away with not being audited and held accountable. So instead of trying to convince someone day and night about how we always do what we say we are going to do, I remind them that if everything I've said is a lie and if the BBB is lying and if all of our previous customers are lying and if everything is a lie and this is some elaborate scam to rob you of $149, just remember that you are ALWAYS protected from fraud when you make purchases on your credit or debit card. So if we didn't honor our NO RISK audit or didn't perform the audit, then you would simply call your credit card company and do a chargeback. It's as simple as that.

But of course, if you try and commit fraud against a company when they did do everything they said they were going to do, then the chargeback will not work because no fraud was committed.

We look forward to performing your NO RISK audit for you for $149 and see how much your lender has been overcharging you and get that refund from your lender for you!

Thank you,

Tim

Hear that people?? Tim's proud to work for a company that is NOT licensed to do business in Utah!
*eye roll*

The $149 audit is just a come-on to give amtdivision (again, a division of what???) salesmen a crack at up-selling victims the $49.95/month 30to8 Debt Software. The $149 audit will keep the lights and heat on but the *real* money for amtdivision lies in the $49.95/month 30to8 Debt Software whose present value is estimated at $4,600 (present value of $49.95/month for 8 years at 1% APR compounded monthly). Furthermore, you are *GUARANTEED* to lose money on the deal if you buy and use the 30to8 Debt Software as mikef07's comparison at the top of http://www.fatwallet.com/forums/finance/741118/?start=914 showed (the 30to8 software is similar if not identical to the $49.95/month ACT Program which is the latest derivative of the old $3,500 Money Merge Account then sold by Accelerated Equity & Development and United First Financial).

As for credit card versus check: Victims' checks have to enter the scammer's checking account which means the scammers can be easily tracked down. Also, the banking system is more tightly regulated by Fed or state agencies where consumers generally have better protection against fraud. Not so for credit cards. In this case where the scam is in the marketing and not the product/service, victims will have a *VERY* difficult time convincing their card issuer to claw back money because card payment was given voluntarily to buy a product/service that works and isn't defective, and amtdivision will say you are only trying to get your money back because you have buyer's remorse, i.e., amtdivision did not commit fraud because you received a product/service for your money, it works and is not defective. Worst still, amtdivision may claim that *YOU* are committing fraud as in "But of course, if you try and commit fraud against a company when they did do everything they said they were going to do, then the chargeback will not work because no fraud was committed." --- and this from a fake company without a Utah business license! Hahahahahahaha!

I would *NEVER* deal with companies who hide behind domain proxies or who aren't properly licensed in their state to do business.
1. amtdivision.org and 30to8.com are registered to domain proxies -- a tactic commonly used by scammers who don't want to be found.
2. The BBB listing for CRM Ventures LP 888-681-9902 shows an American Fork, UT address but I can find no Utah business license for CRM Ventures or amtdivision on the state of Utah's licensing website -- you can search for yourself here https://secure.utah.gov/bes/action and Utah requires all businesses including DBAs to be registered http://corporations.utah.gov/pdf/buslicguide.pdf 
"Who Must Register Their Business?  
All businesses in Utah are required by law to register with the Utah Department of Commerce either as a "DBA" (Doing Business As), corporation, limited liability company or limited partnership. Businesses are also required to obtain a business license from the city or county in which they are located."

DO *NOT* DEAL WITH ANY FAKE COMPANY THAT IS NOT REGISTERED IN THEIR STATE TO DO BUSINESS. IF THINGS GO WRONG, HOW DO YOU BEGIN TO FIND OR SUE THEM WHEN THEY DON'T EVEN EXIST? STAY AWAY FROM CRM VENTURES LP AND AMTDIVISION!