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Certified Financial Protection Group – Dead Pile

A tipseter sent me in a notice that Certified Financial Protection Group has closed up shop and left paying clients drifting. Certified Financial Protection Group was located in California and did forensic audits and loan modifications.

I have contacted CFPG and asked how they plan to handle refunds for consumers that paid for loan modification services but who will not receive those services because of the closing of the company. By the time this article was published they had not yet responded.

I called Certified Financial Protection Group and only got voicemail. I think you’ll enjoy the irony of the last bit of the recording. “An error has occurred.” I’ll say it has.

What is interesting is that U.S. Financial Advantage, a new company that is related to this one, (see this story) claims to offer consumer debt relief services including one service called Principal Reduction. They describe the program as “the majority of our clients come to us because they want to reduce their principal balance without going through a loan modification process. As such, many of these clients are behind in payments.” – Source

So why would Certified Financial Protection Group ditch and apparently abandon all their clients and open up a new site/company offering similar mortgage services?

Now, for another interesting fact. I found the Certified Financial Protection Group employee directory online, see below.

Certified Financial Protection Group   Dead Pile

And the guy Jonathan Howard who is listed as the Business Development guy is also the guy listed as the contact on the U.S. Financial Advantage site.

Certified Financial Protection Group   Dead Pile

Here is the email that was sent to me and allegedly sent to Certified Financial Protection Group clients on July 12, 2010.

The Email

Dear Homeowner,

We would like to thank you for allowing Certified Financial Protection Group to assist with your forensic audit and subsequent loan modification. This industry has undergone many changes over the past year, and the company has made concerted efforts to continue to progress with your lender to achieve as successful an outcome as possible.

I am sorry to have to announce that CFPG will cease operations.

Far too many lenders are unfairly making all attempts to extend the process of a modification request by using numerous stall tactics. Some of these include: requesting updated information every 30 days, extending hold times, “losing” documents, denying requests, and avoiding resolutions of a borrower’s severe problems. Essentially, they want you to give up.

It is now and has always been our intent to provide you with a service to reach the optimal of benefits. Since Certified Financial Protection Group will no longer be servicing your file, we wish to provide you with some suggested resources available to assist you with the continuation of the recovery work to have your lender provide you with an acceptable result.

CFPG has examined the results and progress of an organization that is directly contracted with your lender. That organization is known as the National Association of Consumer Advocates (NACA). It is a nonprofit advocacy group who is certified by the governments Department of Housing and Urban Development. CPPG will refer our clients to NACA in an effort to provide the resolution of your modification process. NACA’s service is at no additional charge to you.

What is very odd here is that they say they are sending consumers to National Association of Consumer Advocates (NACA) but then give consumers the wrong contact information. The National Association of Consumer Advocates (NACA) is at naca.net and is a site where consumers might actually find a consumer attorney that would go after CFPG for abandoning the client. I think what they meant to say was Neighborhood Assistance Corporation of America.

It has been our goal to assist all of our clients in reaching the result which will resolve in each keeping their home. Though we have been very unfairly vilified by a number of people and organizations, we are proud of the fact that CFPG has assisted thousands of clients to be successful and to remain in their homes.

We anticipate that many may have questions as to how this situation may affect you. We have prepared a short outline of anticipated matters to assist in answering your concerns:

(1) CFPG will no longer be managing, maintaining, or communicating with your lender for your modification purposes, and it is strongly suggested that you contact NACA directly for assistance in moving forward. Their address, contact number, and email address is:

NACA Home Save
3607 Washington Street
Jamaica Plain, MA 02130
(888) 302-NACA
Email: [email protected]

(2) If you choose not to utilize the service of NACA, YOU will then be responsible for contacting your lender and maintaining the status of your file with them.

(3) Many are currently in a trial modification plan. If this is the case, continue making your payments on time. Many trial modifications are designed as a three month plan. Due to lenders being backlogged, you may be required to make additional trial plan payments and provide additional requested information. It is in your best interest to continue this obligation until your lender offers you a permanent modification. It is suggested that you do not take “No” for an answer.

If you find that after contacting NACA that they cannot properly provide the assistance that you are looking for, please contact us by email at [email protected] for additional options.

Again, we are sorry about our situation, it could not be averted, and we thank you for your patronage. It is our hope that you will see a quick resolution which will resolve your situation.

Sincerely,

Certified Financial Protection Group, LLC

by ______________________________________
M.B Wayman, President

Certified Financial Protection Group   Dead Pile
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Update January 29, 2013

A tipster (send in your tips here) sent in the following document regarding Certified Financial Protection Group by the Lawyers’ Committee for Civil Rights Under Law.

Certified Financial Protection Group - Dead Pile by

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • got scamed
  • Youandme

    I think this sounds like a great program and company

  • Creditdefenseleague

    THESE SCAMMERS ARE STILL LOOKING TO REDEFINE THEMSELVES:
    COME JOIN US !!!
    SEE THIS EMAIL THEY ARE SENDING OUT TO PAST AFFILIATES???
    THESE BUMS NEVER PAID THE COMMISSION AND EXPECT PEOPLE TO BRING THEM NEW CLIENTS?

    WE ARE LAUNCHING OUR REFERRAL PROGRAM

    SPECIAL WEBINAR

    Tue, Sep 28, 2010 11:30 AM – 12:15 PM PDT

    https://www2.gotomeeting.com/r

    REGISTER NOW!!!

    ___________________________________________________________________________________________

    US Treasury Prepares Principal Reduction

    H.A.M.P. program

    Dear Professional

    You were hand selected to receive this email due to your knowledge and insight into our Nation’s Foreclosure Crisis. You are one of a handful of individuals that have recently sought out solutions that will help struggling families and homeowners by making their homes more affordable. Based on this common goal, we would like to take a minute to introduce a groundbreaking new program to be released by the Government’s Treasury Department. The Treasury Departments Principal Reduction Alternative program is designed to provide addition financial relief to eligible clients through the modification process. Our processing center is looking for individuals and companies who assist with these homeowners. We are a resource and solution center, we provide the problem solving, underwriting and negotiations necessary to successfully achieve beneficial outcome for these programs. The best benefit of all is that we are able to reach out to so many homeowners through people just like you who work diligently to provide a solution to families facing hardships. Like you we are fueled by helping our neighbors’ and the help they are all looking for is finally here.

    If you are interested in submitting clients and learning more about how you can help your clients, please let us know by responding to this email.

    Tue, Sep 28, 2010 11:30 AM – 12:15 PM PDT

    https://www2.gotomeeting.com/r

    REGISTER NOW!!!

  • Creditdefenseleague

    THESE SCAMMERS ARE STILL LOOKING TO REDEFINE THEMSELVES:
    COME JOIN US !!!
    SEE THIS EMAIL THEY ARE SENDING OUT TO PAST AFFILIATES???
    THESE BUMS NEVER PAID THE COMMISSION AND EXPECT PEOPLE TO BRING THEM NEW CLIENTS?

    WE ARE LAUNCHING OUR REFERRAL PROGRAM

    SPECIAL WEBINAR

    Tue, Sep 28, 2010 11:30 AM – 12:15 PM PDT

    https://www2.gotomeeting.com/register/402133826

    REGISTER NOW!!!

    ___________________________________________________________________________________________

    US Treasury Prepares Principal Reduction

    H.A.M.P. program

    Dear Professional

    You were hand selected to receive this email due to your knowledge and insight into our Nation’s Foreclosure Crisis. You are one of a handful of individuals that have recently sought out solutions that will help struggling families and homeowners by making their homes more affordable. Based on this common goal, we would like to take a minute to introduce a groundbreaking new program to be released by the Government’s Treasury Department. The Treasury Departments Principal Reduction Alternative program is designed to provide addition financial relief to eligible clients through the modification process. Our processing center is looking for individuals and companies who assist with these homeowners. We are a resource and solution center, we provide the problem solving, underwriting and negotiations necessary to successfully achieve beneficial outcome for these programs. The best benefit of all is that we are able to reach out to so many homeowners through people just like you who work diligently to provide a solution to families facing hardships. Like you we are fueled by helping our neighbors’ and the help they are all looking for is finally here.

    If you are interested in submitting clients and learning more about how you can help your clients, please let us know by responding to this email.

    Tue, Sep 28, 2010 11:30 AM – 12:15 PM PDT

    https://www2.gotomeeting.com/register/402133826

    REGISTER NOW!!!

    • Youandme

      I think this sounds like a great program and company

  • Just Trying to Help

    Sharon, while CFPG is defunct, Mike Wayman’s office is still located at 40810 County Center Dr, Temecula, CA 92591. Enter at the main door on the west side of the building, first door on the right. His car is a black BMW 740, lic # “MNY PRO” or “MONYPRO” and is usually parked right in front of the building.

  • Steve Rhode

    Sharon,

    Here is where they moved to, read this story for details.

    Steve

  • Sharon

    We too were scammed by CFPG. Unfortunately, we had three loans that we were trying to get loan modifications on, so we lost $9,000 to this firm. I filed a Small Claims case against them, but have been unable to serve the necessary paperwork. Apparently their offices are now closed. If anyone has a current physical address for these scam artists, specifically Mike Wayman, please share. We will be filing formal complaints with all applicable agencies and will continue to pursue legal action against them.

  • Sharon

    We too were scammed by CFPG. Unfortunately, we had three loans that we were trying to get loan modifications on, so we lost $9,000 to this firm. I filed a Small Claims case against them, but have been unable to serve the necessary paperwork. Apparently their offices are now closed. If anyone has a current physical address for these scam artists, specifically Mike Wayman, please share. We will be filing formal complaints with all applicable agencies and will continue to pursue legal action against them.

    • http://GetOutOfDebt.org Steve Rhode

      Sharon,

      Here is where they moved to, read this story for details.

      Steve

    • Just Trying to Help

      Sharon, while CFPG is defunct, Mike Wayman’s office is still located at 40810 County Center Dr, Temecula, CA 92591. Enter at the main door on the west side of the building, first door on the right. His car is a black BMW 740, lic # “MNY PRO” or “MONYPRO” and is usually parked right in front of the building.

  • Got Scammed

    I spoke to the Riverside County DA’s office. Their very interested in hearing for us about Wayman, Brokaw & CFPG or whatever their calling themselves now. Down load this for and MAIL it to the DA’s office. The more they get the better the case against them.

    http://www.rivcoda.org/pdf/SPS_ComplaintForm.pdf

    • http://GetOutOfDebt.org Steve Rhode

      If there is one investigator assigned to this case, please let me know.

      Steve

  • Michael Castaneda

    We definitely have fallen victim to fraud. We paid $3,000.00 to them in Nov, 2008, and have been bumped around, blown off and ignored. They refuse to honor our original contract give us a refund. I am thinking LAW SUIT, perhaps class action, they have an F rating with the BBB. I am not sure what to do to get something like that going, but would be more than willing to participate to get a refund and them put out of business.

    Michael Castaneda

  • Another Victim

    All the stories I’ve been reading about CFPG echo my own almost exactly – except the one and only one that had limited success. I’ve been working with them for about a year and it’s been a frustrating ride. I would gladly join in some action against them if somone knows how to get he ball rolling.

  • Got Scammed

    Got scammed here too…..Can anything be done to stop these guys? Wayman and Brokaw are taking money and moving on to the next business then doing it again!

  • Lisa

    Dear Steve,

    I was a client of CFPG and they did help me with my loan modification, but I did have to go through several employees until I came across Jennifer Davis. She was very helpful & very persistent with our lender, Indymac. When she finally got sick of the runaround from them she then filed formal complaints with the FDIC & two other government organizations (which I have the letters she wrote & the correspondences). Because of these complaints Indymac responded and I have now been offered a permanent modification (after completing the 3 month trail). Unfortunately, my husband and I have decided that because there was no principle reduction in the modification, we can’t see staying in a house that won’t rebound for at least 10yrs.

    I just thought that you should know that what CFPG stated in their letter to their clients not only happened when I tried dealing with Indymac personally, but also when CFPG were working on my behalf. Please let it be known, I did have my issues with them, but the bottom line is they did help us. It’s a shame that there are so many people in this world willing and ready to rip others off, people desperatly trying to stay in their homes., simply because they thought they could trust the banking industry…shameful!!!!

    Lastly, my husband & I were referred to CFPG from Eric Seigler (Attorney & former owner of Safe Legal Network) They too went out of business.

  • Brad

    I was scammed by CFPG and just saw all of the articles on your website. Do you know of any way to go about getting my money back from these people? It seems like their CEO keeps wanting to steal more money from people…

    • http://GetOutOfDebt.org Steve Rhode

      Brad,

      I suspect from your email address you may have access to legal advice supplied by your employer. Talk to a lawyer about helping you with this. As I said in the article, they don’t appear to have gone out of business, just changed their name.

      Steve

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