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World Leadership Group (WLG) is a marketing company created by Hubert Humphrey. Beneath the WLG umbrella are Global Equity Lending, Global Realty Marketing and Financial Leadership Advisors. Hubert Humphrey is the founder of several multi-level marketing financial services corporations in the United States. ... Global Equity Lending (formerly World Lending Group) (GEL) is a residential mortgage broker. ... Global Equity Lending (formerly World Lending Group) (GEL) is a residential mortgage broker. ...
WLG is not associated with World Financial Group, Aegon, or National Lending Corporation. World Financial Group logo World Financial Group (WFG), is a financial services distribution and marketing organization in North America. ... AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the world’s leading insurance companies ranked by market capitalization and assets. ...
WLG is structured similar to a pyramid scheme. It works on the basis of selling loans and recruiting people to sell loans, all the while paying fees to your recruiter. The unsustainable geometric progression of a classic pyramid scheme A pyramid scheme (or pyramid scam[1]) is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered, and is highly illegal. ...
There are many fees (each equal to or greater than $100) that you must pay to join the program.
World Lending Group is unique among mortgage brokers in that it employs a type of multi-level marketing structure, often perceived as a type of fraud.
A new associate will generally be at a commission rate of 30-40%, that is, he or she will receive 30-40% of the gross profits the broker will generate from successfully closing a loan.
WLG also attracts criticism for its unusual policy of charging a non-refundable administration fee of $12.50–$75.00 for all loan applications irrespective of outcome.
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