The World Leadership Group (WLG), a.k.a. Global Equity Lending (GEL), a.k.a. National Lending Corporation (NLC), is a mortgage broker company that works as a franchise. When a participant sells the loans to someone else he or she gets to a commission. Participants can also recruit people to work under them to sell loans, and they in turn will pay a small fee from their sales, whether the deal closes or not, to the person that recruited them. In essence, management gets a cut from all the profits of everyone.
The main complaint about this company and others like it is that it exploits employees by A) demanding fees for every sale whether it closes or not, and B) that management gets profit and credit for loans they did not work on. But the World Leadership Group’s business practices, while perhaps ethically suspect, are not illegal, just geared to benefit the top of the pyramid; no surprise there.
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