The company is AED = Accelerated Equity & Development but doing business as ACT = Accelerated Cashflow Technologies.
AED's business license https://secure.utah.gov/bes/action/details?entity=1429559-0142
No Utah business license exists for ACT.

The $149 refund-overcharges audit is just the come-on to up-sell you to the ACT Program which is nothing more but repackaged Money Merge Account software to shorten your mortgage loan and "save" you hundreds of $thousands in interest. The truth is you can do the same yourself for FREE by simply paying extra principal with every regular mortgage payment -- the more extra principal you pay, the earlier you pay it, the shorter your loan will be and the less interest you will pay. The MMA uses the same prepayment of principal to reduce interest charges and shorten the loan but the company claimed the MMA's proprietary algorithm was responsible (false!). The MMA has been thoroughly debunked here http://www.fatwallet.com/forums/finance/741118/  One of the posters there, mikef07, got a MMA agent to run his mortgage numbers, compared it to extra principal payments, and mikef07 says at the top of this page 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." Yes, buying and using the MMA will cause you to *LOSE* money on the deal. At $3,500, the MMA is a NET LOSS for your finances. Do It Yourself really works. I paid a 15-year mortgage off in 66 months without the MMA or a spreadsheet or a financial calculator. I paid about 1/3 of what the total interest charges would have been had I carried the loan to the full 15 years. And I also "saved" tens of $thousands of interest though that "saved" interest *NEVER* left my pocket and I never missed paying it. The concept of "saved" money that you haven't paid out is idiotic -- just think about a used car priced at $1,000,000 and sold at $10,000 thereby "saving" you $990,000. You should only consider whether the car is worth the $10,000 that will be leaving your pocket; the $990,000 "savings" is irrelevant. Don't fall for this "savings" nonsense.

The ACT Program falls in a category of scams where the product/service being sold actually works but is unnecessary or you can achieve the same result yourself at much lower $cost or for FREE. If you knew how to Do It Yourself, you would *NEVER* buy the ACTP because you'd be paying big $$$ for something easy that you could do for FREE. Beware you may not want to tie up your cash in an illiquid asset (your home) in this uncertain economy where there are millions of forclosed homes on the market with more on the way.

"SAVING" MONEY THAT YOU HAVE NOT YET PAID OUT IS A DUMB CONCEPT.

DO NOT BUY ANY PROGRAM TO RETIRE YOUR MORTGAGE EARLY OR TO "SAVE" MORTGAGE INTEREST OR GET A "REFUND" OF FUTURE MORTGAGE INTEREST --- YOU CAN DO THE SAME FOR FREE! FREE! FREE!

Got a letter today.

letter about a refund on mortgage and must call # within 10 days for further info.  No letterhead or explanation.  It does have "ACT" at the top of the letter.

Looks like spam to me.

I got the same letter today. I called the number on it and talked to a gentleman.  I haven't quite figured out if this is legit or not.  I'm leaning more towards no.  I need to dig a little deeper.

I called the company and for $149.00 they will audit our mortgage to see if the owe you any money back from mistakes and or recalculations. I set up an online appointment and they were a no show. I will call my creditcard company and reverce the charges

I recieved the same letter myself and this is what I found through some digging.  Hope it helps you.

http://www.bbb.org/utah/business-reviews/mort ... per-ut-10061629

Business Contact and Profile for Accelerated Equity & Development, Inc.
Name: Accelerated Equity & Development, Inc.
Phone: (877) 342-4307
Fax: (801) 892-5236
Address: 13065 S 120 E

Draper, UT 84020
Website: www.consumerservicing.org
www.acequity.com
Original Business Start Date: November 1998
Principal: Mr. Skyler Witman, President
Customer Contact: Mr. Skyler Witman, President - (801) 256-0044
Entity: Corporation
Incorporated: November 1998, UT
Type of Business: Mortgage And Escrow Companies, Financial Services
BBB Accreditation: Accelerated Equity & Development, Inc. is not a BBB Accredited business.
Additional DBA Names: ACT



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Business Management
Additional company management personnel include:
Mr. John Washenko - Vice President
Mr. Jim Bagley - General Manager

Skyler Witman and John Washeko are also owners of United First Financial. A separate report is available upon request for United First Financial.

Skyler Witman and John Washenko are also officers in National Loan Servicing Center. A separate report is available upon request.


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Additional Locations and Phone Numbers
Additional Addresses
PO Box 788
Sandy, UT  84091


Additional Phone Numbers
Tel: (801) 256-0044
Tel: (800) 530-3080
Tel: (866) 688-5904
Tel: (877) 670-5577


Additional Email Addresses
contact@acequitydirect.com