POINT DIGITAL FINANCE, INC. - Florida Company Profile

Company Details

Entity Name:	POINT DIGITAL FINANCE, INC.
Jurisdiction:	FLORIDA
Filing Type:	Foreign Profit
Status:	Active The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.
Date Filed:	06 Nov 2018 (6 years ago)
Document Number:	F18000005094
FEI/EIN Number	00-1231142 Federal Employer Identification (FEI) Number assigned by the IRS.
Address:	444 High Street, Floor 4, Palo Alto, CA, 94301, US
Mail Address:	PO Box 192, Palo Alto, CA, 94302, US
Place of Formation:	DELAWARE

Key Officers & Management

Name	Role	Address
Findley Keri	Director	444 High Street, Palo Alto, CA, 94301
Brady Matthew	Assi	444 High Street, Palo Alto, CA, 94301
Smith Michael	Assi	444 High Street, Palo Alto, CA, 94301
Lim Edward	Director	444 High Street, Palo Alto, CA, 94301
Dart Joshua	Director	444 High Street, Palo Alto, CA, 94301
Lim Edward	President	444 High Street, Palo Alto, CA, 94301
C T CORPORATION SYSTEM	Agent	-

Fictitious Names

Registration Number	Fictitious Name	Status	Filed Date	Expiration Date	Cancellation Date	Mailing Address
G24000027255	POINT	ACTIVE	2024-02-20	2029-12-31	-	PO BOX 192, PALO ALTO, CA, 94302
G18000127595	POINT	EXPIRED	2018-12-03	2023-12-31	-	PO BOX 192, PALO ALTO, CA, 94302

Events

Event Type	Filed Date	Value	Description
CHANGE OF PRINCIPAL ADDRESS	2024-04-15	444 High Street, Floor 4, Palo Alto, CA 94301	-
CHANGE OF MAILING ADDRESS	2024-04-15	444 High Street, Floor 4, Palo Alto, CA 94301	-

Documents

Name	Date
ANNUAL REPORT	2024-04-15
ANNUAL REPORT	2023-02-28
ANNUAL REPORT	2022-03-25
ANNUAL REPORT	2021-04-24
ANNUAL REPORT	2020-05-29
ANNUAL REPORT	2019-03-29
Foreign Profit	2018-11-06

CFPB Complaint

Complaint Id

Date Received

Issue

Product

5182053

2022-02-03

Applying for a mortgage or refinancing an existing mortgage

Mortgage

Issue	Applying for a mortgage or refinancing an existing mortgage
Timely	Yes
Company	Point Digital Finance, Inc.
Product	Mortgage
Sub Product	Other type of mortgage
Date Received	2022-02-03
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2022-02-03
Company Public Response	Company disputes the facts presented in the complaint
Complaint What Happened	In the third week of XX/XX/XXXX, I applied for an Equity Investment Agreement loan with Point Digital Finance Inc. I was provided an Option Agreement Estimate based on the company 's Original Agreed Value of my property at {$370000.00} with a equity pay out amount of {$88000.00} prior to closing costs pending an appraisal. Point 's automated valuation models ( AVM ) listed an Appraised Value of {$450000.00}. The property was appraised XX/XX/XXXX. After multiple attempts to inquire on the delay of the appraisal results, the appraisal was submitted to Point on XX/XX/XXXX. The appraisal came back considerably lower than the initial valuation at {$360000.00}. I was informed by Point representative, XXXX XXXX, via email that Point offered the appraiser ( 7 ) seven additional comparable properties in my area for inclusion to the appraisal report to increase my property valuation. The Point representative, XXXX XXXX, informed me the appraiser rejected Point 's request and therefore my application was declined. I acquired another third party appraisal because the initial one was so delayed. I inquired why they did not acquire a second appraisal? I was given no reply. I felt, based on comments by the Point appointed appraiser when on our property, that she may have a XXXX bias and submit a lowball appraisal of our property. I desired to have a comparison valuation to see if my suspicions were valid. A complete and comprehensive appraisal completed XX/XX/XXXX by XXXX XXXX XXXX showed our property value assessed via AVM at {$480000.00}. And that was based on the County Assessor 's square footage of 1215 and not the full 1882 square foot as specified in the Point appraiser 's calculations. A XXXX representative, XXXX XXXX, also performed a detailed onsite inspection and confirmed the property 's value was easily near XXXX XXXX in value. The appraisal completed by the Point contracted XXXX excluded 2 comparable home sales directly across the street from our property whose sales took place within the last 6-7 months. I informed XXXX XXXX of Point of this. I feel the appraiser concentrated her comparable properties to areas that reflect lower sales prices and a XXXX and XXXX demographic as opposed to including properties within a 1-3 mile radius of our property that reflect a higher XXXX demographic and much higher home values/sales. I also feel the Point 's appraiser 's use of the Cost Approach and the replacement value did not reflect the current market rates for construction materials, construction fees, etc. and was severely under valued and a poor reflection of our property and the improvements made therein. I also hold Point culpable, since they refused to perform a second appraisal and denied my application even though they obviously disagreed with the results of the appraisal report they originally contracted for.
Consumer Consent Provided	Consent provided

10988514

2024-12-01

Trouble during payment process

Mortgage

Issue	Trouble during payment process
Timely	Yes
Company	Point Digital Finance, Inc.
Product	Mortgage
Sub Issue	Lien release
Sub Product	Home equity loan or line of credit (HELOC)
Date Received	2024-12-01
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2024-12-01
Company Public Response	Company believes it acted appropriately as authorized by contract or law
Complaint What Happened	I have a HEI lien on my home that I am selling., with Point Home Equity Investment XXXX They sent me three totally different payoff amounts, I originally took out XXXX in XXXX. I just signed a contract to sell my home on XX/XX/XXXX, before foreclosure. First, they asked for the signed contract, and sent me an amount of XXXX due. This made sense, because the house sold for only XXXX, under the appraisal amount when I took out the loan. An email was sent with a payoff of XXXX also, several months ago. They originally sent me this before I signed the contract to sell. NOW- they are claiming the payoff is over XXXX. They are claiming, nthe home value of XXXX is the percentage they went by, when the Notice of Default was served, in XX/XX/XXXX. I am ready to close with the title company, but Point is kicking me while I'm down. I'm having to sell my house to avoid foreclosure I checked the Point contract and is states " in some cases of default '', the payoff goes by what the value was at the time of the Notice of Default. Apparently this is " some case '' because they chose to gouge me. There is something not right about this. Point low-balled my home appraisal, using their appraiser, ( bias ), when I was getting the loan. But now they go by market value, when it's time for them to be paid back. They reneged on the correct payoff, the one I sent to the buyer. They knew about the Default all along, they are involved in the foreclosure lawsuit. Why even request the signed contract to begin with? Very unprofessional. And they ripped me off. Sneaky, unethical and unscrupulous business practice. This isn't the last time you will be hearing from me.
Consumer Consent Provided	Consent provided

8414525

2024-02-24

Struggling to pay mortgage

Mortgage

Issue	Struggling to pay mortgage
Timely	Yes
Company	Point Digital Finance, Inc.
Product	Mortgage
Sub Issue	Trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure
Sub Product	Other type of mortgage
Date Received	2024-02-24
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2024-02-24
Company Public Response	Company believes the complaint is the result of a misunderstanding
Complaint What Happened	The situation with Point Equity, is they offer loans with the option to buy back your Equity with a cashout refinance or selling the home. Unfortunately they never explained that the only option I would only have is to sell. Reasons is base on my financial income my debt to loan ratio exceeds what I can get to pay them back. For the past year and 11 months I was unable to get this handled. Due to my income the company do verify, they added that its not there policy to look at the financials of the client. For that reason on the contract I feel it was predatory due the reason I expressed I will not be selling my home in any circumstances. The purpose of the loan was for a new roof and Windows due to high increases of home insurance policies. Point equity have been charging my equity monthly for about XXXX and I have no way on paying them back because I can not qualify for a refinance because I only make XXXX monthly. The amount in question is 19 % of homes equity on marker value after 3 years it goes up to 69 % the amount I have been trying to pay is XXXX but due not being eligible it has gone up to XXXX in less than 2 years.
Consumer Consent Provided	Consent provided

Date of last update: 02 Apr 2025

Sources: Florida Department of State

POINT DIGITAL FINANCE, INC. - Florida Company Profile

Company Details

Key Officers & Management

Fictitious Names

Events

Documents

CFPB Complaint

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