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Milwaukee Neighborhood News Service

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You are here: Home / Home / Carousel / Most operations at Select Milwaukee suspended as officials examine financial situation

Most operations at Select Milwaukee suspended as officials examine financial situation

December 4, 2015 by Brendan O’Brien 11 Comments

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Raymond Schmidt, executive director of Select Milwaukee (File photo by Heather Ronaldson)

Raymond Schmidt, executive director of Select Milwaukee (File photo by Heather Ronaldson)

Officials at Select Milwaukee, a 24-year-old counseling and service agency for new and existing homeowners, suspended most of its operations after the board of directors learned of an unexpected financial situation in late November, the organization’s board chairman said on Friday.

The board of Select Milwaukee also hired an outside certified public accountant to examine the financial records of the organization, which has an annual operating budget of roughly $1 million, Board Chairman Ian Bautista said.

“An unexpected financial position was brought to our attention,” on Nov. 20, Bautista said. “We are concerned with the financial position of the organization and are trying to act in the most responsible way we can.”

Bautista could not elaborate on the organization’s financial condition. He also could not give a timeline as to when more information would be made available or when the certified public accountant will give the board a picture of the Select Milwaukee’s financial situation.

“At this point, I don’t have clear answer,” he added.

Select Milwaukee has served Milwaukee homeowners and first-time home buyers since 1991 with financial counseling, foreclosure prevention strategies and energy efficient initiatives. The organization’s mission is to help Milwaukee residents achieve and maintain homeownership.

Bautista said the organization has suspended most operations except for helping close about a dozen mortgages for current clients. New clients are being referred to other homeowner organizations in Milwaukee.

“A handful of customers, who were suppose to close in November, successfully got across the goal line,” he said.

One staff member is currently working at Select Milwaukee and seven others have been furloughed, Bautista said.

Messages left for staff at the organization including Raymond Schmidt, the executive director, were not returned. Another board member reached on the phone said he was not at liberty to discuss the situation and referred the Milwaukee Neighborhood News Service to Bautista, who also serves as executive director of the Clarke Square Neighborhood Initiative.

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Filed Under: Carousel, Home, Housing, Neighborhoods, News

About Brendan O’Brien

Comments

  1. Donteila perry says

    June 1, 2016 at 4:22 pm

    Hey is there anyway to contact select Milwaukee I took first home buyer classes with them

    Reply
  2. Sandra says

    June 14, 2016 at 1:52 pm

    Yes I have been trying to contact them .

    Reply
  3. Marvin says

    July 14, 2016 at 4:39 pm

    So am I

    Reply
  4. Lucy and nick noegel says

    November 10, 2016 at 9:33 am

    My son also took classes and would like to talk with someone.

    Reply
  5. Ana says

    January 12, 2017 at 4:07 pm

    Do anyone has Select Milwaukee’s number? I’ve been calling them for months because I need to pay back the grant and their phone number is busy all the time. If I don’t pay them, I will not be able to sell my house. Any help is greatly appreciated as I am out of the state. Thank you

    Reply
    • J says

      March 22, 2022 at 11:21 am

      They no longer exist.

      Reply
  6. Tim says

    March 14, 2017 at 3:07 pm

    Anyone gotten thru? I too have been calling with nothing but a busy signal. I have tried all my emails to them and have not been getting returns on those either

    Reply
  7. Sonya says

    March 29, 2017 at 5:59 pm

    I was sent a letter a while back mentioning a group that would take over my loan for Select Milwaukee in Green Bay, I will have to find the letter and can post an update.

    Reply
  8. Scott says

    March 30, 2017 at 10:30 am

    NeighborWorks Green Bay has taken on the servicing of some, but not all, of Select Milwaukee’s loan and grant customers. They can be reached at info@nwgreenbay.org

    Reply
    • Michelle says

      May 11, 2017 at 3:52 pm

      Thank you! I also found a phone number – 920 448 3075… Scott is the contact.

      Reply
  9. John in PA Formerly in DC says

    May 22, 2017 at 8:01 pm

    Hello, I’m a former employee at a national non-profit called NeighborWorks America, headquartered in Washington, DC. I departed before Select Milwaukee dissolved as a result of financial mismanagement. I worked directly with Raymond Schmidt, then CEO, and his staff on the Wells Fargo funded LIFT program for down-payment assistance.

    If Scott, above, is certain that NeighborWorks Green Bay is assuming the servicing for the loans, I know that organization to be reliable and a great organization to manage your finances better than Select Milwaukee has done.

    If all else fails, contact NeighborWorks America itself, and request to speak with someone who works on the LIFT program at 202-760-4000. Someone there will be able to provide another resource for insight, as they administer the funding on behalf of Wells Fargo.

    Reply

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