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ClearwaterFN
76 Posts |
 Posted - 06/03/2008 : 2:11:24 PM
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Hello All,
This is my first post on Broker Outpost and I'd like to discuss Pacdex, Pacific Bancorp and Better Branch Business and all of the companies they do business under. I've read the post on this site as well as all of the other mortgage websites and web references. I have made a comprehensive list of every single bit of info I have on them from the web. I also have a collection of emails that I will post to demonstrate the type of personalities you will deal with should you choose to do business with these people. Please take a moment to review the information below if you have done business or are considering doing business with this company. This is all public information available on the internet, but I've taken the time to put it all in one place to make sure no one ever gets ripped off by these people ever again. I also have a full spreadsheet of all of their licensing info for each state along with contact info for complaints. If any of you would like this spreadsheet please email me and I'll be glad to send it to you asap. I will also email you all of the corporate information I have for each of the companies they do business under as well.
Known Company Aliases:
Home Sure Mortgage Inc (Arizona)
North American Home Funding Inc (HUD Company) (Florida)
North American Real Estate Services Inc (VA Company) (Nevada)
North American Home Loans Inc (Delaware)
Americawide Inc (Florida)
Pacdex Inc. (Florida)
Better Branch Business Inc. (Florida)
North American Mortgage Services Incorporated (Florida)
Better Branch Business DBA Coral Ridge Funding Inc. (Florida)
Coral Ridge Funding Inc. (Florida)
Americawide of Nevada Inc. (Nevada)
Known DBA's:
Pacific Bancorp
Pacdex
Better Branch Business
NAHF
Coral Ridge Funding
Known Company Associates:
Andrew Santoli
Denis Santoli
Michael Santoli
Matthew Santoli
Daniel Santoli
David A. Santoli
Violet Santoli
Jacob Beechler
James Verity
Fariba Azari
Ali Ray Vakili
Pamela Ryan
Susan Simon
Thomas Mitchell
Dave Sato
Faye Azari
Jose Alfaro
Roger Tiisk
Jon Stutz
Sophy Chan
Andrew David
VladimirCorp Luchkin
Vikki Burnam
Jason Reynolds
Robert Stevenson
James King
Pat Simon
Sara Waraham
David Fischer
Todd J McMillan
George Brennan
David Simon
Christopher Babel
Website:
http://www.homesuremortgage.com/
http://northamericanloans.net/oba/
www.pacdex.net
http://www.betterbranchbusiness.net/
Email Addresses:
asantoli@pacdex.net
denis@pacbanc.com
homesuremortgage@yahoo.com
jbeechler@pacdex.net
JVERITY@PACIFICBANCORP.COM
northamericanhomefunding@yahoo.com
branchinfo@pacdex.net
branchinfo@pacificbancorp.com
qc@pacdex.net
rtiisk71@yahoo.com
jon_stutz@pacbanc.com
sophy_chan@pacbanc.com
State Enforcement Actions
http://www.nccob.org/mlenforcements/08_055.pdf
North Carolina Enforcement Action
http://www.dfi.wa.gov/CS%20Orders/C-04-061-04-SC01.pdf
Washington Enforcement Action
http://www.dfi.wa.gov/CS%20Orders/C-04-061-04-FO01.pdf
Washington Default
http://dbf.georgia.gov/vgn/images/portal/cit_1210/6/25/78108400PR_NorthAmericanRealEstateServicesConsentOrder.pdf
Georgiahttp://www.zoominfo.com/people/Verity_James_809023248.aspx Nevada 199K Fine
Interenet References
http://www.santabarbara.bbb.org/BBBWEB/Forms/Business/CompanyReportExtensionPage.aspx?CompanyID=4001236&sm= Better Business Bureau
http://www.mortgagefraudblog.com/index.php/weblog/permalink/north_american_real_estate_services_agrees_to_georgia_consent_order/ Georgia Consent Order
Broker Outpost
http://forum.brokeroutpost.com/loans/forum/2/160505.htm
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=218996
http://forum.brokeroutpost.com/loans/forum/2/223636.htm
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=219154
http://forum.brokeroutpost.com/loans/forum/2/211285.htm
http://forum.brokeroutpost.com/loans/forum/2/220071.htm
http://forum.brokeroutpost.com/loans/forum/2/196003.htm
http://forum.brokeroutpost.com/loans/forum/2/166668.htm
http://forum.brokeroutpost.com/loans/forum/2/194912.htm#788171
http://forum.brokeroutpost.com/loans/forum/2/57958.htm
http://forum.brokeroutpost.com/loans/forum/2/209196.htm
Broker Universe
http://www.brokeruniverse.com/grapevine/thread/?thread=520763
http://www.brokeruniverse.com/grapevine/thread/?thread=501693
http://www.brokeruniverse.com/grapevine/thread/?thread=482656
http://www.brokeruniverse.com/grapevine/thread/?thread=472125
http://www.brokeruniverse.com/grapevine/thread/?thread=453450
http://www.brokeruniverse.com/grapevine/thread/?thread=445692
http://www.brokeruniverse.com/grapevine/thread/?thread=444870
http://www.brokeruniverse.com/grapevine/thread/?thread=371816
http://www.brokeruniverse.com/grapevine/thread/?thread=349543
http://www.brokeruniverse.com/grapevine/thread/?thread=514508&stardate=1212184806#7Inappropriate%20ioctl%20for%20device
Mortgage Mag
http://www.mortgagemag.com/cgi-bin/ubb/ultimatebb.cgi?ubb=get_topic;f=7;t=001605;p=1#000001
Rip Off Report
http://ripoffreport.com/reports/0/329/RipOff0329900.htm
http://ripoffreport.com/reports/0/310/RipOff0310218.htm
http://ripoffreport.com/reports/0/273/RipOff0273124.htm
http://ripoffreport.com/reports/0/298/RipOff0298753.htm
http://ripoffreport.com/reports/0/299/RipOff0299183.htm
http://ripoffreport.com/reports/0/333/RipOff0333511.htm
Myspace
http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendID=353371670
Linked In
http://www.linkedin.com/pub/3/B40/B23
I will post the emails between them and I in another post right now.
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1003s.com
3020 Posts |
Posted - 06/03/2008 : 2:23:30 PM
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Daniel,
Great first post, welcome to the Outpost. |
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ClearwaterFN
76 Posts |
Posted - 06/03/2008 : 2:30:43 PM
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Please read from bottom to top
From: DENIS SANTOLI [mailto:denis@pacbanc.com]
Sent: Tuesday, June 03, 2008 12:33 PM
To: 'Daniel Samoohi'
Subject: RE: Final Notice
Stop emailing me. You are harassing me!!!
-----Original Message-----
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Tuesday, June 03, 2008 5:05 AM
To: 'DENIS SANTOLI'; asantoli@BetterBranchBusiness.net; asantoli@pacdex.net; branchinfo@BetterBranchBusiness.net; dansantoil1@pacbanc.com; homesuremortgage@yahoo.com; northamericanhomefunding@yahoo.com; jbeechler@pacdex.net; jon_stutz@pacbanc.com; JVERITY@PACIFICBANCORP.COM; sophy_chan@pacbanc.com; Subject: RE: Final Notice
It’s 9am, I am going to begin the process immediately...thank you Denis for making my job a whole lot easier….I’m sure $8495 was well worth it.
________________________________________
From: DENIS SANTOLI [mailto:denis@pacbanc.com]
Sent: Monday, June 02, 2008 7:25 PM
To: 'Daniel Samoohi'
Subject: RE: Final Notice
STOP EMAILING ME. **** OFF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
-----Original Message-----
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Monday, June 02, 2008 2:08 PM
To: asantoli@pacdex.net; denis@pacbanc.com; homesuremortgage@yahoo.com; dansantoil1@pacbanc.com; jbeechler@pacdex.net; JVERITY@pacificbancorp.com; northamericanhomefunding@yahoo.com; branchinfo@pacificbancorp.com; qc@pacdex.net; jon_stutz@pacbanc.com; sophy_chan@pacbanc.com
Subject: Final Notice
In any event, I will continue as stated in my previous email to make absolutely sure everyone can easily view the public information available about your previous companies as well as your new company Better Branch Business Inc. DBA Coral Ridge Funding...Don't think that by closing Pacdex and Pacific Bancorp that the owners and principals are exempt from their responsibilities. The state authorities will make sure to rectify all of the outstanding issues involving your network of companies personally with all the principals, just like NC is doing with Andrew Santoli, Ali Vakili and Matthew Santoli. Do not attempt to hide behind the closing of your front companies, I certainly have not done all this research to stop now. I will makes sure this public information reaches everyone and continue to monitor the internet and every state licensing website to make sure you don't pop up with more front companies. You have until 9am tomorrow to respond to my concerns and until Wednesday morning to send my refund check.
-----Original Message-----
From: PacDex.OS [mailto:branchinfo@pacdex.net]
Sent: Monday, June 02, 2008 5:09 PM
To: dan@clearwaterfn.com
Subject: RE: Final Notice
We regret to inform you that PacDex has closed operations. All affiliated companies have taken steps to close down business effective immediately. It is unfortunate that this step comes so suddenly but as anybody in the mortgage business today knows, the rigors of attempting to keep the doors open in such a tough environment is an almost impossible task. To our affiliates and vendors: we appreciate the business that we have done over the years and wish you the best of luck in the future.
Affiliate Operations
PacDex,
________________________________________
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Monday, June 02, 2008 4:24 PM
To: asantoli@pacdex.net; PacDex.OS@pacdex.net; denis@pacbanc.com; homesuremortgage@yahoo.com; dansantoil1@pacbanc.com; jbeechler@pacdex.net; JVERITY@PACIFICBANCORP.COM; northamericanhomefunding@yahoo.com; branchinfo@pacdex.net; branchinfo@PACIFICBANCORP.COM; qc@pacdex.net; jon_stutz@pacbanc.com; sophy_chan@pacbanc.com
Subject: Final Notice
To all officers, directors, decision makers, and employees of all the companies noted in the attached spreadsheet,
It’s been a few months since our last communication. I’ve taken this time to do some research and I’m ready to begin sending all of the public information I’ve compiled to every state licensing authority along with FHA/HUD, VA, all of the lenders you work with, every single mortgage broker blog and every single consumer reporting website on the internet. After that I will give all of this public information to every print medium in the country for mortgage brokers and let brokers make their own judgment about whether it is a sound decision to do business with your company. Attached to this email you will find a spreadsheet and corporate filings of all the public information available pertaining to all of the companies you do business under including Better Branch Business, Inc DBA Coral Ridge Funding. I still have not received my refund of $8495 and I’m very weary of the way your company does business. You haven’t responded to any of my concerns o
r refunded my funds therefore I will seek the council of each and every licensing authority in the country. If you think we can resolve this issue outside of court, I look forward to a positive response by 9am tomorrow morning along with the confirmation that I’ll be receiving my refund of $8495 by this Wednesday morning June 4th 2008 via overnight mail in certified funds made out to me, Daniel Samoohi.
Please overnight the certified check of $8495 to my office:
Daniel Samoohi
18851 NE 29th Avenue STE 717
Aventura, FL 33180
Sincerely,
Daniel Samoohi
From: Denis Santoli [mailto:denis@pacbanc.com]
Sent: Tuesday, January 22, 2008 9:35 PM
To: Dan@ClearwaterFN.com
Subject:
Hey Pal, we have no intention allowing YOU to fund any loan in our name without you going
through our training course and making sure YOU know what the hell you are doing in this
business!! That is called control which is what state regulators expect!!!! You are correct!!! We will
watch what you do very closely!!!!!!!! We watch every step an originator takes!!!!!!!! Make sure you
include this email when you talk to the state!!!!! In addition, no way we would allow you to conduct
business with us using your company name!!!!!
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Tuesday, January 22, 2008 9:19 PM
To: 'asantoli@pacificbancorp.com'; 'Jacob Beechler'; 'jon_stutz@pacbanc.com'; 'qc@pacdex.net';
'branchinfo@pacificbancorp.com'
Subject: RE: Setup
It is clear that you are the ones who need to learn to govern yourselves
accordingly because once anyone examines the emails that were sent tome from your company, they will clearly determine that it is your company that chooses to work outside the law. For your convenience I have included the series of emails below for you to review. Having to “refer” loans to your corporate office as your company suggests for $500 to have someone in your organization with a license sign the 1003 for the files I originate was not described to me verbally or in your contract. On the morning of 1/21/08 via email your company made it clear to me how illegally it operates for the first time and I immediately made my intentions clear that I no longer wanted to proceed with your company and respectfully requested my funds to be returned.
I will not waste anymore time going back and forth with your company, either we settle this peacefully between us or we let each state’s financial regulatory office and the courts determine the outcome.
-----Original Message-----
From: PacDex.OS [mailto:branchinfo@pacdex.net]
Sent: Tuesday, January 22, 2008 3:09 PM
To: dan@clearwaterfn.com
Cc: jbeechler@pacdex.net
Subject: RE: Setup
Mr. Samoohi,
That was NOT what was represented to you and any representation that
you make that it was will get you into more legal trouble than it is
worth. Defamation and blackmail will get you a one way ticket to
court. You will not be receiving a refund because you choose to work
outside the law. We will not be risking our license for you to operate
illegally. You were told you can refer those to us, that is all. Not
only that, but you were aware of our structure before you started the
yearly plan as you were a monthly branch to start. If you attempt to
play the games you suggest in this email you will be held responsible,
govern yourself accordingly.
Affiliate Operations
PacDex
954.603.0450 x2001
954.603.0451 fax
www.pacdex.net
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Tuesday, January 22, 2008 2:30 PM
To: 'Jacob Beechler'; 'asantoli@pacificbancorp.com'
Subject: RE: Setup
Jacob,
Thank you for your response to my questions and concerns. I appreciate your time and it
would be great to do loans in the 25 states I selected but I am not sure that your company’s system is right for me after reading the information you emailed me yesterday. If you decide not give me a refund of the full $8495 I paid you and I proceed to work with your company, I will need assurance that the course of action you directed me to take in your emails yesterday is compliant and within all state guidelines if I do what you say and pay you 500 dollars to “refer” each file to you. I will be contacting the regulatory bodies of each state you outlined that require personal licensure and send them the emails you sent me so they can verify the terms you described in the series of emails you sent are in compliance within each set of state guidelines. If each state
regulatory body agrees that it is within their guidelines to allow an unlicensed individual to pay you 500 dollars per file to have someone from your organization with a license sign the loan application on the unlicensed individual’s behalf like you suggested in your emails to me, I will be happy to proceed with the policies you outlined to me yesterday after each state has done a full investigation of the information you emailed me.
I respectfully request a refund of the $8495 I have given you. I would appreciate it if the refund process can be expedited so that we may both continue with business as usual and no longer waste any more of your time.
Thank you,
From: Jacob Beechler [mailto:jbeechler@pacdex.net]
Sent: Tuesday, January 22, 2008 9:21 AM
To: 'Daniel Samoohi'
Cc: 'Andrew Santoli'
Subject: RE: Setup
It’s either refer it to the corporate office or don’t do it.
Jacob Beechler
Corporate Office
954.603.0450
954.603.0451 fax
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Monday, January 21, 2008 4:42 PM
To: 'Jacob Beechler'
Subject: RE: Setup
Hey Jacob,
I am a little confused. You say I will need personal licensure in states that require it in order to originate loans in those states…So how does paying you $500 per file allow me to originate loans without personal licensure?
Thanks,
Danny
Below is the series of emails you sent me regarding this subject.
From: Jacob Beechler [mailto:jbeechler@pacdex.net]
Sent: Monday, January 21, 2008 2:02 PM
To: 'Daniel Samoohi'
Cc: 'Jon Stutz'; qc@pacdex.net; branchinfo@pacificbancorp.com
Subject: RE: Setup
Daniel,
I think you should re-read the section of your contract that you sent to me:
…. LO licenses must be obtained for individual state parameters/guidelines…
Also…
*NY - All loans originated in the state of NY must be submitted to corporate office
at 11555 Heron Bay Blvd #200, Coral Springs, FL 33076 prior to underwriting. Corporate office will be submitting all NY loan to the investors at an addition $550.00 processing fee. Loan officers located in New York must conduct all mortgage business activities out of the approved centralized location designated by corporate office. It explains exactly what you say was not told to you.
To be clear, you want to originate in states that require the individual to be licensed as an unlicensed individual?? So you want to operate illegally, under OUR licensure, in all your approved states that have an LO requirement, AND you want to do it for free??
You paid the yearly which gives you access to use our licensure in the states that YOU chose. It clearly says in your contract that the LO license needs to be obtained in each state that requiresit. It also states clearly about the NY fee etc.
As I explained to you during your walk thru the industry has went through several changes and fraud is on the rise. We have to update guidelines in order to protect ourselves and our affiliates just like lenders have to. The training status is temporary. When YOU prove that you are not a fraudulent person and you have a clue how to submit a package then your activity will be looked at and ultimately decided if you move to an active status. I explained all this and you agreed that it is a necessary step in order to weed out the people who are looking to damage this company and ruin the industry, I suggest that you start registering loans and following guidelines because a refund will not be given when the reasons are you want to operate illegally and didn’t read the contract fully.
From here forward ALL correspondence should be through e-mail so we have a record.
Thank you.
Jacob Beechler
Corporate Office
954.603.0450
954.603.0451 fax
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Monday, January 21, 2008 12:11 PM
To: 'Jacob Beechler'
Subject: Re: Setup
Jacob,
I understand your position and know you are not responsible for state by state guidelines, but to be honest this is not what we signed up for, we were told that we can do our own files and then you told us we have to be a “contract processor” for the first few files which is a huge and un-agreed to inconvenience on my end….nowhere on the contract I signed mentions this probationary period now we are being told that in certain states we have to pay a 500 fee for each loan so that someone licensed can sign for us. On top of that, no one mentioned anything about being W2’d in certain states before I paid the fee. I was led to believe by your company that the reason I paid 8495 was that you guys had all the licenses as a company and that I was to be an employee of your company which would entitle me to use your company licenses for that 8495 fee and no extra fees on top of that like you are now mentioning. I have been in this business
originating loans for 5 years and I could have dealt with being on a probationary period for a few loans but to now say that because I don’t have a LO license in those states I can’t originate loans without paying you 500 per file is false advertisement on your part because I was not made aware of any of this prior to this morning via email, verbal or written agreement. I wouldn’t have signed any contract or paid any money had I known this was how things work with your company. Nowhere on anything I signed says that I have to pay a 500 fee to close loans in the states you mentioned that I don’t have license in. I specifically asked you guys what the fees were when I was there and all I was told that there were extra fees to close loans in NY and NV. The contract
I signed says the same thing as well. Below is an excerpt from your contract about this exact subject. It says nothing about any fees having to be paid in any state besides NY and NV.
“**Associates with felony records must be individually licensed in all states and may not originateany loans unless licensed, failure to
effectuate this directive will result in cancellation. LO licenses must be obtained for individualstate parameters/guidelines.***Affiliates are to
be set up on a thirty (30) day renewal term, based on the first date of operational status (walkthrough date). Affiliates will be automatically suspended if the software licensing fee is not received on or before the renewal date. Be advised that the Company conveys a download on a thirty (30) day period to all investors with our approved office listings. No loan, file, or transaction will be accepted, reviewed,
underwritten, or funded by any lender from a location not included in said download. *Limited Lender States/ License is pending. Limited to World Savings when state is defined as "limited lender". *NY - All loans originated in the state of NY must be submitted to corporate office at 11555 Heron Bay Blvd #200, Coral Springs, FL 33076 prior to underwriting. Corporate office will be submitting all NY loan to the
investors at an addition $550.00 processing fee. Loan officers located in New York must conduct all mortgage business activities out of the approved centralized location designated by corporate office. *NV - All loans originated in the state of NV from out side of NV, must be submitted to corporate office at 2660 Towns gate Road #800, Westlake Village, CA 91361 Attn. Dan S. prior to underwriting. Corporate office will be submitting all NV loan to the investors at an addition $550.00 processing fee. All
Loan Officers originating loans within NV must be licensed as a LO and pay an additional $100 per month for NV state requirements beforefirst loan can be submitted to any lender.”
I have attached the FAQ’s section on your website that says you guys charge absolutely
no fees per loan and do not micro manage on each loan. I think you guys have a great productbut this is not for me and if I would have known that we could have both saved a lot of time. I would appreciate it if you would send back my funds of 8495 immediately. It’s nothing personal at all but I was mislead on 4 counts and would not have signed up had I been made fully aware of these items before I paid…None of this was mentioned on the contract or on your website FAQ’s or from any conversation whether verbal or on email that we had.
-I was told I can originate and process my own loans from start to finish without any micro managing by you guys, now I’m told that I have to be a “contract processor”
-I was told that all fees would be deposited directly into my bank account, now I’m told that the fees will go to you guys and then be disbursed to me.
-I was told that there were no fees per loan to originate loans through your company as an employee, now this morning I get an email saying I have to be licensed in certain states otherwise I have to pay a 500 fee per loan.
-I was told that I could pay myself 1099 in the beginning, now I’m told that I have to be
W2’d in certain states.
I understand that some of these things are in your control and some are not. But none of
this was made clear to me when I asked, in writing to me prior to me paying you guys. These are all material omissions on your end that if known by me, would have prevented me from signing up with you guys and paying you the 8495. I understand that it took you time to answer my questions and to set me up with your company and I expect to compensate you for that with the set up fee of $1000. I’m not an unreasonable person and am not trying to get anything for free but since I was mislead on multiple counts and did not execute any agreement saying I would agree to any of the four things above, I expect that you guys be reasonable and refund the 7495 portion of the funds that were to be used for the annual use of your product. Please get back to me asap, my intention is to rectify this situation as quickly, peacefully and as reasonably possible.
Thank you,
From: Jacob Beechler [mailto:jbeechler@pacdex.net]
Sent: Monday, January 21, 2008 10:32 AM
To: 'Daniel Samoohi'
Subject: RE: Setup
That is correct. A licensed individual has to sign the 1003 per the state. We cannot supersede the state.
Jacob Beechler
Corporate Office
954.603.0450
954.603.0451 fax
From: Daniel Samoohi [mailto:dan@clearwaterfn.com]
Sent: Monday, January 21, 2008 10:20 AM
To: 'Jacob Beechler'
Subject: RE: Setup
Hey Jacob, so you’re saying each time I close a loan in those states I have to pay you 500 until I get a license in those states??
Thanks,
From: Jacob Beechler [mailto:jbeechler@pacdex.net]
Sent: Monday, January 21, 2008 10:17 AM
To: 'Daniel Samoohi'
Subject: RE: Setup
These are the states you choose. The ones that require LO licensure will be added once the LO is obtained. Until then you may refer them to the corporate office for a fee of $500.00. Once the LO is obtained you may sign the 1003 and no longer need to pay the fee. For any AZ loan contact Dan at dansantoil1@pacbanc.com
Arizona – LO requirement
California – LO requirement.
Connecticut
Delaware
Florida
Georgia
Illinois – LO requirement.
Maine
Maryland – LO requirement.
Massachusetts
Michigan
Minnesota
Nevada – LO requirement.
New Jersey (If not NJ then Colorado) – Added CO
New York
North Carolina – LO requirement
Ohio – LO requirement
Pennsylvania
Rhode Island
South Carolina
Tennessee – LO requirement
Utah – LO requirement
Vermont
Virginia
Washington – Registration requirement
Jacob Beechler
Corporate Office
954.603.0450
954.603.0451 fax
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ClearwaterFN
76 Posts |
Posted - 06/03/2008 : 2:32:47 PM
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quote:
Originally posted by Banker0679
lol yea first post, and he figured out how to use site search lol
believe me when you've been searching the internet for days, it doesn't take much to figure out how to get info from a blog! |
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1stintegritymort
1289 Posts |
Posted - 06/03/2008 : 2:43:33 PM
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| when are you going to contact the state licensing authorities? |
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ClearwaterFN
76 Posts |
Posted - 06/03/2008 : 2:48:20 PM
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quote:
Originally posted by 1stintegritymortgage
when are you going to contact the state licensing authorities?
I've already sent this list along with their corporate info to Nevada where they have the 199K fine, I'm working on CA, AZ, NC and 3 other states this evening....the rest will all take place the remainder of this week....i formatted the emails for easier reading... |
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LOANGUYNYC
101 Posts |
Posted - 06/04/2008 : 05:12:46 AM
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| Very nice list, out of business they claim huh??!! They think they can just close down pacdex and move on to Better branch business?! I don't think so, I'm with you brother, we need to help make sure these guys get what's coming to them. |
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ClearwaterFN
76 Posts |
Posted - 06/04/2008 : 08:08:19 AM
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quote:
Originally posted by Banker0679
they're supposed to have a hearing here in NC...i wonder if they're going to show up?
They have a history of not showing up to court but in this case the suit has them named as individuals as well as the NARES and Pacific bancorp....NC is on my agenda today to call...good thing the number of the attorney general is on the bottom of the pdf...saves me the trouble of going through all the red tape! |
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ClearwaterFN
76 Posts |
Posted - 06/05/2008 : 06:09:12 AM
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Here's a good laugh from the about us section...their dishonesty knows no bounds.
We are America's #1 Online Mortgage Lender, and one of the largest
homeloan lenders nationwide! We have nearly 3,000 passionate home loan
experts dedicated to getting you into the home of your dreams, and finding the right loan to save you thousands of dollars each year!
Our Experience
9 out of 10 clients say they'd recommend us to others.
We have more than 30 years of mortgage lending experience.
Our clients give us an "A"! We have a 94 percent client satisfaction score from the
survey taken by clients when they close their home loan.
We are the top mortgage lender for several of America's top companies, including; Google, Yahoo!, Microsoft and more!
We expects to close more than $6 billion in home loan volume in calendar year 2008, up from nearly $2 billion in 2007.
Our Service
We take care of every client, every time; no exceptions, no excuses.
We close loans in all 50 states.
We can process your loan in as few as 15 days.
We allow you to track your loan every step of the way, with email or phone alerts if you want them.
No matter what your schedule, we will come to you to sign final paperwork.
We have more than 150 loan programs, making it easy to choose the best fit for your situation.
Our Culture
We're recognized by FORTUNE Magazine as one of the "100 Best Companies to Work For" in
America.
We're ranked #1 on Computerworld Magazine's list of the "100 Best Places to Work in
Information Technology" for three years in a row in 2005, 2006 and 2007.
© North American Financial Corporation |
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ClearwaterFN
76 Posts |
Posted - 06/05/2008 : 06:15:28 AM
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Another company I just got an email from, they offer websites for people and the owner of the company according to Florida Dept of Corps is Jose Alfaro, one of the account execs for Pacific Bancorp, Pacdex...
Buyer Beware
http://www.intechcenter.com/
They work in the same office and have the same phone number as these crooks...not only that but if you look at their portfolio of websites, you'll see better branch business and Pacdex. All the other websites are for companies in the same office building and some of them look fake...My opinion is that this is another scam aimed at taking large deposits up front and then never delivering a product.
Beware and don't buy anything from anyone named on that list. Do your research. |
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1stintegritymort
1289 Posts |
Posted - 06/05/2008 : 06:28:16 AM
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| maybe you can try contacting the search engines too? if you tell them what is going on maybe they will refuse to do business with them? i doubt the seach engines want a scammer on the sponsored links. |
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1003s.com
3020 Posts |
Posted - 06/05/2008 : 06:32:07 AM
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quote:
Originally posted by ClearwaterFN
Another company I just got an email from, they offer websites for people and the owner of the company according to Florida Dept of Corps is Jose Alfaro, one of the account execs for Pacific Bancorp, Pacdex...
Buyer Beware
http://www.intechcenter.com/
They work in the same office and have the same phone number as these crooks...not only that but if you look at their portfolio of websites, you'll see better branch business and Pacdex. All the other websites are for companies in the same office building and some of them look fake...My opinion is that this is another scam aimed at taking large deposits up front and then never delivering a product.
Beware and don't buy anything from anyone named on that list. Do your research.
What ever faults they may have, I must say they did a good job with their own web sites. I had a number of
people tell me, they were very impressed with their web site.
Some people conclude a company must be good, if they have a really nice looking web site.
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ClearwaterFN
76 Posts |
Posted - 06/05/2008 : 06:38:42 AM
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| That's how alot of people get sucked in..websites are the first impression, after that many people don't do so much research, I admit I was one of those people but never again...In this market every penny has to be accounted for... |
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ClearwaterFN
76 Posts |
Posted - 06/05/2008 : 06:41:22 AM
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quote:
Originally posted by 1stintegritymortgage
maybe you can try contacting the search engines too? if you tell them what is going on maybe they will refuse to do business with them? i doubt the seach engines want a scammer on the sponsored links.
Good idea, I don't see them doing any pay per clicks anymore and their websites have been shut down and require a user name and password to view them...they know I'm contacting all the states and want to hide themselves. That's okay though, I've pdf'd all their FAQ's, home pages, about us sections...they can run but they can't hide. |
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mcamp60610
408 Posts |
Posted - 06/05/2008 : 08:47:40 AM
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Any person claiming to do optimization and doesn't even fix their title tags should be shot and hanged...
But, minus the inTechcenter. What exactly happened? |
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ClearwaterFN
76 Posts |
Posted - 06/05/2008 : 09:00:28 AM
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quote:
Originally posted by mcamp60610
Any person claiming to do optimization and doesn't even fix their title tags should be shot and hanged...
But, minus the inTechcenter. What exactly happened?
They claim to be licensed in all 50 states and say that if you give them one lump sum up front that you don't pay per loan fees and keep all the revenues. They claim that all licensing is taken care of personally and company wise if you sign up with them...I thought it was a good financial move considering my office closes over 10 loans per month. So we signed up only to find out they are licensed in about 30 states, are in constant litigation and only have FHA in a small number of states...not only that but in the emails above they solicited me to co-broker by asking me to pay $500 per file so that someone in their organization could illegally sign the 1003 who had a license...As soon as I found this out I asked for a refund and got the virtual middle finger...
Banker0679, they claim to have shut down their operations and their websites are no longer accessible without a user name and password...
Inotech, isn't that the name of the company from office space??! below is the excerpt from their FAQ's about 50 state licensing...
Q: States company is licensed in?
A: Take advantage of our *51-State Network - ALL individual, state and
federal requirements are satisfied without any restrictions by PacDex.net
Group, Inc. 11555 Heron Bay Blvd, Coral Springs, Florida 33076 Which
will allow you to be fully operational acting as a national mortgage broker
whether you are working out of a commercial building or your house,
having access to the most diverse mortgage programs such as VA, FHA,
Reverse, Construction and much more, within 24 hours of confirming
your enrollment. *51 - PacDex.net is license in Washington, DC. |
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mcamp60610
408 Posts |
Posted - 06/05/2008 : 09:02:55 AM
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quote:
Originally posted by ClearwaterFN
quote:
Originally posted by mcamp60610
Any person claiming to do optimization and doesn't even fix their title tags should be shot and hanged...
But, minus the inTechcenter. What exactly happened?
They claim to be licensed in all 50 states and say that if you give them one lump sum up front that you don't pay per loan fees and keep all the revenues. They claim that all licensing is taken care of personally and company wise if you sign up with them...I thought it was a good financial move considering my office closes over 10 loans per month. So we signed up only to find out they are licensed in about 30 states, are in constant litigation and only have FHA in a small number of states...not only that but in the emails above they solicited me to co-broker by asking me to pay $500 per file so that someone in their organization could illegally sign the 1003 who had a license...As soon as I found this out I asked for a refund and got the virtual middle finger...
Banker0679, they claim to have shut down their operations and their websites are no longer accessible without a user name and password...
Inotech, isn't that the name of the company from office space??! below is the excerpt from their FAQ's about 50 state licensing...
Q: States company is licensed in?
A: Take advantage of our *51-State Network - ALL individual, state and
federal requirements are satisfied without any restrictions by PacDex.net
Group, Inc. 11555 Heron Bay Blvd, Coral Springs, Florida 33076 Which
will allow you to be fully operational acting as a national mortgage broker
whether you are working out of a commercial building or your house,
having access to the most diverse mortgage programs such as VA, FHA,
Reverse, Construction and much more, within 24 hours of confirming
your enrollment. *51 - PacDex.net is license in Washington, DC.
Sorry to hear that happened, that is incredibly dangerous. |
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ClearwaterFN
76 Posts |
Posted - 06/05/2008 : 12:31:43 PM
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quote:
Originally posted by Banker0679
they're supposed to have a hearing here in NC...i wonder if they're going to show up?
Just called NC attorney gen. and emailed them all the info on these guys...looks like a few more names are going to be added to that list...the person I spoke to said they wanted to fly down to FL from NC and have me do a deposition! I'm glad I can help them go after these people and their personal assets.
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1003s.com
3020 Posts |
Posted - 06/05/2008 : 12:43:51 PM
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quote:
Originally posted by ClearwaterFN
quote:
Originally posted by Banker0679
they're supposed to have a hearing here in NC...i wonder if they're going to show up?
Just called NC attorney gen. and emailed them all the info on these guys...looks like a few more names are going to be added to that list...the person I spoke to said they wanted to fly down to FL from NC and have me do a deposition! I'm glad I can help them go after these people and their personal assets.
Good for you Danial, that is great to hear. |
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Seadog
18 Posts |
Posted - 07/12/2008 : 04:41:15 AM
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| Thank you for sharing! Good luck! These people must have been scamming people for years! |
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isabella2113
276 Posts |
Posted - 07/12/2008 : 05:47:56 AM
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To ClearwaterFN...I am so proud that you are fighting these idiots. I am sure it is costing you much time and probably much anxiety to pursue this but they need to be stopped. These type of people give all of us a bad name. It is time for all of the honorable LO's to stand up and take the integrity of our business back!!!! We all need to stand united and help each other fight this type of scumbag way of doing business. We will all win in the end. If we took this one post and passed it along to all of our AE's, state senators and representatives, etc...maybe we can finally get some action and get rid of them for good. Is anything ever done when they don't show up to court????
FYI, there is another problem net branch owner out there as well. Raymond Moatz from 1st Continental Mortgage in Ft. Lauderdale FL. He has a MARI rap sheet 48 pages long with all kinds of legal licensing problems all over the country. I know for a fact that he is being investigated for fraud and embezzlement. Watch out for him too. |
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genealle
958 Posts |
Posted - 07/12/2008 : 06:04:53 AM
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quote:
Originally posted by ClearwaterFN
That's how alot of people get sucked in..websites are the first impression, after that many people don't do so much research, I admit I was one of those people but never again...In this market every penny has to be accounted for...
Jogging slightly off topic, that's what I've told people for years. You NEED a web site. It needn't be fancy, just attractive. Sometimes it's how customers find you, but it's mostly a way they use to get more info and get a feel for your professionalism. E-mail in your domain looks more professional than a Hotmail account.
Too bad these guys used it to lure suckers. |
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mgraham224
944 Posts |
Posted - 07/12/2008 : 07:24:09 AM
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This was the most interesting post I've read in a long time. This could totally be on Dateline!
I may have an old email chain from them... I'll see what I can find... |
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mgraham224
944 Posts |
Posted - 07/12/2008 : 07:31:35 AM
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Ha! I actually found it:
From: Bob Sampson [mailto:bsampson@pacbanc.com]
Sent: Thursday, November 29, 2007 9:34 AM
To: 'Matt Graham'
Subject: RE: Follow-up: Affiliate Branch Phone Conversation
Once you’re setup as a branch with us, you will be a virtual loan officer under our corporate infrastructure for all other states. This will allow you to originate loans in the entire 50 states, (50-1/2 or 51… DC included) #61514;
________________________________________
From: Matt Graham [mailto:matt@rlgroup.net]
Sent: Thursday, November 29, 2007 12:20 PM
To: 'Bob Sampson'
Subject: RE: Follow-up: Affiliate Branch Phone Conversation
I’m already licensed in Oregon. My concern is doing loans in other states where I am not personally licensed even though I will be an employee of a company that is.
----------------------
If you want the whole chain, let me know! |
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SolarMTG
265 Posts |
Posted - 07/12/2008 : 07:34:20 AM
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the State of Georgia released this yesterday. I am sure there will be more states followoing suit.
http://dbf.georgia.gov/00/press/detail/0,2668,43414745_102405714_117155373,00.html |
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SolarMTG
265 Posts |
Posted - 07/12/2008 : 12:45:27 PM
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| If you really want them to go down hard, you should contact the IRS. |
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ClearwaterFN
76 Posts |
Posted - 07/14/2008 : 05:55:22 AM
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I've tried to sue them but they are nowhere to be found...they have closed up shop and their websites can no longer be accessed...I'm afraid that the money is gone...but I did go ahead and email this info to every state licensing authority to make sure these people go down...and one by one it seems like each state is revoking their licenses...I'm not one to wish and hope people to suffer...but they made their own bed and it's time to lie in it...as for criminal charges, I'm not clear on what these states can do but all I hope is that justice is served one way or another. To all who read this just make sure never to do business with anyone on this list...if they were scammers once, they'll be scammers again...
Jose Alfaro is a principal in this website company http://www.intechcenter.com/
so make sure never to give them the time of day.
Have a great day all! |
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johnrobert
23 Posts |
Posted - 07/14/2008 : 07:47:42 AM
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quote:
Originally posted by ClearwaterFN
I've tried to sue them but they are nowhere to be found...they have closed up shop and their websites can no longer be accessed...I'm afraid that the money is gone...but I did go ahead and email this info to every state licensing authority to make sure these people go down...and one by one it seems like each state is revoking their licenses...I'm not one to wish and hope people to suffer...but they made their own bed and it's time to lie in it...as for criminal charges, I'm not clear on what these states can do but all I hope is that justice is served one way or another. To all who read this just make sure never to do business with anyone on this list...if they were scammers once, they'll be scammers again...
Jose Alfaro is a principal in this website company http://www.intechcenter.com/
so make sure never to give them the time of day.
Have a great day all!
www.pacdex.net this website is still up and gives a phone number of 1.516.717.3636 for contact information, try and get your money these guys are crooks |
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ClearwaterFN
76 Posts |
Posted - 07/14/2008 : 07:50:56 AM
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quote:
Originally posted by johnrobert
quote:
Originally posted by ClearwaterFN
I've tried to sue them but they are nowhere to be found...they have closed up shop and their websites can no longer be accessed...I'm afraid that the money is gone...but I did go ahead and email this info to every state licensing authority to make sure these people go down...and one by one it seems like each state is revoking their licenses...I'm not one to wish and hope people to suffer...but they made their own bed and it's time to lie in it...as for criminal charges, I'm not clear on what these states can do but all I hope is that justice is served one way or another. To all who read this just make sure never to do business with anyone on this list...if they were scammers once, they'll be scammers again...
Jose Alfaro is a principal in this website company http://www.intechcenter.com/
so make sure never to give them the time of day.
Have a great day all!
www.pacdex.net this website is still up and gives a phone number of 1.516.717.3636 for contact information, try and get your money these guys are crooks
WOW!! These guys are at it again??! the website was shut off for a while and now theyare trying to come back??! Insane...my resolve just got a little greater... |
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ClearwaterFN
76 Posts |
Posted - 07/14/2008 : 08:16:53 AM
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| i just emailed georgia, I'm going to follow up with NC and see what happened witht the hearing...my bet is that they never showed up... |
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EMScommercial
4688 Posts |
Posted - 07/14/2008 : 09:17:40 AM
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| is this the same post that keeps popping up or a new one? |
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riley1p
179 Posts |
Posted - 07/14/2008 : 09:25:12 AM
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THATS AWESOME..I TOLD THESE GUYS THEY WERE GOING TO JAIL.. THEY OWE ME MONEY TOO FROM THEIR SCAMquote:
Originally posted by SolarMTG
the State of Georgia released this yesterday. I am sure there will be more states followoing suit.
http://dbf.georgia.gov/00/press/detail/0,2668,43414745_102405714_117155373,00.html
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ClearwaterFN
76 Posts |
Posted - 07/14/2008 : 09:33:45 AM
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here are some new names from the pacdex website
George Brennan
David Simon
Christopher Babel
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ClearwaterFN
76 Posts |
Posted - 07/18/2008 : 11:14:34 AM
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Just want to make sure no one gets scammed by these people again since their website is up and running again..since they are great at hiding, the process server is having a difficult time finding these crooks...so my attorney advised me to file criminal charges with the state of FL...In a time where small brokerages are closing left and right, don't fall victim to these people who promise everything and deliver nothing except this
From: DENIS SANTOLI [mailto:denis@pacbanc.com]
Sent: Monday, June 02, 2008 7:25 PM
To: 'Daniel Samoohi'
Subject: RE: Final Notice
STOP EMAILING ME. F&@K OFF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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LOANGUYNYC
101 Posts |
Posted - 08/18/2008 : 07:50:39 AM
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These guys are back on the web doing pay per clicks on google...for all of you looking for branching opportunities, stay away from these guys, they will do and say what they need to in order to steal your money...STAY AWAY!!!!
Please read all the info about these people, they are criminals and will stop at nothing to scheme money out of all of your pockets. |
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