4 comments

• Comment Link Thursday, June 12 2008 08:58 posted by Sara

  PacBanc is the absolute WORST company in the mortgage business today. We had a contract with them for one year, and it was an absolute nightmare. Our branch manager, who was told by Jim Verity, Dave Fisher, Dan/Andrew/Matt Santoli (all fictitious names btw) that he did not need an LO license (state of MD) to originate. Several months later, we are asked "why doesnt your branch manager have al license? He cant originate loans, and any loans he did originate will be fined" - not to mention the dealings with the actual STATE of MD. They said we could be 1099'd, then told us there is an extra fee for that. Told us all of our files have to be QC'ed (all A-paper files) and there is a $250 fee for that. All payroll must be run thru them - fee for that. Took almost 2 months to get paid on loans, no lenders, no licenses, no help, no service. Do your due diligence when thinking of going with this company. They were under a new name also, www.betterbranchbusiness.com, which is now nowhere to be found. The logo was almost identical to that of the BBB, and now neither PacBanc nor Better... can be found. There are lawsuits pending against PacBanc in at least 4 states I have found so far, for operating with no license, using fictitous identities, and the like. Beware of this company, or anybody with a similiar website. They will re-surface.
• Comment Link Tuesday, October 02 2007 09:13 posted by Richard B. Trenaor, Esq.

  I'm an attorney in Washington, DC looking into a case of possible predatory lending. Does anyone know of a Devonne Collins and does he work for NORES, if so what is his mailing address. Thnak you, Richard B. Trenaor
• Comment Link Friday, September 14 2007 06:59 posted by RUDY PAVLIK

  Pacific Bancorp says they are licensed under Americawide Inc in South Carolina but I cannot find their license anywhere..How can I get that?
• Comment Link Wednesday, June 27 2007 12:22 posted by Mike Strong

  Pacific Bank Corp misrepresented themselves. The following is an email I sent to PBC, Americawide, Inc and North American Real Estate Services.
  
  I have been in the process of trying to retrieve $3,200 I sent to Pacific Banc corp. I was told you are FHA Reverse Mortgage approved with Countrywide in CA,AZ,NM,TX,GA,FL. And when I was sent my AE contact for Countrywide she told me you are not approved in those states. Melissa is her name. She can verify this information. She told me she contacted Tom Mitchell and several other executives of this mistake so that in the future such mistakes do not happen again. I paid for all of those states and they are on my contract. I only originate reverse mortgages and no other type of origination. I am a reverse mortgage specialist and have been for some time now. My website is FundingSeniors.com Tome Mitchell was aware of this and knew all my questions centered on reverse mortgages. I have emails showing Tom verifying he was FHA approved in those states. Tom and two other people at PBC have been very rude and unhelpful. I feel as though this company is being fraudulent. I asked for my money back the day after I was setup and the AE told me of the discrepancy. I contacted the BBB and I have been sent emails from PBC that are disturbing. I am preparing to contact federal and state agencies but thought I would try one last time to resolve amicably.
  
  Can you help me? Mike Strong 402-332-2820