+ Reply to Thread
Results 1 to 2 of 2

  1. #1
    Join Date
    Mar 2007
    Posts
    1

    American Reverse Mortgage (Ocala, FL)

    This company focuses on hiring senior citizens in order to have them lead them to other seniors for the purpose of selling them a reverse mortgage. The company offers higher compensation to loan originators that push the higher margin loans (less money for client - more money for company). The company also has a record of coming up with reasons not to pay the loan originators on their loans. FHA and HUD require tthat there is a true employer/employee relationship in order for a company to originate FHA loans - This is questionable at best with American Reverse Mortgage. The company also has a practice of forging the signatures of the loan originators on the closing documents. BEWARE
    Last edited by mc1; 03-18-2007 at 08:26 AM. Reason: Misspelled words

  2. #2
    Join Date
    Jul 2009
    Posts
    5

    Re: American Reverse Mortgage (Ocala, FL)

    American Reverse Mortgage

Similar Threads

  1. Darrell Harvey - FRANKLIN AMERICAN MORTGAGE
    By rockinsararobbins in forum Business Scams
    Replies: 5
    Last Post: 07-25-2017, 12:00 AM
  2. Reverse Mortgages
    By MarkZultz in forum Corporate Scams
    Replies: 5
    Last Post: 07-17-2009, 08:53 AM
  3. Reverse Mortgages
    By IdedayRew in forum Corporate Scams
    Replies: 1
    Last Post: 07-15-2009, 04:47 AM
  4. Reverse Bad Fortune
    By kthankins in forum Corporate Scams
    Replies: 1
    Last Post: 01-05-2009, 08:14 AM
  5. Reverse Mortgage Resources
    By 1031NetEx.com in forum Corporate Scams
    Replies: 0
    Last Post: 05-20-2008, 02:06 PM

Tags for this Thread

Bookmarks

Bookmarks

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may edit your posts
  •