I am 72 years old and was looking for a reverse mortgage through Lending Tree. What I got was Dan Peterson at American Reverse Mortgage Advisors in Ladera Ranch, California. Although he represented himself as being unusually competent at his job, he was totally incompetent, rude, and in my opinion, a pathological liar.
He worked on my reverse mortgage for 10 weeks, told me were closing at the end of each week, but always came up with an excuse when it actually came to closing. He blamed everyone else...the appraiser, me, the appraisal company, and others. When I confronted him about the number of weeks he'd been working on my mortgage he said it had only been 5 weeks. I have an email from him thanking me for my business that was dated two months earlie, June 8, 2015.
When I fired him, August 6, 2015, he refused to give me the name of the title company that had my files. He is allowed 72 hours to transfer my files to another lender, and used everyone of them knowing I was leaving on vacation August 10, 2015. If he had given me the name my new lender we would have been able to close Monday morning before I left.
His website says he is accredited by the BBB, the BBB says he is not. There is a tiny line next to the logos he has listed on the bottom of his site (including BBB Accredited) that says "This material is not from HUD or FHA and had not been approved by HUD or any other governent agency."
The actual company is United Pacific Realty and Investment, Inc, dba American Reverse Mortage Advisors. Nothing about this person is to be trusted.
I started working with Reverse Mortgage Advisors of America about 5 weeks ago, and I just closed on my new reverse mortgage yesterday. I worked with Dan Peterson and he was great! always answered my calls, very nice, Knowledgeable and friendly. I had no issues whatsoever. My appraisal came back just fine, and he walked me through all of my paperwork. I would recommend this company to anyone.
Reverse Mortage Advisors of America Reviews
I am 72 years old and was looking for a reverse mortgage through Lending Tree. What I got was Dan Peterson at American Reverse Mortgage Advisors in Ladera Ranch, California. Although he represented himself as being unusually competent at his job, he was totally incompetent, rude, and in my opinion, a pathological liar.
He worked on my reverse mortgage for 10 weeks, told me were closing at the end of each week, but always came up with an excuse when it actually came to closing. He blamed everyone else...the appraiser, me, the appraisal company, and others. When I confronted him about the number of weeks he'd been working on my mortgage he said it had only been 5 weeks. I have an email from him thanking me for my business that was dated two months earlie, June 8, 2015.
When I fired him, August 6, 2015, he refused to give me the name of the title company that had my files. He is allowed 72 hours to transfer my files to another lender, and used everyone of them knowing I was leaving on vacation August 10, 2015. If he had given me the name my new lender we would have been able to close Monday morning before I left.
His website says he is accredited by the BBB, the BBB says he is not. There is a tiny line next to the logos he has listed on the bottom of his site (including BBB Accredited) that says "This material is not from HUD or FHA and had not been approved by HUD or any other governent agency."
The actual company is United Pacific Realty and Investment, Inc, dba American Reverse Mortage Advisors. Nothing about this person is to be trusted.
Great company, Dan is a great guy
I started working with Reverse Mortgage Advisors of America about 5 weeks ago, and I just closed on my new reverse mortgage yesterday. I worked with Dan Peterson and he was great! always answered my calls, very nice, Knowledgeable and friendly. I had no issues whatsoever. My appraisal came back just fine, and he walked me through all of my paperwork. I would recommend this company to anyone.
Thanks
R. Romeyn of California