Category: "Mortgage Services" - California DRE complaint

Wednesday, February 16, 2005

Dana Capital Group - the illegal marketing king!

Lately I can’t believe what I’m hearing.  Every time I call on a mortgage junk fax, it’s some mortgage company doing the California loans and Dana Capital Group does the loans outside California.

1) First it turned out that “Mortgage Center” (became themortgagestar.com and now ???) processed loans for Dana Capital and used the Dana Capital credit bureau account to obtain consumer credit reports.

After first operating out of Phoenix, “Mortgage Center” moved to Chino, Cal. (near San Bernardino) and apparently they’re the undercover branch of Pacific West Mortgage. I had a long talk with broker Nanadiego who knows that they’re faxing, had told them to quit, but apparently he doesn’t have a lot of authority.  Pacific West does the California loans, Dana Capital gets the out of state loans.

Dana Capital’s Amanda Smith lied all the way and their attorney still doesn’t want to acknowledge the relationship with “Mortgage Center.”

What is the relationship between Dana Smith (owner) and Amanda Smith (Legal Dept. Coordinator)?

I didn’t get a good settlement offer and as I was looking at that Dana situation some more I realized that they had no permissible purpose to run my credit - since they claim to have nothing to do with “Mortgage Center.”

It upsets me when people and especially corporate execs and lawyers lie to me.  So after NCO ignored my request for investigation, I demanded my $1,000 from NCO, who had sold my credit report to Dana Capital.  I’ve had my dealings with NCO on behalf of clients and they’ve always been hellish to deal with, but this time they really outdid themselves.

NCO returned all the documentation I had sent to them (my DRE complaint, correspondence with Dana, etc.) and demanded that I provide them with my SSN and info about the original creditor.  NCO started to collect an entirely fictitious debt instead of shutting off the Dana Capital access to credit reports. And of course they didn’t send me my $1,000 for statutory damages.

So last Saturday I put the packages together for the CRAs, requesting that they terminate the NCO and Dana Capital Group access to credit reports.

We shall see what happens, if the CRAs don’t terminate them I’ll sue for running my credit without a permissible purpose.  The CRAs also have an obligation to ensure that they resell consumer credit reports only to reliable and trustworthy companies, not scummy outfits like Dana Capital and NCO who totally ignored my complaints and couldn’t care less which criminals have my credit report.

Ok - sorry, I just have a thing about ID theft and privacy.

2) In January I got a mortgage junk fax for Help-U-Finance and just like Pacific West Mortgage, they do the California loans and Dana Capital does the out of state loans.

3) Today I got another mortgage fax and I was transferred to People’s Home Loans, and as you by now expect, they do the California loans and Dana Capital does the out of state loans.

Since Michael Aviles at People’s Home Loans covered for the faxers and then hung up on me, I did a little research - looks like another scummy outfit on all levels.

Robert Cirelli somehow got my phone # (he wasn’t the agent I had spoken with) and he left a message for me from “Peoples’ Home Loans / Dana Capital” When my e-mail inquiring about his license status bounced (I didn’t find a license at the DRE site), I called the cell # listed at the People’s Home Loan website.  His announcement was for ”American Residential Funding / Dana Capital.”

Summary:  Dana Capital has these arrangements with a number of mortgage companies to get all the out-of-state loans.  When they get a lead, they ask where the property is and that’s how they determine which company’s credit report account to use.  To do the loan, the right mortgage broker has to be named on the credit report.

Dana Capital set up at least one corporation with a similar name and ignored my request for an explanation.  They probably want at least one other corporation to fall back on if they run into serious legal trouble with the main corporation or they’ll use the new corporation to get the judgments against and then this corporation owns nothing.

Maybe it’s just a scam to throw off some of the TCPA litigants - but Dana Capital definitely took steps to ensure that they have a 2nd licensed mortgage company with almost the same name and address: Dana Capital Group of Arizona.

It really sucks to know that you could be applying with any lender, research them and be comfortable with their reputation, and then you end up at a scummy outfit like Dana Capital - and there’s nothing you can do about it.

Well, I hope this summary makes sense, this is the very short version.  At the Mortgage junk fax forum is a lot of my correspondence with the legal departments and attorneys and my research, my DRE and banking department complaints, the VM’s from the loan agents, the junk faxes, etc.

People’s Home Loans is currently in the “Mortgage Services” topic because the fax header ties in with them. 

You can also search by category at the blog here.  The NCO correspondence is posted at the CreditSuit blog - since it’s about credit, not faxes.

It’s confusing to me too, I’ll have to reorganize sometime.  Search works, I use it a lot!  Generally scans and faxes are at Fight Back only, many of my letters are at the blog and at Fight Back, and here at the blog are the summaries and updates.

Wednesday, December 29, 2004

12/29/04 Press Release: Mortgage Banker Dana Capital Group Named in Junk Fax Lawsuit

I may end up with the record for the longest press release.  I tried to shorten it, but there was just so much I needed to get in for proper search results:

NAMES - lots of names, of the people and companies involved.

PHONE NUMBERS - the numbers on the faxes.

I almost limited the release to Dana Capital, but I think it’s important to show how I’m dealing with numerous junk faxers and I had promised Keith Hyatt a press release.

In the future, I’ll try to limit myself to just one scam and I’ll send out releases a lot more often. 

PRweb is God’s gift to consumers.

I didn’t have any attachments this time, so I went with the $30 distribution. 

Below is the entire release as well as at
http://prweb.com/releases/2004/12/prweb192051.htm

MORE...

Thursday, November 18, 2004

California DRE complaint # 1-04-1012-005 about “Mortgage Services”

I’ll call Deputy Commissioner Kelly Anderson tomorrow to see whether I have to submit a separate complaint about each junk fax with a new phone # for investigation.

In my initial call to the DRE they did state that those faxed advertisements are definitely NOT compliant with California real estate law.

The Fight Back!!! topic