ED Magedson – Founder
Alterra Home LoanInternet USA
Alterra Home Loan..jason madiedo, felix DeHerrera, miguel Navearez, mark tribuna stay away as a loan officer or net branch Las Vegas Nevada Las Vegas Nevad
If you are looking at these clowns to either work as a loan officer for or as a net branch RUN. Run fast. This report is fact based and NOT sour grapes. I did my due diligence before going there and i should have listened to the "good ole boy" form Alabama when he said...don't trust those slick fast talkers in Vegas. He warned me what they would do and it eventually happened.
In a nutshell, once i built the companies biggest and most productive lucrative branch they went behind my back and tried to steal it from me. how they did this was contacting all of the loan officers that worked for me and offered them their own branches and profit and loss centers.. they even went as far as to show them false P&L's..
I was told they do this and sure enough they did. The sleazy owner likes to flaunt how much money he thinks he has but has absolutely NO knoweldge or understanding of the mortgage world or how it works. [continued below]....
They are completely NOT RESPA compliant and will be visited by the CFPB shortly to answer questions on how they redisclose borrowers on change of circumstances and how they paid their LO's based on profitability...
The funniest thing is that the President (i fyou want to call him that) is now the president of NAHREP (look it up). they are a group that is out to help the "hispanic community". yet they charge these borrowers close to 550bps on FHA loans...how is this helping a bretheran? Oh and how is it someone who has shortsales and terrible credit can actually be voted as a president of this organization? does this organization have no moral compass? do they vet these candidates?
Run far and fast from them....
This report was posted on Ripoff Report on 06/24/2013 11:32 AM and is a permanent record located here: http://www.ripoffreport.com/r/Alterra-Home-Loan/internet/Alterra-Home-Loanjason-madiedo-felix-DeHerrera-miguel-Navearez-mark-tribuna-stay-awa-1061641. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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