• Report: #593300

Complaint Review: Chris Arco, 1st Nationwide Mortgage

  • Submitted: Wed, April 14, 2010
  • Updated: Wed, August 17, 2011

  • Reported By: Anonymous — Massachusetts Massachusetts U.S.A.
Chris Arco, 1st Nationwide Mortgage
65 Enterprise Internet, California United States of America

Chris Arco, 1st Nationwide Mortgage scam artist, mortgage loan Internet, California

*REBUTTAL Owner of company: Response to Disgruntled Agent

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Chris Arco, California Depat of Real Estate license # 01366309, California drivers license # A4419834, date of birth 1-3-1973 working with 1st Nationwide Mortgage Califonia Dept of Real Estate license # 01517084, Broker of record Janeese Marie Aguirre California Dept of Real Estate license # 01215516 defrauded me and three other loan officers of our commissions.

We were hired by Chris Arco as virtual loan officers and Chris somehow put these loans through various other companies because 1st Nationwide Mortgage did not have the correct licenses for those states. The loans funded and Chris refused to pay us with a laundry list of excuses month after month after month. When we contacted some of the companies that Chris was covertly working for Chris was fired from their empolyment, but we still did not get paid.

If you are a loan officer or a borrower do not trust these two people. Chris Arco and Janeese Aguirre will defraud you. 

Here is a copy of one of his emails to me:

I understand your frustrating we are frustrated too. From my understanding you have been in contact with Janeese and she has kept you up to date with the QC issues. 1st it was the Lender then Escrow. We are doing everything we can to get this file cleared to pay. No one here has gotten paid either. It is not our intention to hold pay from you our anyone, including ourselves.

It is not your place to contact any of our providers. You are not the person with the relationship nor will any of our providers discuss any situations with you. If you still do intend try to contact xxxx or any provider associated with 1st Nationwide you will be terminated and you will forfeit your commission.

Thank You,

Christopher Arco
1st Nationwide Mortgage
(949) 837-8080 x 313
(815) 572-9222 fax

From: xxxx <@hotmail.com>

Date: Mon, 1 Mar 2010 21:09:29 -0500

To: Chris Arco<ca@1stnwm.com>; Janeese Aguirre<janeese@1stnwm.com>

Subject: xxxxs / Payment


This report was posted on Ripoff Report on 04/14/2010 03:56 PM and is a permanent record located here: http://www.ripoffreport.com/r/Chris-Arco-1st-Nationwide-Mortgage/Internet-California-92656/Chris-Arco-1st-Nationwide-Mortgage-scam-artist-mortgage-loan-Internet-California-593300. 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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Updates & Rebuttals

#1 REBUTTAL Owner of company

Response to Disgruntled Agent

AUTHOR: 1st Nationwide - (United States of America)

We, at 1st Nationwide will feel that we need to address this untruthful post. Written by an unethical employee, Ed J. James. who was let go because of her own violation of policies and


The following will address the malicious statements that were posted:

1. There were Not any other people involved, Only YOU

2. You were Not defrauded

3. We did Not need to put loans thru other companies. We were a licensed Broker

in your state at the time. You however YOU did not have the required Loan Officer

license needed in your own state. This is why we referred the to another loan


4. You were made well aware of this from the beginning and even contacted John

Cole at CLR directly, threatening him and his company as well as licensing

agencies. He explained as did I, that the file was in QC and he did not release

a check at the time. He also explained that 1st Nationwide was not to blame.

5. I was never employed by the other company- so I couldnt be fired

6. The email to you also explained the situation above and warned you about

contacting or other venders or Referral partners and making threats

This is a simple post by a disgruntled agent that was let go because of his violation of policies and lack of skills.  Considering his history, and unprofessionalism, he simply did not fit in. 

Also to consider that we have hundreds of clients that have not posted anything on here about us in a negative way.  That is what people should be focused on when evaluating our company and services.
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