Report: #480245

Complaint Review: Zack Jabro

  • Submitted: Sat, August 15, 2009
  • Updated: Mon, February 13, 2012
  • Reported By: Available for Interviews and details — Troy Michigan USA
  • Zack Jabro
    7031 Orchard Lake Road Suite 201
    West Bloomfield, Michigan
    United States of America

Zack Jabro Elite Financial Home savings of America Health One Credit Union First Mortgage Corporation Zack Jabro has been taking deposits and was not allowed to under the State of Michigan Laws. Troy, Michigan

*Author of original report: Zack jabro shut down again

*REBUTTAL Individual responds: Zack Jabro (Home Savings of America)

Show customers why they should trust your business over your competitors...

Zack Jabro has had an Elite Financial LLC as a company through the state of Michigan since 2006.  He was not licensed by the state of Michigan to do mortgages with this companies name.  Since he was not licensed to do mortgages he was not allowed to take deposits.  Do you think that stopped him from being a greedy slime ball?  NOOOO.  He took by my best guess at least $150,000.00 of unwitting consumers deposits.  He then took the money and did another no no and "Laundered" the money into a pizza franchise "Happy's Pizza". 

That's just for starters.

His automated dialing machines would block numbers so people that he is calling don't know who to report to the Do Not Call directory.  He does not buy the list for all the numbers of the areas that he is doing these loans in.  By law he needs to pay the government for each area code.  He is not doing that.  He also needs to maintain his own do not call log, which he is not doing.

According to the state of Michigan he is not allowed as Elite Financial LLC to have web sites promoting mortgages.  Did this stop him? NOOOO

If you are one of the consumers that was taken by this man or company please report him to the STATE of MICHIGAN,1607,7-154-10555_12902_12907---,00.htmlso  or your local state so that he gets shut down.

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This report was posted on Ripoff Report on 08/15/2009 12:09 AM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Author of original report

Zack jabro shut down again

AUTHOR: Ex Elite employee - (USA)

Home savings of America pulled the rug out from underneath this slime ball. He currently is out of mortgages......the 800-249-0080 # has a girl answering saying....."hello how can I help you". No company name no nothing. IRS is at your door and the state is right behind them. Anyone who gets in bed with this guy is going to get shut down too. I have made it my mission the rest of my life to follow him and shut down anything he gets involved in, because if he is involved in something then you know it's going to be dirty.

If zack "ofs**t" jabro fills out a branch application.......think real carefully about accepting him. Your company name will be reported to every government agency right along with him. I will contact whatever licensing agency I need to, And make sure you are shut down with him.

For all ex employees.....those fake employee contracts you signed hold no weight with the IRS. You in fact were employees and are entitled to unemployment. If he denied you can appeal and he will have to pay you unemployment.

David llewellyn, Vince elision,Claudia faranso,Renee colletti, ginger Kennedy, Steve goud, frank simonovic, Robert Johnson, Charles wadowski, Ann Marie dunn, Seth Katz, Justin Rogers, Marc salvadore, Randy jabro (brother of sack) brandie Kimble, mike hajjar, Joseph kassis, Robert antonyan,...........come on down you all should have or should be entitled to get unemployment from zack.

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#2 REBUTTAL Individual responds

Zack Jabro (Home Savings of America)

AUTHOR: Zack - (United States of America)


My name is Zack Jabro and I am the person being reported in this rip-off report. I have been in the mortgage banking industry for 12 years. In my time I have worked with thousands of satisfied clients. In regards to this story posted about me, I would like to address the facts and some specifics.

Being in the mortgage banking industry, I've had to earn my license and qualify to be a mortgage banker. I went through extensive background checks that were conducted on me just as anyone else who would be who was going into Mortgage Banking.

As far as taking deposits as this individual is claiming, he/she is pertaining to a deposit we collect as needed in order for many of our 3rd party appraisal management companies to perform an accurate appraisal report on clients homes. This is standard practice in our industry. We simply collect the appraisal fee then the appraisal is done on the client's home then we then notify them if the deal can be done. 

This gentlemen or women has done an outstanding job on this report in trying to discredit my reputation due to knowing me on a personal level and therefore having access to some of my personal life's details. If I may explain, my current and main business that I manage is Home Savings of America, which is a FDIC Insured Bank. Moving or laundering money as so claimed is impossible coming from the professionalism I myself and our entire company and organization operates within. We are regularly audited by many banks and have always had nothing but good remarks pertaining to the way our entire operation is run from the ground up. Its one of the many reasons we are currently expanding and growing our business at a time when most mortgage companies have failed or are off quite a bit from their highs years ago during the mortgage boom. We have survived through the worst and we came out stronger than ever. You can ask anyone who's done business with us and we will be happy to provide references and most all of our clients will say they were very happy with the way we serviced them. In fact most of our business now comes from referrals from satisfied clients.

Yes I do have an interest in a pizza franchise and it is not affiliated with my mortgage banking company in any way. Its a side investment I made to allow my brothers to get a business going. They own and operate that and cut me a check back due to me giving them the initial capital to get that pizza business running. I've worked extremely hard to build this mortgage company into what it is today which is a growing company with new offices that are much larger than our previous offices. That is being achieved through hard work and honesty. Plain and simple. We treat all of our customers as best we can and each customer has different needs so some clients needs will be more difficult than others, but the bottom line is we do what we say which again is why we are growing and continuing to achieve great success when the climate for this business is much tougher than just a couple years ago. Thank you for hearing my side of the story and we welcome any questions or comments anyone may have. 

To reflect on the issues the website reported, I only have one website that is used for my mortgage banking. It is only through HSOA and will continue to remain that way.

I am NOT an individual who is doing mortgage banking for the short run. I have been doing this for many years, through the high time and the tougher and more stringent times imposed by the multi national and big name brand banks that we work with and we plan to keep improving and growing our business. Please take this side of the story into consideration as I am available to be reached for further questions. If anyone has any questions or concerns to my or my company's reputation, please feel free to contact our offices and we will be more than delighted to show you our operation and answer all of your questions and let you decide for yourself if we are an honest company or not. We have nothing to hide. We do our very best to satisfy every client that contacts us and its a shame when we have a disgruntled worker go and post this anonymous post to try and discredit and ruin our reputation. 



Zack Jabro 

7031 Orchard Lake Rd.

West Bloomfield, MI 48322

(800) 249-0080

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