I came across a critical review of Opes Advisors on a Scam Reporting website – DirtyScam.com, titled ‘The Loan Process Was Very Painful’.
DirtyScam allows anonymous submission of complaints from angry consumers and victims of scams. Since the website is hosted offshore (probably in Russia or India), we take this (negative) review against Opes Advisors with a pinch of salt.
Here is what the review says –
I started the loan process with Mary Niles because my realtor told me that only two realtors would write loans for the co-ops that I was trying to buy.Well, long story short I did not buy the co-op but decided on a condo and since I had already started with Mary I decided to stay with her and Opes Advisors since I was approved with them already and was told she was a local ‘expert.Well, that was my mistake. She is apparently a novice certainly not an expert.She did not know what an ELOC was. When I told her what it was she said Oh, we call those loans HELOC.Hello? The loan process was very painful. Documents had to be sent several times because shed lose track of them.She made several comments that were totally off the wall incorrect. You can not talk to your underwriter.OPES Advisors rates are a full one percent higher than competitors.Their fees are higher too so look for another lender and save yourself some stress as well as lots of money.They immediately sold my loan to Wells Fargo (also ick) and yet they continue to send me bills!
In case you don’t already know (assuming you came to this page by Googling ‘Opes Advisors scam‘, or ‘Opes Advisors review‘, Opes Advisors is listed under the category Business on DirtyScam.com.
Here is the rest of the contact information for the sole purpose of identification –
- Address: Pacific Avenue San Francisco CA 94133
- Phone: (415) 355-0000
- Website: http://opesadvisors.com
- Severity of Scam: Medium [not sure what it means]
- Reported Loss: 2332 $ [unsubstantiated]
- Reported by: Anonymous [obviously]
The entity Opes Advisors was awarded 2 / 5 Stars based on 2 Reviews.
It is difficult to ascertain whether Opes Advisors is a Scam, or Legit, based on this single review. In the coming weeks/days, I will try to research deeper into Opes Advisors, analyze and list more critical reviews and identify a pattern (or lack of) to substantiate the claim mentioned above.
Regardless, until then, we give the benefit of doubt to the reviewer and list Opes Advisors as someone you need to avoid (for now).
If you have any grievances, complaints, or anonymous tips against Opes Advisors, please contact us immediately. If you have lost money to Opes Advisors, together we can work to recover your loss.