I have seen this asserted a number of times. Could you please explain to me why you see this as a problem?
As John of Japan correctly stated the modern definition of the word reverend is different that the Hebrew. But, if you look at the entomology of reverend you see that it comes for the word reverence.
To answer your question. I guess that my problem with using reverend is that a pastor is supposed to be a shepherd or keeper of the flock, not one to be feared or held in awe. See the entomology below of the word reverend and reverence below.
reverend
early 15c., "worthy of respect," from M.Fr. reverend, from L. reverendus "(he who is) to be respected," gerundive of revereri (see reverence). As a form of address for clergymen, it is attested from late 15c.; earlier reverent (late 14c. in this sense). Abbreviation Rev. is attested from 1721, earlier Revd. (1690s). Very Reverend is used of deans, Right Reverend of bishops, Most Reverend of archbishops.
reverent
late 15c., from L. reverentem, prp. of revereri (see reverence). From 14c. through 17c., commonly also used for reverend (adj.). Related: Reverently.
reverence
late 13c., from O.Fr. reverence, from L. reverentia "awe, respect," from revereri "to revere," from re-, intensive prefix, + vereri "stand in awe of, fear," from PIE *wer- "to be or become aware of" (cf. O.E. wær "aware, cautious;" see wary). The verb is first attested c.1300
Source for entomology
http://www.etymonline.com/index.php?search=reverend&searchmode=none
I agree with HAMel where he wrote:
Personally, I don't support the title "Reverend" as to me it's someone who desires respect from all others. I have the same problem with a man who is a Preacher/Pastor referred to as Doctor John Doe, Pastor. Is he a Doctor or a Pastor?
You can't demand respect you have to earn it.