[MTY MSI]

If you are a small ISO or independent broker do you pull a credit bureau on the owner(s) and/or a D&B report before you submit a deal?

[ygs]

If you are a small ISO or independent broker do you pull a credit bureau on the owner(s) and/or a D&B report before you submit a deal?

Definitely,
1: You can see who has it already and not submit to those who may have received the deal, thus getting a decline plus risking the lender reaching out to the ISO letting them know the merchant is shopping (which they usually are)
2: More importantly, not to waste the UW time sending deals that will be declined straight out
3: Gives you a chance to ask the merchant about Tax liens...etc
4: And as always for the doomsday Sayers, the more you send out a deal the greater a chance it will be shopped out/stolen thus only send it to lenders who fit the credit criteria ( I know why send to lenders whom you suspect steals deals...welcome to the industry)