[Karen37a]

When you say "brokers" are shopping the information out. Which brokers do you all think are shopping these out?

It's the FUNDERS who sent a deal to another funder and didn't let the broker who submitted know that they did it 50% of the time.

Or someone setting up shop as a Direct funder when they are not OR certain funders only having X amount of money to fund for the month and sending the balance of the applications out within a few days or not waiting 14 days 30/60 days.

The Isos/Brokers have been playing a nasty game of "hold on to your file" while they get passed and the rate gets dropped behind their back.

The chatter you are hearing about is some Funders and their inside sales team...not outside brokers/isos?...and they have always done it, people were yelling on here " I was backdoored" for a few years now....they are just getting caught more because there are fewer applications and when brokers send in an application they are realizing when it slips through the cracks because they need the money

That and people /brokers breaking their non compete agreement when they leave a company ( this has been going on for decades)

Whats new and what I experienced in this industry specifically is fending off the backend brokers trying to backdoor you before 14-30 days