Everest - Stuck In Final Review
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  1. #1
    Senior Member Reputation points: 83840
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    Quote Originally Posted by FINTEGIC View Post
    Vital Cap is truly amazing and at one time accounted for 60%+ of my monthly volume. super creative to win deals.

    Everest however, they went from offers in 1-3 hours, to offers in24-48 hours. They give aggressive offers on deals others dont, but their offers went from fully vettedUW to soft offers that they kill after you sell it.

    But they do what many dont. I think their issue is they kind of moved away from the iso rep personal service to a general support thing, atleast once my rep of 5 years left.
    Have you ever considered it may be called :"Intelligent Underwriting" ?

    If you were the person signing the check - is is plausible you would write a check for $10K, $20K, $50K in 20 minutes?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  2. #2
    Quote Originally Posted by Yankeeman07 View Post
    Have you ever considered it may be called :"Intelligent Underwriting" ?

    If you were the person signing the check - is is plausible you would write a check for $10K, $20K, $50K in 20 minutes?
    I have no idea what you are getting at, As a broker, you want them to do a bit of background and actually look at the statements when they give offers so they do not die on the funding table for things that are absolutely visible even without a login.

    for instance: Everest gave me an offer 2 days ago for 60k 150p 1.32+12, I requested contracts, and they responded to the request by killing the deal with the only reasoning being :not eligible to be funded"

    soft offers suck, they waste everyones time and make brokers lose trust with new clients that they can provide the service.

    So explain what you mean yankee.

  3. #3
    Quote Originally Posted by FINTEGIC View Post
    I have no idea what you are getting at, As a broker, you want them to do a bit of background and actually look at the statements when they give offers so they do not die on the funding table for things that are absolutely visible even without a login.

    for instance: Everest gave me an offer 2 days ago for 60k 150p 1.32+12, I requested contracts, and they responded to the request by killing the deal with the only reasoning being :not eligible to be funded"

    soft offers suck, they waste everyones time and make brokers lose trust with new clients that they can provide the service.

    So explain what you mean yankee.
    So you want companies to underwrite files for you without any guarantee the file has any potential to be funded? Do you know how much time funders would waste underwriting every single file up front?

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