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Shorebird has a good one.

https://debanked.com/2023/02/reliant-funding-shifts-gears/ Pretty funny. Poor decision making

let him keep dreaming. or have him buy a private practice and the seller carry the note

2nd-5th is my bread and butter, id love to chat

What’s your contact info? I’m interested in the position

Credit Card Split Funding ( Lock-Box) may be an option without them changing processors. 1st Position Only No UCC Filing No PG

most of my friends who are directors or iso managers are making $150-200k a year in income. they not only bring in the isos (top isos in this industry), but, they fund millions per month. they get a salary + % on new and a % on renewals and no, clawbacks for a w-2 is not the norm. a forward facing position that has lots of contacts and knows this business and how to manage isos is invaluable. now if your a start up funder or part broker part funder , you prob cant afford what the big boys pay isos managers but good luck finding a really good experienced iso manager on a shoestring budget

If the name of the business starts with a C then I can do it.

SAMSON FUNDING WE FUND BIG DEALS ALL THE TIME 1m plus reach out me to get your big deals funded

We're maxed out at 500k but we can fund 8 of them for you ;-)

Clawbacks suck, I get it. Out of 10 defaults, around 3-6 are blaming deceptive broker practices. Ranging from PSF's to promise of a LOC, or even promising a triple funding scenario that failed and then disappearing in the Merchant. (Granted, some of those resume payments or at least work with the funders) The rest are either shady Merchants or Merchants that bit off more than they can chew. What should the funder do in the case that a deceptive broker caused the default? I'm clawbackin' yo ass.

so then no one should get CB - not even the broker

Wait, why would the blame be put on the UW? What if everything checks out on the deal and he simply goes ghost? That's the UW fault?

LG, Kalamata, Greenbox, TVT for larger files, IOU are all solid 2nd position lenders. For deals over 1M on a second, VOX, TVT & Libertas should be great options to go with for the bigger deals.

how can iso rep be clawed back? they dont uw the deal - why should they be affected by the uw performance

This is accurate. I worked for a funder that paid 1 point up front and another point in the back end to eliminate clawbacks. When I worked at WBL, they paid a percentage of the revenue that would be generated from the deal, so commission was heavily affected by buy rate.

Haha possibly, but we're better funded :cool:

idk abt Merc and Maison but for sure apex and fiji also how is LG not on this list?

rapid, delta ufs

big a paper shops - reps get paid a very small % but they usually do huge volume. smaller shops - prob make 1.5-3% on deals (can be guaranteed points or based on O fee) most places wont clawback internal - there is enough shops that need reps vs the other way around that the reps can ask for no clawback also bad for morale if trying to run a good shop when you claw back iso rep