Do MCA Lenders Pay MCA ISO's Similar To How Mortgage Lenders Pay Mtg Brokers
I am curious how does the MCA Lenders pay their ISO's Brokers, how similar or different are they from how these mortgage lenders payout their mortgage brokers? So what are the distinct differences if any between these two lending companies funding home owners vs funding businesses ?
Do MCA Lenders Pay MCA ISO's Similar To How Mortgage Lenders Pay Mtg Brokers
Easy take funded amount multiply your commission = your pay!
Do MCA Lenders Pay MCA ISO's Similar To How Mortgage Lenders Pay Mtg Brokers
honestly, with some of the buy rates you get from some of these MCA lenders nowadays, you would think they try to pay like mortgage lenders! however, in general, the commission is considerably higher. What I find is that the larger the advance, the less these lenders tend to want to pay. they'll approve the deal, but then at times, the max commission is 4-5 pts... -__-
If you have yourself a $500,000 deal, wouldn't it be nice to make a 12pt commission on it? The factor rate is the usual 1.36-1.40 but you'll get hit w/ one of those okey dokes "you make 5 points on this deal, Joe..."