Background check
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  1. #1
    Senior Member Reputation points: 107104
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    Aug 2016
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    Background check

    What are lenders/funders views on doing a background check on brokers as they do on merchants? Also are you open minded to different stories that are made up or true behind it or not?Is there a different set of rules for brokers and merchants?
    I will also will like to hear from broker shops. For me it was a no brainier to do them before hiring.Our industry had an extremely sad story a couple of months ago that happened with someone that did have a past.
    (please no names so we do not get this thread taken down)

    Thank you

  2. #2
    Senior Member Reputation points: 99426
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    I undergo background checks to be a credit card ISO. I'm 100% for it.

  3. #3
    Senior Member Reputation points: 158630
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    Jul 2015
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    Most funders couldn't care less about broker backgrounds - or the well being of brokers in general. It's all about submissions. Period.

  4. #4
    Senior Member Reputation points: 305505
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    Ricky i believe in the check but i will be shocked if you have any lender that will actually have the cojones to come on here and say yes we dont give a damn as long as they send a submissions.

  5. #5
    Background checks need to be MANDATORY. No excuses after what we just saw with Cops Episode 8 Season 14 Mugshot edition yesterday.

    Anyone agree or disagree?

  6. #6
    Senior Member Reputation points: 203690
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    you can come home from a long vacation paid by the state and next morning be signed up with lenders submitting...so yea I think background checks are good idea

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