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  1. #1
    Senior Member Reputation points: 5479
    Join Date
    Apr 2017
    Location
    Dallas
    Posts
    183

    Submitted a deal friday
    Approved Monday
    callled to confirm offer (confirmed)
    Sold offer to Merchant
    Requested contracts
    Five Mins Later I get Decline email saying. Risk department has declined this
    I called to confirm. I was told the industry is shakie and the rep is stuttering while he is telling me this
    This Industry is not shakie on my end. He should of said it was windy to go along with your Kite
    I will not be sending another deal to them

  2. #2
    Senior Member Reputation points: 51665
    Join Date
    Mar 2016
    Posts
    657

    Quote Originally Posted by Nikkiclean06 View Post
    Submitted a deal friday
    Approved Monday
    callled to confirm offer (confirmed)
    Sold offer to Merchant
    Requested contracts
    Five Mins Later I get Decline email saying. Risk department has declined this
    I called to confirm. I was told the industry is shakie and the rep is stuttering while he is telling me this
    This Industry is not shakie on my end. He should of said it was windy to go along with your Kite
    I will not be sending another deal to them
    What's the industry?

  3. #3
    Senior Member Reputation points: 5479
    Join Date
    Apr 2017
    Location
    Dallas
    Posts
    183

    Logistics
    I get the decline. I dont get the approval and then a decline after requesting contracts. I dont have lenders in my matrix that get down like that. so its a little uncomfortable

  4. #4
    Senior Member Reputation points: 51665
    Join Date
    Mar 2016
    Posts
    657

    Quote Originally Posted by Nikkiclean06 View Post
    Logistics
    I get the decline. I dont get the approval and then a decline after requesting contracts. I dont have lenders in my matrix that get down like that. so its a little uncomfortable
    At least they didn't decline it after you sent back signed docs. I could always get over a decline on the front end. Not that I'm promoting that you should or shouldn't do business with them (I'm a competitor), but it seems a little harsh that you're dropping them as a funder for declining the deal after a 2nd look at the file.
    Having said that, if you're looking for another Funder to fill the gap, let me know

  5. #5
    Senior Member Reputation points: 5479
    Join Date
    Apr 2017
    Location
    Dallas
    Posts
    183

    Maybe your right if there was a short in lenders. But there isnt and I could work with all of that. What I can not work with is the reason which was

    The Industry is shakie <<<<<

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