[WestCoastFunding]

Does the iso agreement just say 25 percent to cobroker deals or specifically the funder you are sending it to? Most isos, unless they are new, have agreements with most of the common name companies out there. Diluting commissions to 25 perc of what you make wouldnt make sense for most isos. l

Yeah, they are pretty much preying on newbies. Essentially, you can send them over a clearly unfundable deal, and they'll come back with a preapproval within hours. Then you have to have the client pay the upfront fees (appraisal, title search). Once they issue a decline (after the fees have been paid) they'll then say, "we can get the client unsecured financing." And the "unsecured" financing is just WBL brokering-out the deal to other cash advance companies. Something any broker can do on their own (at full commission).
Amazing company.