End of the month funding frenzy
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  1. #1
    Quote Originally Posted by CraaaCraaa Radio View Post
    National Funding with the 15 month terms and opportunity for 20 PT upsell, at a 1.15 buy rate.
    Wow... Never seen an offer like that. Curious as to what that merchant looked like...

  2. #2
    Senior Member Reputation points: 49585 CraaaCraaa Radio's Avatar
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    Quote Originally Posted by StipMeBabyOneMoreTime View Post
    Wow... Never seen an offer like that. Curious as to what that merchant looked like...
    Wow that may be the reason your losing out on alot of funding opportunities.

    It may behoove you to reach out to National
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    Quote Originally Posted by CraaaCraaa Radio View Post
    Wow that may be the reason your losing out on alot of funding opportunities.

    It may behoove you to reach out to National
    We dont work with National. Plenty of other shops are better. Ive never lost a deal to national. In fact have stolen Refis from them.

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    Quote Originally Posted by StipMeBabyOneMoreTime View Post
    Wow... Never seen an offer like that. Curious as to what that merchant looked like...
    bwahahah 1.15 buy rates and 20 point upsells! are people this gullible . so the broker will make more than the funder on each deal without taking any risk? if that business model actually existed the mca would be out of business by end of year. just remember folks, 99% of what you hear is BS and 1% truth. Keep your minds open

  5. #5
    Senior Member Reputation points: 49585 CraaaCraaa Radio's Avatar
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    Quote Originally Posted by fundingsmbs View Post
    bwahahah 1.15 buy rates and 20 point upsells! are people this gullible . so the broker will make more than the funder on each deal without taking any risk? if that business model actually existed the mca would be out of business by end of year. just remember folks, 99% of what you hear is BS and 1% truth. Keep your minds open
    You clearly must be buying leads from a garbage lead source and never see 1st position A Paper to speak this way. You actually sound foolish, and obviously clueless
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  6. #6
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    Quote Originally Posted by CraaaCraaa Radio View Post
    You clearly must be buying leads from a garbage lead source and never see 1st position A Paper to speak this way. You actually sound foolish, and obviously clueless
    I have seen plenty of 1.15's under 12 months but not 12-15 months often. There are also origination fees/processing fees that actually raise that effective rate as well. A 2.5% origination + 1.15 becomes on a sample $50K deal more like a 1.18 and higher if there are other fees outside originations. And it's fair to mention that on renewals, if you read your schedule A's, your commission usually will be cut by 30-50% from most A funders. But maybe you stack your funders and don't care about the renewals anyways, so , only mentioning new payouts is of concern.

    And based on the above grammar lesson, I heard you can win a Hooked on Spelling kit this month if you fund $1M @ 1.15 @ 15 months @ 20 point upsells! Go get em craa craa !

    hookedspelling.jpg
    Last edited by fundingsmbs; 04-08-2018 at 01:48 PM.

  7. #7
    Senior Member Reputation points: 49585 CraaaCraaa Radio's Avatar
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    Quote Originally Posted by fundingsmbs View Post
    I have seen plenty of 1.15's under 12 months but not 12-15 months often. There are also origination fees/processing fees that actually raise that effective rate as well. A 2.5% origination + 1.15 becomes on a sample $50K deal more like a 1.18 and higher if there are other fees outside originations. And it's fair to mention that on renewals, if you read your schedule A's, your commission usually will be cut by 30-50% from most A funders. But maybe you stack your funders and don't care about the renewals anyways, so , only mentioning new payouts is of concern.

    And based on the above grammar lesson, I heard you can win a Hooked on Spelling kit this month if you fund $1M @ 1.15 @ 15 months @ 20 point upsells! Go get em craa craa !

    hookedspelling.jpg
    Apparently as newbies we all can clearly see that the average deals you fund each is 1-2 deals monthly.

    Typing from your cell phone you can have many errors.

    What is your excuse for the lack of funding deals?
    Sean Murray offers a training for MCA. I highly advise you both get certified. As you both from your responses are clueless
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  8. #8
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by fundingsmbs View Post
    bwahahah 1.15 buy rates and 20 point upsells! are people this gullible . so the broker will make more than the funder on each deal without taking any risk? if that business model actually existed the mca would be out of business by end of year. just remember folks, 99% of what you hear is BS and 1% truth. Keep your minds open
    Dude for A Paper Files - Getting 1.12-1.1.15 is common and off course you can easily upsell it to 15-20 points.
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

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    Quote Originally Posted by fundingsmbs View Post
    bwahahah 1.15 buy rates and 20 point upsells! are people this gullible . so the broker will make more than the funder on each deal without taking any risk? if that business model actually existed the mca would be out of business by end of year. just remember folks, 99% of what you hear is BS and 1% truth. Keep your minds open
    I’m sure they’re citing National Funding. Their model seems to do quite well.

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