The Funding Floor?
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  1. #7
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    I had this idea a while ago.

    It only works if you actually do a credit pull, check for defaults, do everything.

    Which is going to be too costly.

    Then you run into lenders who use different systems, so then what, you have to pull the same thing on multiple platforms?

    If you dont do EVERYTHING to the lenders satisfaction - you will run into a lot of declines at closing...

    Which will piss brokers off and kill deal flow

    In theory its a great idea, and I hope you can work out the kinks....
    Last edited by ryan $; 05-08-2018 at 03:25 PM.

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