Results 26 to 50 of 146
-
05-08-2018, 09:34 PM #26
I received a file from them yesterday & one today: I must admit it is a very clever/original way to safely get offers/files in front of you. I am submitting a couple files tomorrow to see how it goes
Gómez Capital Funding
Richard Gómez~Director of Funding
12555 Biscayne Blvd
North Miami, FL 33181
917.600.5647 Mobile
305.320.7125 Office
305.513.5735 Fax
Richard@gomezcapitalfunding.com
www.gomezcapitalfunding.com
-
05-08-2018, 10:25 PM #27
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
-
05-08-2018, 10:31 PM #28
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
Gotta give fundingfloor props for answering any and all questions like a pro.
Douchebags like “Dan Coleman” should take note.
-
05-09-2018, 09:12 AM #29
Reputation points: 221417
- Join Date
- Feb 2017
- Posts
- 3,359
-
05-09-2018, 09:18 AM #30
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
This has been tried before..... just so everyone knows
Didnt last long.
Hopefully they figured out the secret
Making it worth it to broker and funder....and remaining profitable
-
05-09-2018, 09:39 AM #31
Reputation points: 302470
- Join Date
- Jun 2015
- Posts
- 3,313
-
05-09-2018, 09:42 AM #32
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Thomas Edison failed 1,000 times. Look how he ended up!
-
05-09-2018, 09:44 AM #33
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
-
05-09-2018, 09:45 AM #34
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
How do you determine who is a legit funder or not? What’s to stop a broker that white labels to list as a funder?
-
05-09-2018, 09:48 AM #35
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
-
05-09-2018, 09:51 AM #36
Reputation points: 30747
- Join Date
- Aug 2016
- Posts
- 486
-
05-09-2018, 09:52 AM #37Karen37aGuest
you do not know what Richard does or does not do ( yet you are always sticking up for fraudsters)
he has an extensive background in financial services/investments, so again...he may or may not have his money in deals ( I am not sure what he is currently doing either. I know he has the ability to do it)
-
05-09-2018, 09:58 AM #38
Reputation points: 30747
- Join Date
- Aug 2016
- Posts
- 486
What good does that do? Wouldn't that just waist everyone's time?
Or is there a method to that madness?
Bait the merchant in, hook them on the line, pull & fight to tire them out, then reel them in easy.. (offer them another product, higher rates, but they just accept it because they have been beaten & are tired of fighting)???Last edited by Winning; 05-09-2018 at 10:01 AM.
-
05-09-2018, 09:59 AM #39
Reputation points: 302470
- Join Date
- Jun 2015
- Posts
- 3,313
The issues i see more than how you see who is a legit funder is how do you control the flip . brokers that were cut off from lenders will send deals thru them . take the money and run . lenders claws back let say 100k commission and than you try getting it from xx company and they are gone leaving you losing 100k .(i was told thru a grapevine that is what happened to one of the companies that did it )
Other issue was the timing were you send it in and than someone needs to processes it and put all info for lender to than processes and give approval . it puts a delay on the deal or gives you fake approvals .
Next your whole renewal book is in someone else control like you are a rep .
-
05-09-2018, 11:47 AM #40
Reputation points: 337126
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,461
-
05-09-2018, 12:41 PM #41
Reputation points: 13031
- Join Date
- Jun 2014
- Posts
- 540
How is this different from FUNDERS CLOUD? Anyone heard from FUNDERS CLOUD lately?
-
05-09-2018, 01:30 PM #42
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Lendersbox.com also has a similar model
-
05-09-2018, 01:48 PM #43
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
Funderscloud, Lendersbox, theres been a lot
-
05-09-2018, 02:35 PM #44
Reputation points: 50583
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
I got hit up a few times about this yesterday and didn't even see the thread until last night. What did I do? I researched and reached out to the Owner. I am still doing my due diligence here but let's stop before the f*ckary starts.
Funderscloud... what 2014? FC had the right idea. I was on the phone with Schapiro until I wound up being at his office and manning the backend for a bit. It didn't last long as not even a month? later they up and moved to CA. Now, I will say that time I manned the backend - NO MATTER the tech involved - it was a sh*t show. Right before I left they took away the rights for the Broker to pick and chose who to send the file to. It pretty much was like "Thank you for your submission" and I was in the backend seeing it and the Brokers... were PISSED. I see why they did it- it was because the Brokers were circumventing and going directly to the Funder - not wanting to deal with the % taken off of their commission and a lot of the Funders felt they didn't have a chance or it wasn't fair... whatever the case- the system brought deals but it also disrupted the ways things were normally sent to Funders via way of a "one submission" rather than email it out to the world. The funders would then have to go to a different system too to pick up the deal so if they didn't catch it in time... Where is Funderscloud? Fundomate?
Lendersbox now... Where is lendersbox? Checked the site- it's still up. Lendersbox... Kota? Lendersbox wasn't put out there for everyone to use and I really don't know many who have seen the backend. It was tested and used by the Companies own origination? broker? but it did not launch up for ISOs as planned.
There have been MANY. There are super important pieces that are needed and are missing and won't be completed until ________________________________________________. That's all I am going to say. I think Funding Floor has the right idea by not getting in the way of the deal or sales commission... but there are 100 other factors that need to be checked off of the list that cannot be done by ways of attack lol.Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
-
05-09-2018, 02:40 PM #45
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
LOL, Everyone knows Sam.
Ive seen the backend and functionality of lendersbox - it was kinda nice....
but....
The numbers just dont work. In order to do it right..... the platform would need to pull credit, run background, do everything and compile for lenders.
Then still take enough money from lender/broker per deal to cover expenses. all that upfront cost for deals that wont close adds up.
If they dont get in way of sales commission then the lenders have to be paying - someone has to offset the cost... and it needs to be beneficial.
its not IMPOSSIBLE. But will require heavy backing and relationships
-
05-09-2018, 02:49 PM #46
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
-
05-09-2018, 02:49 PM #47
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
-
05-09-2018, 03:04 PM #48
Reputation points: 50583
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Can I just come out and say it? Don't take offense Direct Funders and Lenders that are in the "good" pile here.
Funders are soooo thirsty right now. Send me deals - sign up with me - sending out ISO agreements before they even talk to you. BAD. Let's not even get into that.
In a perfect world an application would go through and a funder would review and give an answer fund... but there is more than that.
Now it's -
WHO IS THE ISO ON THE FILE?
What positions have they had before? With who? No we don't take merchants who funded with ......
The credit report shows they shopped in December we're declining the file.
Just a taste of the "little" pieces of BS that the Broker has to deal with when working to get a file done - EVEN if they are representing the business and have all answers to questions. Funders are battered and torn and some people in this space have had some things happened to them that make a HUGE UNFAIR ADVANTAGE to the Merchant - and the ISO. Being very picky about the Direct Funders and Lenders have a lot to do with it- but also the ____________________________________________ and the ___________________________________________.Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
-
05-09-2018, 03:36 PM #49
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
There's a lot of trust and cooperation needed to make this type of model work. Just isn't realistic in today's cutthroat environment.
-
05-09-2018, 04:11 PM #50
Reputation points: 337126
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,461
Similar Threads
-
Floor Plan Financing
By John Smith in forum Merchant Cash AdvanceReplies: 10Last Post: 01-25-2018, 03:08 PM -
Great file! Truck sales with floor plan needs second position over $100k
By Princess in forum Deal BinReplies: 2Last Post: 01-25-2018, 11:21 AM -
Looking for finace on an Auto Floor plan.
By phantompip in forum Deal BinReplies: 0Last Post: 07-21-2016, 01:57 PM -
Who Needs Leads? Inbound calls direct to your floor from TV Ad! Start Today!
By MerchantCashLeads in forum PromotionsReplies: 0Last Post: 06-06-2016, 10:33 AM -
Floor Rate?
By fundgorilla in forum Merchant Cash AdvanceReplies: 28Last Post: 08-29-2014, 05:22 PM