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05-09-2018, 09:59 AM #11
Reputation points: 307559
- Join Date
- Jun 2015
- Posts
- 3,322
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 .
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