Results 1 to 25 of 25
Threaded View
-
06-10-2018, 04:35 PM #4Karen37aGuest
There are numerous algorithms and considerations that go into Funding merchants. One of them being the broker or iso who submitted it.
If you were to give 1 million dollars for funding...who would you give it to,? To have a reasonable certainty that not only will you get it back but you will make a profit. Woulld you allow a new broker to fund 10 million dollars into your business not kowing if they are going to stab you in the back by stacking them until they default or send them off to debt relief?
Some funders will take files from people on purpose, some files were submitted and didnt make the underwriting guidelines and die..or some are funded 45 days later.
The answer to this is to join an established Iso who can help you with the files, let them mentor you...you will have a higher closeing ratios
( most will not do this because they think they can do it on their own, they were advised to do this as well by brokers who are loooongg ggone out of the industry)
Batter up....next brokers to the plate...lots of used ucc leads to go around. Get your w/2 salary savings ready
Similar Threads
-
MCA Operations & Underwriting
By Esteban2000 in forum PromotionsReplies: 2Last Post: 05-01-2018, 07:52 AM -
What's the avg underwriting fees on mca
By golf2014 in forum Merchant Cash AdvanceReplies: 13Last Post: 08-03-2017, 03:45 PM -
Director of Underwriting
By wheelock123 in forum Help WantedReplies: 0Last Post: 07-02-2015, 02:56 PM -
Underwriting services
By cdg in forum Help WantedReplies: 0Last Post: 06-26-2015, 02:43 PM -
Underwriting Major MCA Lenders
By AK723 in forum Merchant Cash AdvanceReplies: 3Last Post: 01-07-2014, 03:38 PM