[TheShitzuofMCA]

again my initial post was simply to have anyone with experiences with the lenders iam currently set up and to know who they knew for sure back doored my mistake was added that i have a+ paper that goes to the waste side because they dont want mcaif there was an alternative product

so to be crystal clear

if you have any info on the lenders i have good or bad please pm me not looking to make it public

but i see most people do not understand that and are flooding my pms with i wont back door and i offer etc... when i kindly reply that iam not interested instead of just ignoring you theres no reason to call me out and ask if iam serious im sure the second i gave you the shop name you wouldnt stop so please i have been nothing but nice to people but take a step back TY

Well Ill wait for a reply then. I think some were actually trying to help you.

[NoBigDeal]

Well Ill wait for a reply then. I think some were actually trying to help you.

Agreed. Same here. I also understood the post the way ajequitymatt did.
Just looking to help if there's a need

[BROKER TIME]

Agreed. Same here. I also understood the post the way ajequitymatt did.
Just looking to help if there's a need

no worries again ill accept blame for maybe not being clear

[ajequitymatt]

Agreed. Same here. I also understood the post the way ajequitymatt did.
Just looking to help if there's a need

Yes just looking to help. When I was a broker one thing I absolutely hated was spending time and money on a lead that ended up being easy commission for someone else.

[Karen37a]

again my initial post was simply to have anyone with experiences with the lenders iam currently set up and to know who they knew for sure back doored my mistake was added that i have a+ paper that goes to the waste side because they dont want mcaif there was an alternative product

so to be crystal clear

if you have any info on the lenders i have good or bad please pm me not looking to make it public

but i see most people do not understand that and are flooding my pms with i wont back door and i offer etc... when i kindly reply that iam not interested instead of just ignoring you theres no reason to call me out and ask if iam serious im sure the second i gave you the shop name you wouldnt stop so please i have been nothing but nice to people but take a step back TY

I do not have any animosity towards you. You kinda threw yourself into the gladiator pit with sand and a rock for a weapon.

How can you trust the advice of people who are giving you information? Here is mine anyway.

Understand the algorithms and underwriting guidelines and how they apply to the files...then and only then you will be able to decipher if you are being treated fairly or not.
Watch your approval ratios and your closing ratios and if they are way off trying to analyze the reasons why.

Is their a disparity between companies?

Rethink your marketing strategies and adjust to max out profitability not just for yourself but for the funder.
Ask people who their favourite funders are and why...everyone has a different opinion.

This backend part of underwriting and funding is the reason some Isos Brokers are valuable....as an example...you cant expect to walk into a lawyers office every day and get advice for free...the clock starts ticking and you get charged hourly for the advice.

All of these things are solved by getting a mentor or a brokers broker or Super iso above you, who will have skin in the game and a reason for coaching you...or just read past posts or learn from experience

[StealMyDeal]

On deck - INTERNAL SALES TEAM WILL STEAL YOUR FILE
Strategic
Can capital
Quarterspot
Principis
Iou
1st global - THEY MEAN WELL BUT HAVE LEAKS AND HAVEN'T FULLY PLUGGED THEM YET
BFS - BACKDOOR SHOP
Expansion capital
Uplift capital - HAS RELATIONSHIP WITH ONE OR MORE BROKERS SO CAVEAT EMPTOR
In advance
Lendini
Mantis - BROKERS OUT
Yellow stone - MIGHT AS WELL POST YOUR MERCHANT'S CELL AND EMAIL ON A ****ING BILLBOARD IN TIMES SQUARE

[BROKER TIME]

On deck - INTERNAL SALES TEAM WILL STEAL YOUR FILE
Strategic
Can capital
Quarterspot
Principis
Iou
1st global - THEY MEAN WELL BUT HAVE LEAKS AND HAVEN'T FULLY PLUGGED THEM YET
BFS - BACKDOOR SHOP
Expansion capital
Uplift capital - HAS RELATIONSHIP WITH ONE OR MORE BROKERS SO CAVEAT EMPTOR
In advance
Lendini
Mantis - BROKERS OUT
Yellow stone - MIGHT AS WELL POST YOUR MERCHANT'S CELL AND EMAIL ON A ****ING BILLBOARD IN TIMES SQUARE

thank you this is all i was looking for

not someone to say they they are direct lenders offering me 1.89 10 day terms

[Karen37a]

thank you this is all i was looking for

not someone to say they they are direct lenders offering me 1.89 10 day terms

I didn't go to on-deck for the same iso contract reasons

on these boards

Yellowstone has been good to me..Anthony
Rapid is on these boards and paul from quicksilver.....and cooper asset

there are more

I do not give out all my secrets...makes more competition

[BROKER TIME]

on deck is top notch in my book we do alot of biz with them never have an issue
but that may be also because from offer time to me getting the merchant to sign doesn't take much time

[Karen37a]

on deck is top notch in my book we do alot of biz with them never have an issue
but that may be also because from offer time to me getting the merchant to sign doesn't take much time

Great...so you have your answer for A plus paper...btw the bait and lure was masterful...I can tell you can sell...not many saw it.

So you want to know where to go to get 3-5 years? Or how to get to Venture Capital, hard money...low rates?

[fundingsmbs]

On deck - we don't work with. didn't like their ISO agreement and policies on renewals
Strategic - have had issues with renewal dept not responding to emails and have seen very poor communication on eligibility.
Can capital- have had zero issues but its a new relationship so time will tell
Quarterspot - no idea never use them
Principis - too tight on UW, so, not much history there .
Iou- never used them
1st global - never used them
BFS - no clue but have read enough on these forums
Expansion capital- never used
Uplift capital - never used but thought they were more of a broker.
In advance - no clue
Lendini - somewhat decent experience but not on renewals
Mantis - never used
Yellow stone - no clue

[BROKER TIME]

On deck - we don't work with. didn't like their ISO agreement and policies on renewals
Strategic - have had issues with renewal dept not responding to emails and have seen very poor communication on eligibility.
Can capital- have had zero issues but its a new relationship so time will tell
Quarterspot - no idea never use them
Principis - too tight on UW, so, not much history there .
Iou- never used them
1st global - never used them
BFS - no clue but have read enough on these forums
Expansion capital- never used
Uplift capital - never used but thought they were more of a broker.
In advance - no clue
Lendini - somewhat decent experience but not on renewals
Mantis - never used
Yellow stone - no clue

thank you for your rundown greatly appreciated

[ryan $]

On deck - we don't work with. didn't like their ISO agreement and policies on renewals
Strategic - have had issues with renewal dept not responding to emails and have seen very poor communication on eligibility.
Can capital- have had zero issues but its a new relationship so time will tell
Quarterspot - no idea never use them
Principis - too tight on UW, so, not much history there .
Iou- never used them
1st global - never used them
BFS - no clue but have read enough on these forums
Expansion capital- never used
Uplift capital - never used but thought they were more of a broker.
In advance - no clue
Lendini - somewhat decent experience but not on renewals
Mantis - never used
Yellow stone - no clue

I dont understand how you can have not worked with some key key lenders.

Also... Uplyft lends direct - with really compettive buy rates

[StealMyDeal]

I dont understand how you can have not worked with some key key lenders.

Also... Uplyft lends direct - with really compettive buy rates

If you're gonna shill, you should disclose any reciprocal relationship/arrangement

[ryan $]

If you're gonna shill, you should disclose any reciprocal relationship/arrangement

Nothing to disclose, what do I get 10 bucks everytime i mention something positive? Ill say positive or negative about a lender based on my experience.

Ive known Massa for maybe 12 years. I know they lend direct and have their own platform and allow for syndication.

[BROKER TIME]

one of the funders i was looking to cut off that keeps getting bashed here just funded a nice sized deal FOR me and quick ugh they kept me on the hook

[Karen37a]

* first person talks loses the sale...the reverse bait and lure with the half twist **

Have a great weekend all

[BROKER TIME]

* first person talks loses the sale...the reverse bait and lure with the half twist **

Have a great weekend all

that means no more responses till after 7/4 how will my day pass =(

[Karen37a]

that means no more responses till after 7/4 how will my day pass =(

You tossed it out there lol...I would hit one of my brokers in the head with a rubber stress ball if they jumped like that

have fun...

[Karen37a]

And why I warned people that they were going to have their book of business taken from them or sold and then get a dear john letter and the ones who fought me to death...got their book taken

and why I give examples of ...back in the 80s when I saw the first book taken....back in the 90s when I saw another one taken...and another and another


And why said say ...5 % are going to make it...leave the 5 % alone...you are getting the other 95% book anyway

So the ones who dont care are not building a book...so have at it with the defaults

[EBLM]

These brokers call our seeded application #:

Gold Standard Funding 470.588.5181
First Class Advance (718)267-2861
AFG Funding Capital (305)857-6956
Diamond Elite Holdings (917)334-7374
Fast Advance Funding (267) 866-7014 MATTHEW HANCOCK | SENIOR UNDERWRITER

[mcaguru]

I have one of the largest Funding houses in the country who claim they use a swervice that stock brokers use to check is there brokers are stealing clients (by making fake clients or etc) and claims Mantis passed the test each time and thats why they use us ! for the B-ZZZ paper!

[BROKER TIME]

Mantis has always paid on renewals even when the merchant reaches out to them so kudos for that!!

However you guy decline alot of files in underwriting for the dumbest reasons after the merchant has done coj contracts and the like

[mcaguru]

Mantis has always paid on renewals even when the merchant reaches out to them so kudos for that!!

However you guy decline alot of files in underwriting for the dumbest reasons after the merchant has done coj contracts and the like

Firstly thanks for that FACT..We pay ISO's even when the emails bounce and i find out they are now selling amway...when you get a decline for a reason you believe is NOT correct please reach-out to me. bizdev@mantis funding.com

[BROKER TIME]

Firstly thanks for that FACT..We pay ISO's even when the emails bounce and i find out they are now selling amway...when you get a decline for a reason you believe is NOT correct please reach-out to me. bizdev@mantis funding.com

happened to to many files recently but ended up getting funded elswhere

so taking a break from you guys for a bit

if we decide to continue will let you know