[Michael I]

what really throws me off is the leaks everyone speak about i see it but then the companies i have my doubts about makes the best offer and funds its like they pick and choose what to take

yup i work with 2 companies that i know for a fact backdoor once in awhile ,just because they give me the approvals that no one else does and we get paid on those .

[Karen37a]

yup i work with 2 companies that i know for a fact backdoor once in awhile ,just because they give me the approvals that no one else does and we get paid on those .

yep

The brokers broker /iso makes a difference sometimes

Quote Originally Posted by BROKER TIME View Post
what really throws me off is the leaks everyone speak about i see it but then the companies i have my doubts about makes the best offer and funds its like they pick and choose what to take

This goes back to my original advice of making yourself valuable to the Funder and making them profit

[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

[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

[SCCNY]

You took the story one step too far with this line.

Just type ..." hey everyone I am an ex stripper...top model and entered the business.. I weigh 115lbs and have a huge irrevocable trust fund from my wealthy family.. I want to syndicate and I am also looking for a man to guide me. I have a bunch of A paper friends who have 750 credit scores as well and they need funding within the next 30-90 days daily payments only"

haha what does this even mean

[WestCoastFunding]

haha what does this even mean

Hysterical.

[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

[Mr. Amilli]

haha what does this even mean

She is just as crazy in person....it's not an act...........

[Karen37a]

She is just as crazy in person....it's not an act...........

Crazy like a fox...thank God some of you would have eaten my eyeballs and dumped me in the river for 2 points

[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.

[CashCat]

BlueVine for Lines of Credit
Fundbox for Lines of Credit
LoanMe - Monthly Payments

[kturner317]

On Deck has been stealing files FOR YEARS. They have a practice of denying files then heavily soliciting them afterwards. They are also notorious for getting high volume shops on for a few years, then cutting them off and taking all their files. Kabbage and Funding Circle also do that. Yellowstone is a den of thieves, as is Cresthill/Mantis and too many others to name.

[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

[fundingsmbs]

On Deck has been stealing files FOR YEARS. They have a practice of denying files then heavily soliciting them afterwards. They are also notorious for getting high volume shops on for a few years, then cutting them off and taking all their files. Kabbage and Funding Circle also do that. Yellowstone is a den of thieves, as is Cresthill/Mantis and too many others to name.

well there you have it, state of the union

[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

[Karen37a]

On Deck has been stealing files FOR YEARS. They have a practice of denying files then heavily soliciting them afterwards. They are also notorious for getting high volume shops on for a few years, then cutting them off and taking all their files. Kabbage and Funding Circle also do that. Yellowstone is a den of thieves, as is Cresthill/Mantis and too many others to name.

I saw companies torch people...thats why i made the name "karen" ...i thought where the heck am I...morons yelling I had a dui and was hiding from it, i just wanted to stay away from all this crap and just fund deals and renew lol.

Hard to watch people kiss the butt of the King all day

I did a William Wallace/ Braveheart .... you fought for ...now fight with me...for freedom .........1099 chaarrgeeeeeeeee

[mcaguru]

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

Please do. I need you.

[BROKER TIME]

Please do. I need you.

sarcasm? lol

[mcaguru]

sarcasm? lol

No. I am serious, NO matter how large and how many fundings we do (probably the 2nd largest in the super subprime) i wake up daily as if we are new and starting from scratch.

[WestCoastFunding]

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

May be an anomaly. While I try to refrain from publicly praising Marcus (because he praises himself enough) I can honestly say I’ve never had Mantis kill a deal after contracts were back. ****, their underwriters have been known help gather stips for me directly from the merchant after the login call. One of the easiest companies to deal with. Now if they could just up their tech game a little.

[fundingsmbs]

we don't have issues too much with companies on the first round of business. it may be the funders we use or the persistence of staying on top of those files all the way through. It's the renewals that is somewhat of a concern. If anyone understands marketing, it is 5-12X more expensive to acquire a new customer, hence, the funder pays the generous commissions to acquire the customer. But, when communication breaks down and the feeling overall is there is not a desire to pay on renewals, there is a problem. Maybe management at these companies feels they have paid to play, but, that's not how this works. There was real dollars to acquire that new customer on the brokers side as well. As one funder once said, if we can't renew the business, we might as well turn off the lights. That applies to both sides of the fence. It's either pay on renewals as expected, or, stacking will continue to rise.

[patrickw]

Marcus, same here. My starting was pretty good with Mantis. After a while start getting declines 95% of files for dumb reasons. Where other companies approved and funded pretty smooth. So I stopped sending files to you guys.