[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.

[StealMyDeal]

On top of this.

I've always suggested to people to not spread yourself out so thin...people give the exact opposite advice.

( this is an example or an analogy)

If a Funder was Funding 5 million a month and you and your team were responsible for 4 million of it...would they backdoor you? maybe...it wouldn't be smart.

Depending on your volume monthly..you do or do not matter to most people this is why the concept of "Super Iso" exists...a bunch of brokers who could have all been an individual Iso( or one with 2-5 people) got talked into following one lone broker into the wilderness and make a team.

If there is a quota on production to be met, there will come a time where you get cut off. I have to admit It was semi-funny to watch the brokers who were bashing the super iso concept get their book of business taken from them.

Solutions...Narrow down your list or go to a smaller funder who might care about you or produce more business or raise capital to syndicate and participate in the deals

Karen, this is by far the most concise, articulate, and substantive post I've seen from you on here. I'm being serious. [applause]

[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

[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

[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

[Karen37a]

Karen, this is by far the most concise, articulate, and substantive post I've seen from you on here. I'm being serious. [applause]

I was trying to be nice...it isnt worth it ...next thing I am eating govt cheese with a bus pass lol

but thanks

[BROKER TIME]

I was trying to be nice...it isnt worth it ...next thing I am eating govt cheese with a bus pass lol

but thanks

ill buy you a monthly pass for the advice

[Karen37a]

ill buy you a monthly pass for the advice

lol and a tv dinner....

[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

[BROKER TIME]

lol and a tv dinner....

not with out a nude being sent =)))))))))))

[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

[BROKER TIME]

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

[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

[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]

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

[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

[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

[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]

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?

[BROKER TIME]

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.

appreciate it will reach out if i have an interest

[ajequitymatt]

appreciate it will reach out if i have an interest

I'll be waiting by my phone for the day you do

845-649-0306

[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 =(

[BROKER TIME]

I'll be waiting by my phone for the day you do

845-649-0306

hopefully the number doesnt change lol

[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...