Quote Originally Posted by WestCoastFunding View Post
https://dailyfunder.com/showthread.p...ighlight=Moshe

Has Moshe answered for this yet? I know someone at 24 capital should be able to answer this question, as they have enough time to fill up my spam box.
Good Morning WestCoast Moshe has left the company quite a bit of time ago and I'm a rep. I wanted to address this in his place. (ELAINE IS OUR MANAGING DIRECTOR | PLEASE SEE REFERENCE IMAGES BELOW)

Good Morning,

My name is Elaine Jacobs and i am the managing director of 24 Capital. This post was just put to my attention and i do apologize for the late response. Social media plays a big role today in any business, so i strongly believe that what people post about other companies should be based on facts and not hearsay. With that mentioned i would like to address the situation at hand and hope i can bring more clarity on the matter.

We are direct lenders. We recently opened a reverse consolidation department and hired an additional underwriter for that to keep up with the volume (also, both underwriters have different styles so we like the diversity).

- Our rep Moshe received the deal from Firm Services Inc. on 8/20/2018. He submitted it to our underwriter ND (her initials) for a reverse or position. She came back with a 20k 4th position offer saying that she'd rather do position than a reverse..

- The bank login was not strong at all so instead of killing the deal right away our uw ND decided to lower the funding amount to 10k.

- After receiving signed contracts for 10k - our uw proceeded to do final underwriting and discovered a judgment filed on this merchant by Cash Cow. She killed the deal (08/27/2018).

- Same day 08/27/2018 a totally different ISO David S. submits this deal (ON HIS OWN APP) to our rep Leo for a reverse consolidation. We do not use a crm for subs so reps don't know if they get the same deal.

- Our rep Leo submits this deal to our in-house underwriter DD (her initials) and gets his ISO an offer 8/28/2018. Leo's ISO disclosed right away the merchants judgment with Cash Cow. So our uw DD looked into it and gave an offer with a higher rate and higher bank fee.

- The deal funded on 9/04/2018. Our rep Leo and his ISO David S. got paid on the deal.

I hope that the timeline and screenshots will bring some clarity. I understand how this might have looked to you since Moshe didn't clarify anything - he was pretty upset himself that he lost the deal. I strongly believe that if you called our main line at least once or came over to our office this could have been clarified earlier. Unfortunately i have not received any calls or emails from you - only this upsetting post with unfounded allegations.

My direct line is 347-2654594 - you are welcome to call me or stop by any time if you have any further questions. We value our integrity and professionalism

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That was the entirety of the explination by Elaine, if anyone has further questions or concerns regarding this file feel free to send me an email and I can provide even further clarification on any matter , thread, question, etc.

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ALSO, Since I originally just wanted to save face for Gary over at blue streak since I am the ISO rep referred to on his last post who signed him up on linkedin I wanted to take the time to apologize for the actions of Mike Levine on the other thread where he threatened you and most others , I can't really apologize for Veronica and the whole picture fiasco, they were reps who just started out and are no longer with us. While my apology may not carry any weight it still needed to be said.