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11-15-2018, 04:33 PM #1
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Lender hoppers
Do you all find yourself when certain people in this industry call you and say "i am now by xxxx" that you think i give it a month to 6 months max.
I dont know if these people just think the grass is greener or they keep getting fired but it is crazy how they still get hired.
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11-15-2018, 04:37 PM #2
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- Dec 2013
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Yep i hear you.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-15-2018, 04:38 PM #3Karen37aGuest
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11-15-2018, 04:39 PM #4
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-15-2018, 04:41 PM #5
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11-16-2018, 11:44 AM #6
LMAO ..... Marcus.
QUOTE=mcaguru;107379]Karen do you have it set up that when someone writes a new thread a siren (deigned by the group that makes fire truck horns) goes off and you slide down the pole to get to your computer to respound ?[/QUOTE]Last edited by Jstarr; 11-16-2018 at 11:48 AM.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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11-16-2018, 03:19 PM #7
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- Laguna Beach
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11-16-2018, 04:07 PM #8
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- Dec 2015
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1099 is not a sales status, it's a battery model. That version was notorious for giving you 10 hours of juice at 99% capacity, but because they were hacked to overclock and overheat, they keep resetting on the 9th hour 59 minutes in. So the typing never mechanism never clicks off after each post, and causes another post to spit out immediately.
When the battery finally explodes or carpal tunnel's out, you'll log into Dailyfunder and it will redirect to a closed circuit web cam of Sean Murray tied to a chair in a basement, laying in front of a stack of bank audit magazines, and a female cyborg giving admin rights to some western european models.Last edited by DonMcGrath; 11-18-2018 at 05:31 PM.
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11-15-2018, 04:44 PM #9
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- Dec 2013
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- 4,713
we cant send smoke signals up ...we got to many flight paths and it'll be non-stop!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-16-2018, 11:33 AM #10
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- Feb 2018
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- 1,349
in general, iso managers that seek out your business have about an average lifespan of 2 years at a co if they are lucky. the main goal of hiring them to begin with is to get their book of business. once the business is developed, they are no longer of value and the co does not want to keep paying them overrides when they can put a warm body making hourly to manage the iso business. this is a practice done at most co's. that is why you see so many folks jump co to co. the other part of this quotas that are not obtainable , thus, grounds to can the rep at will. everyone comes in with rose color glasses only to leave with sour grapes. Than, they take their iso contacts to the newco, and, email you "I am at x co and have this wonderful program send me some deals" rinse, repeat
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11-16-2018, 11:39 AM #11Karen37aGuest
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11-16-2018, 12:03 PM #12
This is pretty spot on. But of course there's some deviation from the norm. When I was an ISO rep at a direct lender, once I had been there for about a year and built a book of about 25 ISO's and started getting a heavy submission flow, the company I was at actually bumped up my override. Wasn't enough to keep me there and I went into the broker world though.
Gary Axisa
Blue Streak Capital, Inc.
PM me for my email
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11-16-2018, 12:08 PM #13Karen37aGuest
All Financial Services work this way. From stocks and bonds to loans to insurance to mca
__
I gave an analogy a long time ago...morie the wig guy...Goodfellas
He had no shot of getting paid
30 years later i am still going. If you are valuable to your funders...make them money $$ you have a 50% chance of survival( defaults come into play), Some will cut your throat no matter what
..find the scorpion and the frog analogies I gave before
This is also why super isos exist
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11-16-2018, 12:09 PM #14
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11-16-2018, 12:10 PM #15Karen37aGuest
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11-16-2018, 12:24 PM #16
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11-16-2018, 01:20 PM #17
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- Oct 2016
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11-16-2018, 11:43 AM #18Karen37aGuest
Because sometimes when you get a real closer in the business a "real business builder" they fight back to the death and thats how the wars between companies, brokers super isos and base shop happen and sometimes the merchants go with the Broker they like the most no matter how low you drop the rate
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11-16-2018, 11:47 AM #19Karen37aGuest
Marcus old man and the sea. over there..everything he says I attribute to you and that $300 backdooring incident, plus you taking bad bull**** blowup deals after i decliined them and said no
People funding deals that you kill in underwriting behind your back and them defaulting instantly is funny for a while but enough is enoughLast edited by Karen37a; 11-16-2018 at 11:51 AM.
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11-16-2018, 01:33 PM #20
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- Mar 2015
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- Boynton Beach
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See WestCoast...that was not random stuff at all. I do kinda wish she followed-up with another YouTube video.....
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-16-2018, 01:35 PM #21Karen37aGuest
again you cant understand what it is to"own" a book of business..you are an employee
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11-16-2018, 01:40 PM #22
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- Boynton Beach
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Um...yes I do. My book of business is very large and very sticky and I get rewarded handsomely for it.
On a side note....I am still collecting investment banking fees from deals I closed prior to joining my current firm. See some know how to structure compensation so you are rewarded on the back end of a deal not just the closing cash......Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-16-2018, 01:43 PM #23Karen37aGuest
umm you get paid by the bank and they supply you with everything...when you were an investment banker you were not a "salesperson" bringing the clients and money in like I was
1099 isos are bare balls to the wall cold callers or marketers...using their own money ...no bank backing them
You are not exposed like we are
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11-16-2018, 01:51 PM #24
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- Mar 2015
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- Boynton Beach
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Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-16-2018, 01:53 PM #25Karen37aGuest
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