Quote Originally Posted by Davincinc View Post
usually if an offer is out over 15 days bfs internal team will call the merchant and close, each lender may give a exclusivity period but BFS does not, they will. example

Broker A submits app 3 months bank - offer sent to broker
Broker b sends SAME App and 3 months bank dl and voided check get same offer and contract.

Broker A will also have the ability to get contracts a piggy back off of broker B's work. Thusly making the brokers fight for the deal to lower commissions and closed the merchants.

I listed a post about this a while ago, but they claim to sense discontinue this practice, but I have learn to sanitize contracts and make sure I have control of client while getting offers.

Unlike YS which uses the first to sign contract rule.

also 7 days if no return contract YS will call you client or affiliate lender house will contact client,
The scenario you described with Broker A and Broker B is also first to signed contract, no?