Results 1 to 9 of 9
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05-13-2019, 03:06 PM #1
- Join Date
- Jun 2013
- Posts
- 293
Funders reselling ISO deal packages?
Hear the new thing is funders/lenders selling their ISO's submission packages to other ISO's/Lead providers. We got a call from an ISO asking for us to sell our submission packages (App signed within the last week and 3 months of bank statements) at $200 a pop. They said most of the BIG BOYS are doing it. Is this legit?
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05-13-2019, 03:10 PM #2
- Join Date
- Jul 2017
- Posts
- 548
Please send all leads to leads@backdoor.com
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05-13-2019, 03:14 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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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05-13-2019, 03:20 PM #4
- Join Date
- Jun 2013
- Posts
- 293
Nobody should but it sounds like they are.
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05-13-2019, 04:08 PM #5
Nobody will stop doing it until someone gets pinched and has to pay a fine....or worse
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05-13-2019, 04:25 PM #6
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
I can't believe that any legit funder would do this. Risk > Reward. Bigly.
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05-13-2019, 06:30 PM #7
- Join Date
- Jun 2013
- Posts
- 293
Believe it because it's happening. Read your ISO Agreement and know what they can and can't do with your client.
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05-14-2019, 05:56 PM #8
- Join Date
- Jun 2015
- Posts
- 3,325
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05-15-2019, 10:27 AM #9
- Join Date
- Feb 2019
- Posts
- 35
Illegal, but they ALL do it (with very few exceptions).
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