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05-21-2019, 09:14 AM #1
Reputation points: 3779
- Join Date
- Jul 2018
- Location
- Brooklyn
- Posts
- 21
Par funding is by far the top consolidator in the industry
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05-21-2019, 01:03 PM #2
Reputation points: 156
- Join Date
- Aug 2018
- Posts
- 6
If Par Funding only payed commission they'd be great to work with.
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05-21-2019, 01:20 PM #3
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
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05-21-2019, 01:48 PM #4
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05-21-2019, 02:12 PM #5
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
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05-23-2019, 01:23 PM #6
Reputation points: 3829
- Join Date
- Nov 2014
- Posts
- 97
It just takes 1 Unpaid ISO to make a funder not reputable . I don't want to be that Second one he didn't pay . If ISO's would stick together or a Blacklist of funders that don't pay we would have such a more clean industry . If they have a problem paying and ISO imagine if they have multiple deals from your book of business ? They probably will backdoor all renewal and cut you off . Iso's spend way to much time, resources and funds to build a book of business...
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05-23-2019, 01:49 PM #7
Reputation points: 232300
- Join Date
- Feb 2017
- Posts
- 3,455
Brokers are MUCH worse at keeping track of "blacklists." You know why Par didn't pay on a 2nd reverse you did? Because the first one defaulted 4 months in, and they're recovering their losses. You know why you didn't get a
At least funders have underwriters and real money backing them keeping them honest. Unlike us brokers, especially anonymous ones on forums without lawyers - the best we can come up with is complaining to other anonymous brokers on forums without proof. Just guesses.
A broker blacklist is honestly the stupidest idea I've heard of. Just wreaks of constant slander.
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