“That’s All Folks! COJ Ban in New York May Pass on Wednesday”

**Michael I** · 06-18-2019, 10:41 AM

Originally Posted by NoBigDeal

It's a matter of time. At this point most funders have already stopped using a COJ and I'd imagine once this is passed, the rest will have to follow suit. Time for true UW (pricing without the comfort of COJ) to win deals, and bad UW will have their default numbers spike

issue is most of them underwrite based on ability to collect . their whole model can crash.

**NoBigDeal** · 06-18-2019, 10:59 AM

Originally Posted by Michael I

issue is most of them underwrite based on ability to collect . their whole model can crash.

"Time for true UW to win deals." True meaning they can scout and fund based on viability of the business (from collection standpoint as well) as opposed to filing COJ the fastest

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