[2014FUNDING]

Has anyone ever received a claw back on a commission that was issued? i have recently funded a deal with this company that just ACHed our commission out of our account. Is this normal? shouldn't it be the funder/ underwriter that takes the hit on the deal?

[Sean Cash]

Has anyone ever received a claw back on a commission that was issued? i have recently funded a deal with this company that just ACHed our commission out of our account. Is this normal? shouldn't it be the funder/ underwriter that takes the hit on the deal?

did the deal go bad in the first 30 days? What does your ISO agreement say about claw backs? Does it give them permission to ACH money out of your account?

I would be surprised actually to see a clawback clause that allows them to just debit your bank account.

[Joseph Esparza]

We don't have a Claw Back in our ISO Agreement...we stand behind our ISO's and our underwriting decisions are final. That is our business model.
10% High Risk, No Claw Back.

[J.Celifarco]

a lot of the banks have a claw back clause in their agreements if a deal goes bad in the first 30 days.. Take a look at the agreement it should lay out the banks policies in it

[Joseph Esparza]

a lot of the banks have a claw back clause in their agreements if a deal goes bad in the first 30 days.. Take a look at the agreement it should lay out the banks policies in it

Read my lips...LOL. No Claw Back *****es! That's High Risk.
Let's fund some deals...for keeps.

[Chambo]

a lot of the banks have a claw back clause in their agreements if a deal goes bad in the first 30 days.. Take a look at the agreement it should lay out the banks policies in it

Some even go out 90 days...

[JSL23]

Some even go out 90 days...

Damn!! I've never seen that. I have honestly only seen a 30 day clawback from one Lender. Who does 90 days?!

[Funder Mark]

30 days is pretty much standard, who does 90? There are deals that are paid off in 90!!