[Don Dolla]

WHITE L A B E L

Somebody paying krazy for klout

Dats kray kray

[CraaaCraaa Radio]

WHITE L A B E L

Somebody paying krazy for klout

Dats kray kray

Not at all Don Dolla. I give credit where credit is due. history of my posts gives credits to lots of funders. I recently started submitting files to HFH because a good friend referred me. I was hesitant at first but after a couple of submissions and funded deals. All is good. just sharing my personal experience with a funder. Like I do with a lot of other funders

[moneygreen]

You 3 are cash advance all stars...keep crushing the game

[mcaguru]

[pcfunder]

At the end of the day we all get it. HFH is amazing, we'd rather fund with HFH than spend a 2 month vacation partying in Hawaii, HFH has the craaaaaaaaaaaacraaa funder stamp approval on all of their COJ's, and HFH is the greatest thing to happen to mankind since fire was discovered.

[stackcity_4208]

At the end of the day we all get it. HFH is amazing, we'd rather fund with HFH than spend a 2 month vacation partying in Hawaii, HFH has the craaaaaaaaaaaacraaa funder stamp approval on all of their COJ's, and HFH is the greatest thing to happen to mankind since fire was discovered.

lmao

[Mynameisbob]

Just Curious can anyone tell me where they file there COJ and what's the address on it?

[mcaguru]

Just Curious can anyone tell me where they file there COJ and what's the address on it?

whats your point ! instead of asking question what are you trying to say ?

[stackcity_4208]

whats your point ! instead of asking question what are you trying to say ?

Clapman on the scene

[Mynameisbob]

whats your point ! instead of asking question what are you trying to say ?

I am asking a question you clown. What was your point of posting the famous Peak solutions thread that made you look like a grimey scumbag. Try growing some balls and answer the questions the community has been waiting on answers for instead of being a pumper.

[stackcity_4208]

I am asking a question you clown. What was your point of posting the famous Peak solutions thread that made you look like a grimey scumbag. Try growing some balls and answer the questions the community has been waiting on answers for instead of being a pumper.

[pcfunder]

every time I see the name stackcity I hear "stack city stack stack city" to the tune of this song https://www.youtube.com/watch?v=AE3yia1AJeQ

[A+Paper]

Speaking as an experienced underwriter who has been in this industry and a closely related one for almost 10 years, I wish for the day where funders actually take my thoughts seriously, and I've worked for an A, B and D lender, not to mention major banks. Now that COJs are done, the last week or so has been brutal.

And I agree that companies need to cough up more money for quality underwriters. What I see from other MCAs and the ones I work (ed) for is that they're much happier hiring 10 ISO managers at crazy commission points who cannot read a basic bank statement or contract to fight with the underwriting teams on stupidity instead of focusing on solving the problem.

Where is a plane slowly crashing GIF when I need one?

[BillionzandBillionz]

Speaking as an experienced underwriter who has been in this industry and a closely related one for over 7 years, I wish for the day where funders actually take my thoughts seriously, and I've worked for an A, B and D lender, not to mention major banks. Now that COJs are done, the last week or so has been brutal.

And I agree that companies need to cough up more money for quality underwriters. What I see from other MCAs and the ones I work (ed) for is that they're much happier hiring 10 ISO managers at crazy commission points who cannot read a basic bank statement or contract to fight with the underwriting teams on stupidity instead of focusing on solving the problem.

Where is a plane slowly crashing GIF when I need one?

Usually the issue with Underwriters (especially industry veterans that have bounced from one place to another) is that they are usually just a bunch of paper pushers that do not understand what it takes to run a business. Underwriters are always looking for reasons not to do business, without worrying about the implications of not funding enough deals and getting enough business.

Also why would anyone take your opinion on something that you have no skin in. You have worked for many different funders, yet none of them decided your opinion was worth enough to keep you around. If you were that good, people would make you offers you couldnt refuse.

[A+Paper]

Usually the issue with Underwriters (especially industry veterans that have bounced from one place to another) is that they are usually just a bunch of paper pushers that do not understand what it takes to run a business. Underwriters are always looking for reasons not to do business, without worrying about the implications of not funding enough deals and getting enough business.

Also why would anyone take your opinion on something that you have no skin in. You have worked for many different funders, yet none of them decided your opinion was worth enough to keep you around. If you were that good, people would make you offers you couldnt refuse.

I syndicate as well.

And I didn't leave those companies, they closed down. Some superiors fled the country and some went to jail. That's not my problem.

I have many friends who are underwriters, some even better than me, nobody is paying any better than what I am getting currently.

[pcfunder]

Speaking as an experienced underwriter who has been in this industry and a closely related one for almost 10 years, I wish for the day where funders actually take my thoughts seriously, and I've worked for an A, B and D lender, not to mention major banks. Now that COJs are done, the last week or so has been brutal.

And I agree that companies need to cough up more money for quality underwriters. What I see from other MCAs and the ones I work (ed) for is that they're much happier hiring 10 ISO managers at crazy commission points who cannot read a basic bank statement or contract to fight with the underwriting teams on stupidity instead of focusing on solving the problem.

Where is a plane slowly crashing GIF when I need one?

I'm sure there are a lot of days where you feel like your morning vitamins were accidentally switched with crazy pills. Especially on the days where both the ISO reps and the brokers are arguing over things that make no sense what so ever. Also, what's considered crazy commission and what companies are giving crazy commission to ISO reps? I'm asking for a friend....

[stackcity_4208]

Speaking as an experienced underwriter who has been in this industry and a closely related one for almost 10 years, I wish for the day where funders actually take my thoughts seriously, and I've worked for an A, B and D lender, not to mention major banks. Now that COJs are done, the last week or so has been brutal.

And I agree that companies need to cough up more money for quality underwriters. What I see from other MCAs and the ones I work (ed) for is that they're much happier hiring 10 ISO managers at crazy commission points who cannot read a basic bank statement or contract to fight with the underwriting teams on stupidity instead of focusing on solving the problem.

Where is a plane slowly crashing GIF when I need one?

in the end it's all about the underwriting. The mash potatoes are the renewals, but the steak is the new deals. A very wise man who is a pioneer in the industry always told me that. What the majority of the funders need to understand is the following:

A- ISO Reps are good to have for maintaining the call flow and traffic and networking for the funder (the brand)

B- Having a Senior Underwriter with in the ISO department alleviates alot of traffic back and forth to Underwriters. If the Senior UW sees the request from the iso is justified, that Senior Underwriter can review and have a 2nd UW review to protect conflict of interest. (so they both sign off on it)-- But it just has to make sense!!!

C- Major thing that all iso's love is support and not let me call you back and find out. That is what majority iso's do because they can't underwrite files at all. Leaving the iso's in a realm of waiting and being frustrated. Than the submission flow slows down to that specific funder.


Formula for Longevity:

1. Stellar Underwriting Practices
2. A Great Risk Team (Collections)
3. Communication & Always Following Up with ISO's
4. Motivate the ISO's with Incentives to push more paper to you

[Kevin Henry-Seacoast]

Underwriters become jaded because most business development people never saw a deal they didn't like. Hire good business development people that hunt for good deals that won't be a problem later and that will also do a bunch of heavy lifting before the deal hits the UW's desk......everyone wins.

[A+Paper]

Underwriters become jaded because most business development people never saw a deal they didn't like. Hire good business development people that hunt for good deals that won't be a problem later and that will also do a bunch of heavy lifting before the deal hits the UW's desk......everyone wins.

That'd be nice. It will never happen.

[Kevin Henry-Seacoast]

That'd be nice. It will never happen.

Already has here....

[A+Paper]

in the end it's all about the underwriting. The mash potatoes are the renewals, but the steak is the new deals. A very wise man who is a pioneer in the industry always told me that. What the majority of the funders need to understand is the following:

A- ISO Reps are good to have for maintaining the call flow and traffic and networking for the funder (the brand)

B- Having a Senior Underwriter with in the ISO department alleviates alot of traffic back and forth to Underwriters. If the Senior UW sees the request from the iso is justified, that Senior Underwriter can review and have a 2nd UW review to protect conflict of interest. (so they both sign off on it)-- But it just has to make sense!!!

C- Major thing that all iso's love is support and not let me call you back and find out. That is what majority iso's do because they can't underwrite files at all. Leaving the iso's in a realm of waiting and being frustrated. Than the submission flow slows down to that specific funder.


Formula for Longevity:

1. Stellar Underwriting Practices
2. A Great Risk Team (Collections)
3. Communication & Always Following Up with ISO's
4. Motivate the ISO's with Incentives to push more paper to you

Wonderful concept, but does anyone operate this way in practice?

[pcfunder]

Wonderful concept, but does anyone operate this way in practice?

Do you guys want to get together and start a company using these principles?

[stackcity_4208]

Wonderful concept, but does anyone operate this way in practice?

One of the pioneers in the industry started this whole concept. His students followed and branched off, putting his practices in place at different funders. Many Funders have come and gone. He is still around and rocking in the industry!!!

I will leave his name off the funder. He drives a Lexus Truck

[pcfunder]

any of you homies down to get schwasted at a bar in the financial district today? I had a great week and I'm trying to end it with 50 shots of tequila.

[A+Paper]

Already has here....

If you're ever looking to hire, have I got a list of folks for you.