[OC Funder]

Anyone have good insight on underwriting process?
We've been reading and hearing about underwriting software, and outsourcing each submission (which doesn't sound too assuring)

We understand the general rule of thumb with purchasing up to a specified percentage.
Just wondering if there's more to this than just the standard formula such as average daily balances.

-Bonus-
for final underwriting, what are some background check procedures? We've heard of datamerch.

I'd partner up with someone that has relevant, successful experience, or go work for a company that can provide it for you. if you attempt to write your own advances. you would probably lose a lot of money and open yourself up to potential legal issues based on your questions. If not and you're wondering out of curiosity, just cozy up to an UW at a funder you currently work with or even a good BD rep and they'll give you the broad strokes.