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10-07-2014, 01:16 PM #14
Reputation points: 131
- Join Date
- Jan 2014
- Location
- Denver, CO
- Posts
- 90
I THINK it was a referral for revenue. The leads were fine until this last spring which is when I suspect CAN and/or ODC started doing business with Lendio or really cranked it up. I don't mind competition at all, but they are selling 1.15 - 1.18 8-12 month deals. They are literally forcing the brokers out as much as possible. CAN even had the nuts to lie to me by saying it was submitted by a broker who received the approval because it was through the auto system and that they reviewed it and changed it to a decline. They literally funded the deal next day. And there was no broker involved, it was a CAN sales rep and my customer proved it. I bet the rep thinks she is so good at sales, crushing it with their 1.18 8 month terms. LOL.
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