ISOs, what makes funders great?
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  1. #1
    Member Reputation points: 1154
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    The ISO manager is what what makes a real funder successful .
    Fully underwriting the file upfront and being 100 % transparent about your programs . An ISO manager that has the industry knowledge to understand a file and overturn a decline when underwriting has different opinion . A good ISO manager fights for ISO's deals that have merit.

    If you fund B-C paper and an ISO sends you a high grade deal let them know that you would be good for hop if they fall short on an A paper deal . Don't just a worthless approval that you know has no chance of funding . Communication is key . Ask questions when you get a file in if you think the information will be helpful to get an approval. Review every submission so you know if the deal even has a chance.
    Stick to your word and communicate.
    If the ISO manager works for company that back peddles go find a solid company to work for .
    Time is kills deals !!!!
    Jake Strelzik
    305- 785-2548

  2. #2
    Senior Member Reputation points: 77508
    Join Date
    Jan 2018
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    518

    Quote Originally Posted by JakeS View Post
    The ISO manager is what what makes a real funder successful .
    Fully underwriting the file upfront and being 100 % transparent about your programs . An ISO manager that has the industry knowledge to understand a file and overturn a decline when underwriting has different opinion . A good ISO manager fights for ISO's deals that have merit.

    If you fund B-C paper and an ISO sends you a high grade deal let them know that you would be good for hop if they fall short on an A paper deal . Don't just a worthless approval that you know has no chance of funding . Communication is key . Ask questions when you get a file in if you think the information will be helpful to get an approval. Review every submission so you know if the deal even has a chance.
    Stick to your word and communicate.
    If the ISO manager works for company that back peddles go find a solid company to work for .
    Time is kills deals !!!!
    would you rather have an ISO manager that is constantly overturning declines and fighting for your deals to fund or a funding company that approves a lot and funds with ease?

  3. #3
    Member Reputation points: 1154
    Join Date
    Apr 2016
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    Ft Lauderdale
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    Sales and risk always bump heads .
    Jake Strelzik
    305- 785-2548

  4. #4
    Quote Originally Posted by JakeS View Post
    Sales and risk always bump heads .
    Come on Jake! you know this is not true! Sales and Credit are always best friends!

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