Funders, what makes ISO's great?
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  1. #1
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    Quote Originally Posted by Lmonus View Post
    Nothing worse than an iso that submits a deal with "j1hb23ghj123" labeled on the statements, no information and "GET ME MAX" when the guys looking for 50k doing 6k each month...cmon.
    I couldn't agree more with the labeling of those kind of statements. Going back and forth trying to figure out what month is what makes the process take longer.

    I also agree with everything DownToFund has said especially the having all of your reps call me for an update on every single deal 5 mins after they submit it. Very annoying.

    Also like to add, which has happened a few times.

    -Don't CC all of your lenders in a submission especially when you meant to BCC. LOL.

  2. #2
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Quote Originally Posted by Fetachini View Post
    I couldn't agree more with the labeling of those kind of statements. Going back and forth trying to figure out what month is what makes the process take longer.

    I also agree with everything DownToFund has said especially the having all of your reps call me for an update on every single deal 5 mins after they submit it. Very annoying.

    Also like to add, which has happened a few times.

    -Don't CC all of your lenders in a submission especially when you meant to BCC. LOL.
    Interesting. The mislabel never really irked me. Open a PDF, you see its Chase acct ending #3341 for April, and 2 seconds later just close the tab and rename Apr 3341. But to each his own, everyone is different and there really isn't a right or wrong answer here, it just boils down to personal preference.

    To piggyback on this, I get pretty snarky when I get either dropbox links, or merchant login info as opposed to attached docs. To me, this pretty much translates to:

    "hey.. here's a deal. Go fetch the statements and everything you need, then process and then pay me thanks".

    If I'm doing your job for you I'll be taking the compensation too. I am not your secretary. Either do your job or take it elsewhere.

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