[Akanner]

lololol! its a risk/reward decision. The reward is far greater as a funder! Which is why there are funders at all. I am a broker not an underwriter. Please do not make me responsible for your sub-par underwriting skills. I don't work with any lender whos claw back period exceeds 30 days ( not 30 business days 30 regular old days).We work really hard to get deals submitted and performance on a deal should not be the brokers responsibility( obviously if the broker double funded or took a large PSF that is a different story and deserves to be clawed back) ! In a perfect world there would be no clawbacks for honest,hardworking non-psf charging, non -stacking ISOS!!

In a perfect world i would agree with you. there would not be a need for CB since brokers are acting in good faith and the onus is on the UW. Unless an unforeseen circumstance were to occur like a natural disaster or a merchant suddenly having no income a deal should not default. And if it does, one cannot blame the broker.

But since we do not live a perfect world. An UW can make a great decision and fund a deal and it can go bad due to PSF, Stacking, double funding, lying to a merchant etc. Therefore causing a funder to want a commission back