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  1. #1

    worst funders

    im talkin low offers, low comission, and slow response. who is it

  2. #2
    Senior Member Reputation points: 1815
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    worst funders

    Knight
    Pearl

  3. #3
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    Meanwhile you see Knight and Pearl on a lot of statements... merchants don't think they're that bad.

    Everyone has their opinion on the "worst" funder but it is about relationships and how well you represent and know the products that you are selling.

    Low offers is apart of risk. Some lenders give a lower offer because they see something others don't - or they just don't like the deal. If you communicate more and show that you are indeed the broker on the file that has a good connection with the merchant- they will be more responsive. Write a note about the business details and request an amount. Don't just send a file.

    Low commissions have to do with how direct the money is. It is also about risk- those who pay the lowest usually take a bigger risk.

    Response=Relationships... If you have an issue with response, then you need to fix your relationship. You ever get a call from someone out of the blue because they want something? Don't you feel used? Consistency is key. Why partner with a lender if you aren't going to sell their programs then just use them when you can't get it funded elsewhere. They know... they aren't stupid.

  4. #4
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    Knight offers very strong 2nd position offers in certain cases, but botch a deal every once in a while due to miscommunication or lack of organization on their end. While I can't say that Pearl is a go-to CD funder, they will honestly surprise you with aggressive offers at times and their closing process is much more seamless than other competitors. If there was truly a lender that was the worst - they wouldn't be in business. All of them have different preferences and UW guidelines. It's all about knowing those details and utilizing each of them accordingly.

  5. #5
    Senior Member Reputation points: 1719
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    The bad ISO is far worse than the worst funder.

  6. #6
    Quote Originally Posted by fundgorilla View Post
    The bad ISO is far worse than the worst funder.
    apples to oranges buddy

  7. #7
    Senior Member Reputation points: 1322
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    On deck, they may have great offers but as an agent you need to make sure you don't get screwed out of your renewals

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