[Ifunddaily]

You can either do a set salary w/bonus based on funding, or a small percentage of every funded file they bring in.

There may be other solutions but I'm not familiar with them.

Salary and small % of funding amount

[TheUnderwritingProdigy]

Salary and small % of funding amount

What would a small % of funding amount be?

[Michael I]

What would a small % of funding amount be?

do the math based on funding volume, for example if you are funding 10 million a month and replacing the current iso rep , you will be crazy to pay 1%, however if best case you are expecting him to bring you in 100k a month , one percent wont cut it.
It also seems that so reps have some sort of split on fees over a certain amount

[TheUnderwritingProdigy]

do the math based on funding volume, for example if you are funding 10 million a month and replacing the current iso rep , you will be crazy to pay 1%, however if best case you are expecting him to bring you in 100k a month , one percent wont cut it.
It also seems that so reps have some sort of split on fees over a certain amount

Makes sense. What about in the scenario that a funded deal ends up defaulting... Does that generally result in clawback or like a ledger situation where they owe the house the equivalent of a deal that pays off?

[FCF Fund]

Makes sense. What about in the scenario that a funded deal ends up defaulting... Does that generally result in clawback or like a ledger situation where they owe the house the equivalent of a deal that pays off?

60-75k base + 1-2pt on funded. Some shops pay 60-65k and ISO rep eats off the fees which is why most lenders charge 5%+ on OG fees. You should also have expectations like X new iso shops a month onboarded per month and X deals funded per month etc etc.

Every funder is different you'd have to figure out your margins and see what fits and keeps you profitable. Also, based off those margins the funder should have set expectations like X new iso shops a month onboarded per month and X deals funded per month etc etc. Otherwise the position is not really validated if not generating X revenues.

[Ifunddaily]

What would a small % of funding amount be?

Like last guy said, its all about how your set up. I've seen ppl pay as low as .05% and as high as 3%