[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?