Results 1 to 25 of 61
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09-15-2021, 12:38 PM #1
- Join Date
- Sep 2021
- Posts
- 5
Backdoor=Lendora Beware
I’ve been in this industry for over 8 years in numerous capacities and have always heard the term “backdoor” as most anyone has if they have been in this space. Fortunately, I never directly have felt the impact of what that really means till recently. As any good funder/broker/iso etc. protecting your data is key. Our long-time clients started to get random calls and give us feedback that someone was calling them while we were working on a deal and trying to solicit the offer out of them 15 mins after we presented it. Fast forward we had 3 applications that directed back to our company phone. Miraculously Lendora Inc out of California and their rep Sheri reached out shortly after our file was submitted. Asking where she got our info from she proceeded to tell us that “her boss” gets the info and gives it to her to call on. And I asked how she got my info and she proceeded to text me VERBATIM.
“well we are DIRECT funders and we work with 600 BROKERS so that’s how we got your info. We don’t usually like to work with them!!!
AKA backdooring.
I got a call from Ben Amar who said he runs Lendora’s operations for Jeffrey Essebag. Ben proceeded to tell me that this is just how the business is. Either get with it (using stolen data) or be left behind. Said there is too much of it for me to waste time bothering. Then I showed him the texts and emails I have of evidence and tone changed.
Personally, I disagree. I know it goes on. But I’m not willing to just accept it as common practice.
Lendora text.PNG
I’d be happy to provide further evidence of all of this if needed. But if that doesn't say we backdoor i dont know what does. Whoever does work with Lendora please beware…..
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09-15-2021, 01:04 PM #2
- Join Date
- Apr 2019
- Posts
- 318
lendore, fundura, fromunda, green, yellow they all pull the same unfortunately....happens. now you know who not to deal with
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09-15-2021, 01:06 PM #3
Who else backdoors???????
Lets call them all out!!!!Benny Blanco From The Bronx
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09-15-2021, 04:04 PM #4
- Join Date
- May 2018
- Posts
- 158
Benny get a life move on stop the drama
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09-15-2021, 04:10 PM #5
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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09-15-2021, 04:11 PM #6
- Join Date
- Aug 2020
- Posts
- 144
Now this is a well written post calling out a funder with evidence. I like it
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09-15-2021, 04:19 PM #7
- Join Date
- Feb 2019
- Posts
- 96
Lendora have you came up with an excuse yet? Patiently waiting
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09-15-2021, 04:28 PM #8
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09-15-2021, 06:51 PM #9
- Join Date
- Feb 2018
- Posts
- 1,349
So you enrolled with Lendora as an ISO and they tried to cut you out, or, are you saying Lendora called your customer's randomly which means another co you sent them to leaked the data?
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09-16-2021, 12:30 PM #10
- Join Date
- Sep 2021
- Posts
- 5
My company submitted a file to 3 lenders. The file ended up being submitted to Lendora by a broker who obviously stole the information because it had my ‘spoof’ number on it. Then Lendora tried to backdoor that broker and work it themselves. Hence, there are two wrongs being done. I prefer not to give up the 3 lenders I sent it to, but I am close to having a positive result and will post evidence as soon as I can. In the meantime, it’s quite obvious that there is a lot of stealing in our world, and it’s 100% obvious that lenders such as Lendora are not to be trusted.
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09-16-2021, 12:41 PM #11
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,949
Educate me - How does a funder underwrite a file without contacting the customer?
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-16-2021, 12:50 PM #12
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
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09-16-2021, 04:15 PM #13
- Join Date
- Feb 2018
- Posts
- 1,349
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09-16-2021, 04:23 PM #14
this right here is why I work with a very small group of lenders. For the one off file you might get funded it is not worth the headaches and drama that comes from working with a huge group of lenders that you have no real relationship with. Not worth it
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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09-16-2021, 04:55 PM #15
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,949
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-16-2021, 05:20 PM #16
- Join Date
- Sep 2021
- Posts
- 5
John i agree with you and we do that as well. Unfortunately it seems one of the larger ones has a leak and seems the leads being sold off by a reseller......
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09-16-2021, 05:23 PM #17
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
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09-17-2021, 09:33 AM #18
- Join Date
- May 2018
- Posts
- 158
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09-17-2021, 10:08 AM #19
- Join Date
- Feb 2018
- Posts
- 1,349
post the leak name. let's have it. didn't TIGER get busted for doing this in the past
Last edited by fundingsmbs; 09-17-2021 at 10:10 AM.
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09-17-2021, 10:10 AM #20
- Join Date
- Jun 2017
- Posts
- 2,049
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09-17-2021, 10:54 AM #21
- Join Date
- Sep 2021
- Posts
- 5
We work with a very tight knit network. Our files are not spewed all over the street to random or new funders. I've been told by one of the majors there is an issue and they are working on it with legal. All i am certain of is that information is getting pushed to a lead reseller fairly quickly. Unfortunately with larger companies there are many layers. So its hard and counterproductive to call out people who play no part in it. So i wont. Unless its blatant like Lendora as to which they are NOT one of my lenders and have never heard of them before until they told me they love to backdoor via text.
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09-17-2021, 10:58 AM #22
Last edited by lets talk about it; 09-17-2021 at 02:21 PM.
Benny Blanco From The Bronx
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09-17-2021, 11:03 AM #23John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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09-17-2021, 11:39 AM #24
- Join Date
- Feb 2018
- Posts
- 1,349
If you fund a deal with a funder, and, that funder sells off that deal through their own ISO they own or create because they want an early pay, is that considered stealing a deal? Is the ISO agreement protecting them by saying it's "our deal" once it's funded.
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09-17-2021, 11:42 AM #25
yes that is stealing a deal. If they want to sell it off they should contact the iso and ask them to try and move it. I have done this plenty of times for funders that asked me to move a deal
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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