Results 1 to 25 of 61
Hybrid View
-
09-24-2021, 12:13 PM #1
people really do this where they submit files without contact information of the merchant? I thought people did it maybe when starting with a new lender but all the time? That is crazy to me
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
-
09-24-2021, 12:43 PM #2
- Join Date
- Feb 2019
- Posts
- 209
Pretty much every single funder has done it to me. It isn't backdooring necessarily. 3 months go by and then they send it to their broker shop or put it in a drip campaign. For example, a very large funder shoots over all their applications to their sister company for a mortgage.
I also firmly believe that most backdoor cases are not coming from management. Typically, it is a rogue employee. I wish it didn't have to be this way but it is.
Similar Threads
-
flexibility backdoor
By jeff614 in forum Everything elseReplies: 4Last Post: 09-27-2020, 11:05 AM -
Pearl Backdoor
By InhouseFunder in forum Merchant Cash AdvanceReplies: 5Last Post: 05-24-2019, 01:21 PM -
Backdoor issue
By Michael I in forum Merchant Cash AdvanceReplies: 8Last Post: 06-12-2017, 09:37 AM