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  1. #1
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    Quote Originally Posted by TheUnderwritingProdigy View Post
    Yeah, him and Funderhunt are an absolute embarrassment to the industry. Boasting 10%+ PSF's, blatant stacking, and showing 0 regard for the merchant or more importantly the funder they work with. That type of business model is not sustainable. Burn your funders, you're done. Burn your merchants and you're losing out on recurring commissions indefinitely every time they refi. Can't believe how many ISO's don't consider longevity.
    Facts

  2. #2
    Senior Member Reputation points: 43268 SendDocsPlox's Avatar
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    Quote Originally Posted by TheUnderwritingProdigy View Post
    Yeah, him and Funderhunt are an absolute embarrassment to the industry. Boasting 10%+ PSF's, blatant stacking, and showing 0 regard for the merchant or more importantly the funder they work with. That type of business model is not sustainable. Burn your funders, you're done. Burn your merchants and you're losing out on recurring commissions indefinitely every time they refi. Can't believe how many ISO's don't consider longevity.
    provide enough business to a funder and they'll look the other way when you do this, or they'll just give a slap on the wrist
    I've worked with plenty of psycho level sales reps who do all of the above and they're still funding and making big checks

    Granted this was at a major ISO

  3. #3
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    Quote Originally Posted by SendDocsPlox View Post
    provide enough business to a funder and they'll look the other way when you do this, or they'll just give a slap on the wrist
    I've worked with plenty of psycho level sales reps who do all of the above and they're still funding and making big checks

    Granted this was at a major ISO
    With all due respect, I find that difficult to believe. A funder will not look the other way when you're potentially increasing the risk of defaults and minimum renewal possibilities. How would that funder still have money and stay in business?
    The Brokers Nightmare
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  4. #4
    Senior Member Reputation points: 43268 SendDocsPlox's Avatar
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    Quote Originally Posted by Joseph_Alexander View Post
    With all due respect, I find that difficult to believe. A funder will not look the other way when you're potentially increasing the risk of defaults and minimum renewal possibilities. How would that funder still have money and stay in business?
    When the funder has massive credit facilities and the ISO is providing them with 3-5MM in funded files per month, and when the ISO is working with a few funders at that scale
    that's when

  5. #5
    My name is Steve, my company is BizConnect and I’ll keep this quick.

    We are running scalable Lead Generation platforms for over 70 of your competitors that are performing VERY well.

    I can explain the process in 10 minutes or less and have leads flowing to you and your team within a few days if you like it.

    It works for all financial service businesses including Merchant Cash Advance, Invoice Factoring, Equipment Financing, Hard Money Lending, Residential Mortgage and more…. Basically, for any business that needs Exclusive, Real Time Leads, Clients, Customers, Patients, etc.

    If you could find some time this week or next, let’s meet and talk for a few minutes to see if it fits your business – I think you’ll love what we do….
    Here is a link to my Calendar, let me know when you are available:

    https://calendly.com/steve-0412/free...&month=2022-02

    Thanks,
    Steve


    Steve Rosenblum
    Senior Vice President of Sales
    516.383.8407
    steve@bizconnectads.com

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