[rmckellar]

What I typically do is I have several funders like Kapitus or On Deck who I know aren't selling my data or backdooring me, I provide them with the application that has the correct info on it. For most other funders, I have a backup application that before the merchant even signs it, auto populates my phone number into those sections and creates a secondary version of the app. If we get an offer and I'm requesting contracts, I provide the application with the correct info on it because I, you know, want the docs to go to the right place. I've personally never had a funder have an issue with it, including this file that I am working to fund right now. I have caught several shops that were 'funders' or who a 'funder' I submitted to forwarded it to, and they've called my merchants trying to steal said files. It is what it is, I've been in this industry too long to hand some shmuck my commissions and I don't care what some douchebag who isnt one of my funders thinks. There's times I have to send files to a new company that I don't have history with and I don't trust them, and this method has served me well to sort out those pieces of garbage who think they have some right to call my merchant, lie to them, and swindle them into a commission.

[Supremefunding]

What I typically do is I have several funders like Kapitus or On Deck who I know aren't selling my data or backdooring me, I provide them with the application that has the correct info on it. For most other funders, I have a backup application that before the merchant even signs it, auto populates my phone number into those sections and creates a secondary version of the app. If we get an offer and I'm requesting contracts, I provide the application with the correct info on it because I, you know, want the docs to go to the right place. I've personally never had a funder have an issue with it, including this file that I am working to fund right now. I have caught several shops that were 'funders' or who a 'funder' I submitted to forwarded it to, and they've called my merchants trying to steal said files. It is what it is, I've been in this industry too long to hand some shmuck my commissions and I don't care what some douchebag who isnt one of my funders thinks. There's times I have to send files to a new company that I don't have history with and I don't trust them, and this method has served me well to sort out those pieces of garbage who think they have some right to call my merchant, lie to them, and swindle them into a commission.

kapitus sends there declines to ondeck just incase you didnt know

[TheUnderwriter]

kapitus sends there declines to ondeck just incase you didnt know

And On Deck to Big Think (broker)

[rmckellar]

kapitus sends there declines to ondeck just incase you didnt know

I personally have never in a decade of dealing with Strategic, now Kapitus, seen any name other than Kapitus, Colonial Funding, or my company for when we white-labeled with them. I have never seen any evidence of this and I submit to both Kapitus and On Deck the same deals all the time. Maybe they do, but I've never seen a single instance of it.

[CraaaCraaa Radio]

kapitus sends there declines to ondeck just incase you didnt know

even if that is true... so what? have you read your ISO agreement with Kapitus aka Strategic ... a pioneer in the industry...

[Sean Cash]

DailyFunder's traffic is actually soaring

If there's someone whose posts you don't want to see, you can just click on their name and then "add to ignore list" on the left side.

[CraaaCraaa Radio]

DailyFunder's traffic is actually soaring

If there's someone whose posts you don't want to see, you can just click on their name and then "add to ignore list" on the left side.

ha aha aha ah the General in the flesh...

[fundingsmbs]

the same stories pop up on DF regarding backdooring and stealing apps or funder's sending declines to other funder's or through ISOs. the bottom line is, if you want change, and, can prove a cause of action, file a lawsuit. have others join you if its widespread, and, get restitution. Sure, coming on DF serves like going to a shrinks office to tell your stories of wrong doing, but, it's not changing the practice in the business.

[R_Trains Delayed]

What's funny to me is it has been like 5 1/2 year I have been on here and lots of *****ing not much solutions based answers. This seems so simple to me we go do us organized instead of always be divided bickering about backdooring. The solution is and has always been us I am sure there is enough broker capital on here to create a company that does the right thing. We could track all this with blockchain each time submission is sent a token is created we bid on the contracts that we like let's say the token is 50K 3 month average. Until this is met we have a floating deal waiting for ISO now to syndicate in Greed could ruin this. Anyway long story short from file creation to origination is all tracked. We do not deal with anyone else anymore become what we ***** about and will have to wait for our RTR. We might only be able to fund in 6 month intervals. Then 12 then 24 then 50 etc as RTR continues renewals no extra bull**** the buy rate is the new sell rate. 1.20-1.30 plus renewals that adds about 100% maybe a bit more. The total profits if the files are being looked as they should as if this was your money at risk. Of course we can get 200% returns that's not what we will make after expenses and defaults but we will live another day and understand exactly what the Merchant wants do you think Funders get the merchants or underwriters everyone just thinks they are dumb. We want smart merchants clean files deals you would get in for the ROI. Food for though PM me if dig what I am saying.

[BR-Nightmare]

What's funny to me is it has been like 5 1/2 year I have been on here and lots of *****ing not much solutions based answers. This seems so simple to me we go do us organized instead of always be divided bickering about backdooring. The solution is and has always been us I am sure there is enough broker capital on here to create a company that does the right thing. We could track all this with blockchain each time submission is sent a token is created we bid on the contracts that we like let's say the token is 50K 3 month average. Until this is met we have a floating deal waiting for ISO now to syndicate in Greed could ruin this. Anyway long story short from file creation to origination is all tracked. We do not deal with anyone else anymore become what we ***** about and will have to wait for our RTR. We might only be able to fund in 6 month intervals. Then 12 then 24 then 50 etc as RTR continues renewals no extra bull**** the buy rate is the new sell rate. 1.20-1.30 plus renewals that adds about 100% maybe a bit more. The total profits if the files are being looked as they should as if this was your money at risk. Of course we can get 200% returns that's not what we will make after expenses and defaults but we will live another day and understand exactly what the Merchant wants do you think Funders get the merchants or underwriters everyone just thinks they are dumb. We want smart merchants clean files deals you would get in for the ROI. Food for though PM me if dig what I am saying.

Cocaine's helluva' drug

[NotALoan]

Just caught these guys calling a merchant that I submitted to them, and that someone I submitted to also sent to them apparently. Put my phone number as the merchant number and what do you know, "Chris, from Fundshop's underwriting department" called thinking it was the merchant trying to backdoor me.

How do you know that the underwriter was trying to backdoor you? What did they say to you specifically?