Thoughts on Lenders asking for Personal Guarantee and Agents/ISO SSN
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  1. #1
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    Question brokers out there with criminal records

    Quote Originally Posted by closer129 View Post
    Funders need to protect ourselves. There are brokers out there with criminal records lying to get paid commissions or scumbags brokers that also hide stuff and lie.
    Is it not the function a underwriter to screen applications, documents, and verify information from the merchant?

    Are you stating that because someone had a blemish on their record, that they are not entitled to their commissions?
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  2. #2
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    Quote Originally Posted by Yankeeman07 View Post
    Is it not the function a underwriter to screen applications, documents, and verify information from the merchant?

    Are you stating that because someone had a blemish on their record, that they are not entitled to their commissions?
    He's talking about the Broker, not the Merchant.

    If we vet a broker attempting to sign up who has been one of those "bad apples" in the industry, you bet your ass either I'd decline them or have them put a PG.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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