[seasonedfunder]

every time I send out a deal my merchants somehow get a bunch of calls from brokers 30-60 min later. I understand its not suggested to have too many funders but sometimes I need an offer from a B or C paper funder when A declines or vice versa. I try to keep it down to like 3-4 funders but sometimes I just need to shop it out to 4-5 more. no matter how many times I try and put a number on the app, the bait doesn't work. backdoor shops became too smart for that.

Here is a list of funders I am signed up with, If you guys have had a clear situation of them backdooring right away, please let me know (I already know that some of the A lenders have a sales team but at least they give you the courtesy to wait 30 days before calling)

TVT
Credibly
Balboa
Kapitus
Lendr
Fora
Pirs
IOU
Smart Step
Forward
Wall
Rapid
VOX
EBF
Pearl
Fundfi
Highland Hill
Delta bridge
E Advance
ACE
Capitalize
Splash


I have a few more but those I've already caught doing it

[BR-Nightmare]

every time I send out a deal my merchants somehow get a bunch of calls from brokers 30-60 min later. I understand its not suggested to have too many funders but sometimes I need an offer from a B or C paper funder when A declines or vice versa. I try to keep it down to like 3-4 funders but sometimes I just need to shop it out to 4-5 more. no matter how many times I try and put a number on the app, the bait doesn't work. backdoor shops became too smart for that.

Here is a list of funders I am signed up with, If you guys have had a clear situation of them backdooring right away, please let me know (I already know that some of the A lenders have a sales team but at least they give you the courtesy to wait 30 days before calling)

TVT
Credibly
Balboa
Kapitus
Lendr
Fora
Pirs
IOU
Smart Step
Forward
Wall
Rapid
VOX
EBF
Pearl
Fundfi
Highland Hill
Delta bridge
E Advance
ACE
Capitalize
Splash


I have a few more but those I've already caught doing it

How did you obtain your Merchant?

[SendDocsPlox]

I have never seen a shop leak backdoors harder than Splash. Someone at that company desperately needs to plug the leaks because every time someone is buying packs half of them are Splash apps

If that helps

[ridextreme]

I don't wanna be that guy, but the odds are, if it's happening every time you send out a submission, it's more likely someone in your office.

[A. Grippo]

When I was processing I used to mark deals that the merchant received calls from brokers right after submitting, that way the next time it happened I could cross reference with the previous deals to find the common denominator funder. You find the common denominator you halt subs to that funder for a few days and see if it still happens

[seasonedfunder]

I have about 100 subs a day going out it would be nearly impossible to track something like that also since the merchants are hard enough to get to take a deal these days, let alone giving me their phone activity since other brokers are promising them the world so they end up blocking my guys anyways

[BR-Nightmare]

I have about 100 subs a day going out it would be nearly impossible to track something like that also since the merchants are hard enough to get to take a deal these days, let alone giving me their phone activity since other brokers are promising them the world so they end up blocking my guys anyways

But where are these subs coming from?

Are they leads?

[seasonedfunder]

But where are these subs coming from?

Are they leads?

yes, they are being brought in the old fashion way. Calling lists

[BR-Nightmare]

I'll bet money at least 25 brokers have that list.

How do lead companies make money? They sell the same leads.

[seasonedfunder]

I'll bet money at least 25 brokers have that list.

How do lead companies make money? They sell the same leads.

Of course, I always assume merchants are not loyal but if I have a renewal that I am working on and have known the guy for years then out of the blue I shop him and he suddenly gets 30 calls, the answer is not my leads for the most case

[A. Grippo]

I have about 100 subs a day going out it would be nearly impossible to track something like that also since the merchants are hard enough to get to take a deal these days, let alone giving me their phone activity since other brokers are promising them the world so they end up blocking my guys anyways

Nobody wants to do it but a minute spent now (when your rep finds out, he tells the processor) is thousands of dollars saved and into your pocket

inveniam viam

[BR-Nightmare]

every time I send out a deal my merchants somehow get a bunch of calls from brokers 30-60 min later.

That's your initial claim, not just your renewal.

I believe a soft pull is an immediate trigger lead that can be sent quickly.

Your issue wont be resolved quickly.

I'd recommend properly educating your Merchant and setting the right expectations for what would arise.

[seasonedfunder]

That's your initial claim, not just your renewal.

I believe a soft pull is an immediate trigger lead that can be sent quickly.

Your issue wont be resolved quickly.

I'd recommend properly educating your Merchant and setting the right expectations for what would arise.

likely scenario, but backdooring would be more realistic given that one of the merchants sent me a screenshot of a text showing the broker sending her a pic of my app

[BR-Nightmare]

If you can't share the evidence, we can not validate your claim

[mistamca]

I have about 100 subs a day going out it would be nearly impossible to track something like that also since the merchants are hard enough to get to take a deal these days, let alone giving me their phone activity since other brokers are promising them the world so they end up blocking my guys anyways

$200/month on Twilio will catch most cases of backdooring

[goatFunding]

every time I send out a deal my merchants somehow get a bunch of calls from brokers 30-60 min later. I understand its not suggested to have too many funders but sometimes I need an offer from a B or C paper funder when A declines or vice versa. I try to keep it down to like 3-4 funders but sometimes I just need to shop it out to 4-5 more. no matter how many times I try and put a number on the app, the bait doesn't work. backdoor shops became too smart for that.

Here is a list of funders I am signed up with, If you guys have had a clear situation of them backdooring right away, please let me know (I already know that some of the A lenders have a sales team but at least they give you the courtesy to wait 30 days before calling)

TVT
Credibly
Balboa
Kapitus
Lendr
Fora
Pirs
IOU
Smart Step
Forward
Wall
Rapid
VOX
EBF
Pearl
Fundfi
Highland Hill
Delta bridge
E Advance
ACE
Capitalize
Splash


I have a few more but those I've already caught doing it

you should be working with

LG
Fox
Fiji
Cedar

They are not stealing your deal

[OnTheRopes]

$200/month on Twilio will catch most cases of backdooring

Only if it's coming from within your own office, right?

[seasonedfunder]

$200/month on Twilio will catch most cases of backdooring

what would that do?

[Finance Guru]

I see we are not on your Funder list as of yet to fill that B-C space. We would love that opportunity to fund your deals.

[seabrookfunding]

As would we and you won't get calls from sending to us

[Illfundit]

Splash
Capitalize
E advance
Ace are potentially who might be ur target