[Olderguy]

I've gotten a lot of calls lately from brokers who have deals (real estate, purchase order financing, development, large W/C bridge loans to take out MCA) and came to me asking for help.

So here's how I have been handling these.

I suggest the broker do a conference call with me and the merhant. Introduce me as a Senor Loan Officer and Underwriter.

I do the discovery on all the options that might be available to the merchant. In listening to the call, the broker learns about programs where they have little experience.

If this becomes a regular pattern, I tell the broker that I can set myself up with a separate email signature using their company signature. Thus I can email back and forth with the clients as if I am really a part of the company. The only drawback is my email still shows steveprobiz@gmail.com

I have a couple of broker shops who have set me up in their email systems with my own email so it really shows I am part of the company.

They also have the ability to listen to the calls and learn.

I am more than willing to work with you guys so you can expand your operations into areas you don't have a current level of knowledge. Eventually you won't need me and will be able to handle these calls yourselves.

On the other hand, you may just want to let me handle the whole package and just leave yourself to dealing with more valuable MCA business.

Just thought I'd pass this along to help you expand your business into unfamiliar areas.

[abfunders]

This belongs in Promotions

[JasonBishop]

I've gotten a lot of calls lately from brokers who have deals (real estate, purchase order financing, development, large W/C bridge loans to take out MCA) and came to me asking for help.

So here's how I have been handling these.

I suggest the broker do a conference call with me and the merhant. Introduce me as a Senor Loan Officer and Underwriter.

I do the discovery on all the options that might be available to the merchant. In listening to the call, the broker learns about programs where they have little experience.

If this becomes a regular pattern, I tell the broker that I can set myself up with a separate email signature using their company signature. Thus I can email back and forth with the clients as if I am really a part of the company. The only drawback is my email still shows steveprobiz@gmail.com

I have a couple of broker shops who have set me up in their email systems with my own email so it really shows I am part of the company.

They also have the ability to listen to the calls and learn.

I am more than willing to work with you guys so you can expand your operations into areas you don't have a current level of knowledge. Eventually you won't need me and will be able to handle these calls yourselves.

On the other hand, you may just want to let me handle the whole package and just leave yourself to dealing with more valuable MCA business.

Just thought I'd pass this along to help you expand your business into unfamiliar areas.

This belongs in promotions Old Timer.

[Olderguy]

It's not a promotion...I'm not selling anything....LOL

I'll move it though...

423132945_10230024524453749_8214165609617351617_n.jpg

[mistamca]

It's not a promotion...I'm not selling anything....LOL

So you made this entire post to make no money? You pretty much did everything but mentioned costs

[Olderguy]

So you made this entire post to make no money? You pretty much did everything but mentioned costs

I don't charge anything..I share commissions.

[abfunders]

I don't charge anything..I share commissions.

That means you charge 30-50% buddy. Semantics.

[Olderguy]

That means you charge 30-50% buddy. Semantics.

The client pays a broker fee to the lender, lender pays me and I pay the broker half of it...

Am I having a battle of wits with an armed or unarmed man?

[abfunders]

The client pays a broker fee to the lender, lender pays me and I pay the broker half of it...

Am I having a battle of wits with an armed or unarmed man?

Ad hominin attacks again. I should have expected that. The good news is I have enough self-esteem to ignore that.

Okay, let's use 3rd-party definitions. I know that's playing fair, and you don't like absolute truths, but let's try.

Here's what Daily Funder puts as their description of the "Promotions" section:
"The spot where you can talk about yourself and your company all you want. Self promote!"

Meanwhile, you posted this in "All Other Lending" which has the following description:
ABL, Factoring, P2P Lending, Real Estate, etc. (Discussion only)

This post was are promoting yourself, and offering to split commission (either you get paid half, or you pay the brokers half, it's semantics) and not a discussion piece. So now - you tell me where does it belong?

[Olderguy]

Ok....so you may be right and I reposted it there...A lot of guys are looking for answers to real estate questions. Good to see the forum police are active.

I guess I didn't see it as peddling but as an informative service.

If you saw it as peddling, then it belongs in promotions, but as an informative service, maybe I had it in the right place after all.

[JustInCase]

[JustInCase]

[Olderguy]

brokers want clients to know it's the broker's experience and relationship they want to build, not a third party.

[Olderguy]

Mr. Smith, Please allow me to introduce you to our underwriter "Senor Steve" he's our top loan officer. How's that buddy? lol All in fun brother.

Nah...here's our older guy who has alzheimers so be patient with him...

[JustInCase]

[JustInCase]

[Yankeeman07]

That means you charge 30-50% buddy. Semantics.

Why do care how Steve is conducting his business? No one is forcing a novice broker to agree to Steve's Terms.

[Kevin Henry-Seacoast]

Why do care how Steve is conducting his business? No one is forcing a novice broker to agree to Steve's Terms.

Because this belongs in promotions. Steve defended his position as he claims he's not charging a fee. The reality is that he does charge a fee and/or spilt commissions. That being said, he is getting paid for the service and promoting the service.....This belongs in promotions. Steve complains when others do this and turns around and does it himself.

[Yankeeman07]

Because this belongs in promotions. Steve defended his position as he claims he's not charging a fee. The reality is that he does charge a fee and/or spilt commissions. That being said, he is getting paid for the service and promoting the service.....This belongs in promotions. Steve complains when others do this and turns around and does it himself.

DF offers two Sub-Forums - Promotions & "Everything Else" - which is defined as off-topic discussions, etc.
I suspect if SM had an issue he would have moved the post.