[powerhousecapital]

Mulligan Paused Funding ? Anyone else hear this

[diditevenfund]

Not sure if they actually paused, I know their ISO channel has been thinned dramatically though. Where did you hear of an outright pause?

[Robinhood21]

Mulligan Paused Funding ? Anyone else hear this

just funded a deal the other day with them

[diditevenfund]

They are actively suspending people who are not funding enough. I highly doubt they paused their operation.

[Back Pocket Funder]

They told me they are opening up their box actually and funding more than ever. They also mentioned they were kicking off shops that aren't funding volume with them so maybe you guys arent funding enough.

[closer129]

They told me they are opening up their box actually and funding more than ever. They also mentioned they were kicking off shops that aren't funding volume with them so maybe you guys arent funding enough.

I do not blame them or any funder for doing that. Why should funders keep an iso on the books that just waste their underwritings time reviewing files that are not in thier box or do not get sold. I deal with this every day from iso's.

[diditevenfund]

I do not blame them or any funder for doing that. Why should funders keep an iso on the books that just waste their underwritings time reviewing files that are not in thier box or do not get sold. I deal with this every day from iso's.

Mulligan has poor communication as well and will not respond to deals for days and days.

[closer129]

Mulligan has poor communication as well and will not respond to deals for days and days.

I am a iso rep for a good funder so i do not know how mulligan operates. I just pointed out what some funders go through and why the would get rid of brokers. I always respond to my brokers emails any time of the day.

[Back Pocket Funder]

What company are you with? Might want to sign up if we aren't already working together.

[freeprocessing]

I am a iso rep for a good funder so i do not know how mulligan operates. I just pointed out what some funders go through and why the would get rid of brokers. I always respond to my brokers emails any time of the day.

Guy has never not used a thread to self promote. Your replies should have a separate section in the "promotions" section.

[Seth Davis]

You heard wrong my friend

[JakeS]

What happened to the details on what's new at Mulligan ?
This thread got derailed by the guy who almost got a deal on Shark Tank 12 yrs ago.
WTF

[diditevenfund]

What happened to the details on what's new at Mulligan ?
This thread got derailed by the guy who almost got a deal on Shark Tank 12 yrs ago.
WTF

Cliff notes. Someone who got cut off thought Mulligan ceased funding. In reality they are doing massive sweep outs of brokers not funding.

[14Funded99]

im on with them if you want to send me your stuff for a small override. if they are good quality with 3 years financials i can probably get them bank financing. just did a 1 mil Term with TD and 1.25 mil with PNC buying out all my clients mca debt. one even had ram in it lol. credit needs to be above 650 and rev above 2.5 mil annual with profits and or assets.

[FINTEGIC]

We do ask for a lot of *** because one there are a lot of scammers out there. To many brokers and merchants lying to good funders to get a deal done and have no intention of paying or getting lied to in order to get money they cant afford to pay back. Our money is self invested and we do not borrow any money from investors or warehouse lines with nothing to lose when we fund a deal. It is very easy to run a soft credit pull and as for a driver licenses and voided check and bank login when you have nothing to lose. Give me your money to fund and we ill ask for nothing and when ou lose your money you will not like that. It is very rare we will decline a file at the end that can be found in the beginning. Somethings do not show up on credit on new york case search that we now check on submission. But no funder runs criminakl abck ground searches judgments tax liens tlos's ucc searches untl contracts are signed and thacan come up and kill a deal last minute.

This is absolutely not true. Many many lenders look up crim, credit and defaults before issuing offers. It’s called not bull**** ultra soft underwriting