Results 1 to 25 of 28
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04-04-2024, 10:59 AM #1
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- Nov 2022
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- 53
Mulligan Paused Funding ? Anyone else hear this
Mulligan Paused Funding ? Anyone else hear this
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04-04-2024, 11:17 AM #2
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- Mar 2024
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- 93
Not sure if they actually paused, I know their ISO channel has been thinned dramatically though. Where did you hear of an outright pause?
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04-04-2024, 11:29 AM #3
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- Aug 2021
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- 146
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04-04-2024, 11:37 AM #4
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- Mar 2024
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- 93
They are actively suspending people who are not funding enough. I highly doubt they paused their operation.
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04-04-2024, 01:30 PM #5
- Join Date
- May 2023
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- 17
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.
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04-04-2024, 01:57 PM #6
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- Nov 2019
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- 657
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04-04-2024, 02:17 PM #7
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- Mar 2024
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- 93
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04-04-2024, 02:24 PM #8
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- Nov 2019
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- 657
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04-04-2024, 02:26 PM #9
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- May 2023
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- 17
What company are you with? Might want to sign up if we aren't already working together.
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04-04-2024, 02:27 PM #10
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- Feb 2023
- Posts
- 44
You heard wrong my friend
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04-04-2024, 02:39 PM #11
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- Nov 2019
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- 657
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04-04-2024, 02:51 PM #12
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- Jul 2017
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- 545
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04-04-2024, 03:03 PM #13
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- Nov 2019
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04-04-2024, 03:25 PM #14
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- Jul 2017
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- 545
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04-04-2024, 04:24 PM #15
- Join Date
- May 2023
- Posts
- 17
I remember running a CC split deal with TMRNOW. It was a grueling and painful process. You guys had my merchant send 20 stips and even changed the CC processor to whatever CC processor you guys wanted him to use. Went through all that just for your UW to kill it for a default. Worked it for a whole week and made my merchant switch processors for nothing. Never again sorry scotty. Good guy but never again.
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04-04-2024, 04:25 PM #16
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- May 2023
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- 17
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04-04-2024, 04:27 PM #17
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- Mar 2024
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- 93
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04-05-2024, 02:57 PM #18
I'm not familiar with this funder but when you do a CC split deal, it does require the merchant to switch processors, that's how the deal gets paid back and killing deals just prior to funding is nothing new in this industry, so one deal that they couldn't fund shouldn't be a reason to say "never again" to a funder or you might eventually run out of funders!
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04-05-2024, 03:02 PM #19
- Join Date
- Nov 2019
- Posts
- 657
What deal was this so i can see if was the rep or someone that is not here anymore. If the merchant had a prior default then it should of been declined. But if it was something that could of been found before all that I apologize and should not of happened. But if nothing came up on the initial findings and something popped up last minute that made us look harder then it is something out of our control.
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04-05-2024, 03:12 PM #20
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- Nov 2019
- Posts
- 657
Thank you for the comment. We do not always need to switch the processing over. We can try to do a lockbox but if a file is so risky we do want that to be a condition of the funding. We try not to let things kill a file at the end which most times they do not but once in awhile it does happen especially if the merchant is not honest with the broker and honest with us.
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04-05-2024, 03:28 PM #21
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- Sep 2021
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- 182
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04-05-2024, 03:53 PM #22
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- Jul 2017
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- 545
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04-05-2024, 03:58 PM #23
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- Nov 2019
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- 657
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.
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04-05-2024, 05:29 PM #24
- Join Date
- Apr 2016
- Location
- Ft Lauderdale
- Posts
- 57
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.
WTFJake Strelzik
305- 785-2548
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04-05-2024, 06:25 PM #25
- Join Date
- Mar 2024
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- 93
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