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04-16-2024, 02:56 PM #1
- Join Date
- Feb 2023
- Posts
- 7
Lendora Partnership with OnDeck?
Sent a submission into Lendora last week and the emailed back stating if we would like the submission sent to OnDeck to resubmit the application with the merchants email and telephone number. Has anyone had any experience submitting to OnDeck through them? Seemed odd to us. Any information would be appreciated it.
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04-16-2024, 03:16 PM #2
- Join Date
- Mar 2024
- Posts
- 247
OnDeck has cut off a lot of brokers for missing KPIs. If they are willing to help facilitate that and you do not have OnDeck, that can be good for you.
Edit: However it should be very clear exactly how this will go commission wise, renewal wise etc in writing before allowing a partner to submit to another lender/funder on your behalf.Last edited by diditevenfund; 04-16-2024 at 03:24 PM.
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04-16-2024, 03:38 PM #3
- Join Date
- Feb 2023
- Posts
- 7
Yes I do see the benefit. I was aware of the OnDeck cut offs. Lendora stated how all the commission stuff would go in the email. I just did not know if anyone has experienced this process with Lendora.
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04-16-2024, 04:42 PM #4
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- Mar 2024
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- 247
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04-16-2024, 05:39 PM #5
- Join Date
- Dec 2018
- Posts
- 37
Lendora is a chop shop....
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04-16-2024, 06:10 PM #6
- Join Date
- Aug 2021
- Posts
- 167
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04-17-2024, 05:47 PM #7
- Join Date
- Dec 2022
- Posts
- 68
Lendora is a superbroker/funder
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