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07-12-2024, 04:54 PM #5
Reputation points: 517
- Join Date
- Dec 2023
- Posts
- 48
This was my question - so your approach is get an approval, then circle back if you feel its needed (funder doesn't pay, or pays a minimal amount). Thanks for sharing that. Do you give them a heads up that they may be on the hook for a PSF, or present that with the approval and say either you pay me or I don't share the approval? Seems like there would be potential to spend time getting to an approval, and then have a client decline to sign. OK, they don't get the loan, but you also wasted your time.
No judgement on your approach, just curious how others are approaching it.
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