Everest Backdooring
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  1. #1

    Post Everest Backdooring

    Funded a file With Everest twice over the course of 6 months for 25k both times
    Both were new deals and not a renewal.
    Ana M. Del Rio from Everest "Refinance Dept" Reached out to the merchant Asking if they were looking for more funds and did another 25k deal directly with the merchant.
    Merchant has his statements sent to me every month and I noticed that EBF funded .
    Just got off the phone with Everest iso support asking for my comm on this file and they said that any deal that is funded with EBF directly is their file and since they took the risk funding the file they are not going to be paying comm here.
    Safe to say I will not be working with EBF anymore

    if anyone would like to see screenshots of EBF reaching out and funding the file please PM me
    Last edited by babybroker; 07-02-2024 at 02:59 PM.

  2. #2
    Senior Member Reputation points: 73821 Olderguy's Avatar
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    Funding Circle used to do the same. After I funded a loan with them, their direct sales people would call my client monthly looking for a renewal.
    Last edited by Olderguy; 07-02-2024 at 03:26 PM.
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  3. #3
    Quote Originally Posted by babybroker View Post
    Funded a file With Everest twice over the course of 6 months for 25k both times
    Both were new deals and not a renewal.
    Ana M. Del Rio from Everest "Refinance Dept" Reached out to the merchant Asking if they were looking for more funds and did another 25k deal directly with the merchant.
    Merchant has his statements sent to me every month and I noticed that EBF funded .
    Just got off the phone with Everest iso support asking for my comm on this file and they said that any deal that is funded with EBF directly is their file and since they took the risk funding the file they are not going to be paying comm here.
    Safe to say I will not be working with EBF anymore

    if anyone would like to see screenshots of EBF reaching out and funding the file please PM me
    Did EBF Fund again after the merchant was PIF on your deal or it was when there was still a balance?

  4. #4
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    Nothing new. EBF is a sham

  5. #5
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    Quote Originally Posted by diditevenfund View Post
    Nothing new. EBF is a sham
    I've never used them. I've always gotten better deals @ fundworks efin tvt etc

    I've probably lost hundreds of small Vader deals possibly to them, who knows

  6. #6
    Old news, only send to them as a last resort

  7. #7
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    Quote Originally Posted by David6ix View Post
    Did EBF Fund again after the merchant was PIF on your deal or it was when there was still a balance?
    If it was still with balance thats a huge ass red flag.

    If it was PIF after two weeks. They probably reached out through their broker shop Alpine

  8. #8
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    Quote Originally Posted by Robinhood21 View Post
    If it was still with balance thats a huge ass red flag.
    What was the percentage that was paid back

  9. #9
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  10. #10
    Quote Originally Posted by babybroker View Post
    Funded a file With Everest twice over the course of 6 months for 25k both times
    Both were new deals and not a renewal.
    Ana M. Del Rio from Everest "Refinance Dept" Reached out to the merchant Asking if they were looking for more funds and did another 25k deal directly with the merchant.
    Merchant has his statements sent to me every month and I noticed that EBF funded .
    Just got off the phone with Everest iso support asking for my comm on this file and they said that any deal that is funded with EBF directly is their file and since they took the risk funding the file they are not going to be paying comm here.
    Safe to say I will not be working with EBF anymore

    if anyone would like to see screenshots of EBF reaching out and funding the file please PM me

    I do believe this, I've seen similar actions from EBF sales team.

    If you're looking for funders who are in that same box with no shady behavior.

    Check out FDM| Fintap| Select | CapitaWize |

    Quick search online you can find them & sign up!

  11. #11
    Shocking....

  12. #12
    If the original balance was paid in full it's technically not a renewal. Everest doesn't retain exclusivity for the original ISO once paid in full, any other ISO could have funded it too, so them doing it in house is the same as another ISO doing it.

    Doesn't feel right, but technically well within their rights and agreement with you...

  13. #13
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    Quote Originally Posted by babybroker View Post
    Funded a file With Everest twice over the course of 6 months for 25k both times
    Both were new deals and not a renewal.
    So they gave her two positions, or did they pay one off fully before taking the second one?

  14. #14
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    EBF is one of the worst funders. My experience is everything gets killed in final.

  15. #15
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    Quote Originally Posted by FCG View Post
    EBF is one of the worst funders. My experience is everything gets killed in final.
    They were okay years back, but like many others out there turned clown post covid. Much better options, however Vader is nice to have.

  16. #16
    Alpine? Like Alpine -- www.AlpineAdvancellc.com?

    I funded some deals with them. Alpine that is.

    But yes I got my deal back doored by EBF as well. But honestly everyone is backdooring. Just gotta have merchant on lock and get it done as soon as offer comes in.

  17. #17
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    Quote Originally Posted by Capital F View Post
    Alpine? Like Alpine -- www.AlpineAdvancellc.com?

    I funded some deals with them. Alpine that is.

    But yes I got my deal back doored by EBF as well. But honestly everyone is backdooring. Just gotta have merchant on lock and get it done as soon as offer comes in.
    This is their broker shop

    https://alpinefundings.com/

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