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06-11-2013, 12:41 PM #1
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- Apr 2013
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Base Buy Rates
I'm interested in hearing what you guys consider a decent average buy-rate for an ISO Agreement. From what buy-rates does your commission drop on a deal?
I was recently given an approval on a standard deal that started pretty high, and of course the lender was expecting me to down-sell and thus have my commission lowered (rather than just starting the approval at that lower & standard buy-rate initially). I've noticed it here and there but was wondering if you guys are seeing the same thing.
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06-11-2013, 01:36 PM #2
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- Sep 2012
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- New York, NY
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- 1,780
If you're getting about 8% commission on a standard six month 1.38 deal that's about average among many lenders.
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06-11-2013, 03:59 PM #3
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- Apr 2013
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06-11-2013, 04:25 PM #4
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- Sep 2012
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Yes 8% of payback for MCAs is the norm but sometimes it's 6% upfront and 2% as residual. ACH loans typically pay 10-12% of the funded amount.
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06-12-2013, 12:45 PM #5
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- Apr 2013
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06-11-2013, 02:07 PM #6
I just did a deal with a company that gives you 25% percent of the factor rate and once they funded the deal thats when they told me that it was a buy-rate; i was pissed off.
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06-11-2013, 04:00 PM #7
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- Apr 2013
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06-12-2013, 01:42 PM #8
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- Sep 2012
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- 1,780
Yes I encounter that with AMI a lot. A six month deal will have a higher factor than an eleven month deal. Go figure!