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01-15-2025, 09:35 AM #1
Mulligan & Greenbox Layoffs?
Need confirmation if there is truth behind these.
Sad to see the good guys close shop (if both of these are true), hopefully they pivot. They are basically institutions in our industry that deserve respect for what they accomplished.
Plenty of broker shops also did the same recently.
Economy is cycling….Anthony Diamond
Underwriter first, Head of Risk second.
Casa Capital
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01-15-2025, 11:32 AM #2
Mulligan is definitely not closing up shop, they are still active and funding. Did not hear about layoffs happening at Greenbox as well.
https://debanked.com/2025/01/recent-...ligan-funding/
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01-15-2025, 12:49 PM #3
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Everyone thinks everyone is shattering records based on what they post on social media, then subsequent actions say otherwise. Things aren't as strong as everyone claims. Those that have legal lead gen at a good cost per have things figured out.
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01-15-2025, 12:56 PM #4
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01-15-2025, 04:30 PM #5
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Working with Mulligan and Greenbox for a long time,
Greenbox's internal management has been completely changed, and lots of them have moved forward into another company
But Mulligan is funding a lot!
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01-15-2025, 05:59 PM #6
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Jordan Fein.png
Greenbox CEO reading this
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01-15-2025, 07:28 PM #7
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01-16-2025, 10:41 AM #8
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Greenbox changes ISO reps seems like every quarter, they are thoroughly micromanaged and Jordan's mood swings are a part of it.
Other then that, the fact they are still around since the big data leak years ago, Covid and just Jordan mgt style is somewhat surprising, hes doing something right.
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01-16-2025, 01:39 PM #9
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01-24-2025, 01:07 PM #10
Agreed for some reason despite being a Priority 1 iso through the majority of past 18 months our iso rep has changed 3x
Pricing is very aggressive , truly a very unique box , if you understand it well & are a priority 1 / 2 broker, they will fund deals in lots of situations that seemingly no-one else can / is willing to, Obviously as a broker that is huge for us to retain clients long term, And EPA's are the best in the game going out like 75% of the term.
as for layoffs cant speculate as an outsider but they have been pretty public about changing their standard operating procedure , cutting down on ISO reps to instead grow the team of UW's.
Only complaint is the funding checkout bank verification -- Had well over 20 clients do the checkout & only Once has the BV worked.Last edited by fundinggrasshopper; 01-24-2025 at 03:22 PM.
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