[TheConfidentBroker]

Watermarking bank statements with adobe is considered altering - tech that provides the watermarking copy only for tracking or presentation to lenders that does not alter the original author of the statements is acceptable.

If the watermark is used for tracking and submitting to approved lenders within the organization ("For Lender use only") - you can utilize a third party tech company like aquamark and the funders who approve this method of submissions.

Using your own adobe license or other means of watermarking is just stamping a bank and renaming/saving it with no other tracking or approved method of safer submission practices.

We are in an industry where many of the participants shouldn't legally even be touching bank statements and/or SSN information therefore to many all of this doesn't matter because they will just lie and forge signatures and information anyway.

BUT if you are one seeking innovation to change or combat the ways in which your merchants are "protected" - please realize that 90% of the "funders" claimed "lenders" posting dont give a **** about you or the next broker and will fund the 6th position off of a show of hands and a borrowed cigarette.

[TheConfidentBroker]

*ALSO - our industry (Revenue based financing - merchant cash advance - whatever you want to call it) is so far behind for many to call themselves "FinTech" in any capacity. If you accept deals using email - you are not fully FinTech enabled and the only reason real funding companies have no merged to full SaaS systems is because they still rely on the outdated ways of the unregulated Broker/ISO for origination and at the end of the day collecting data is more valuable than your opinion on any of this.

Carry on...

[B2 Systems]

Some of the best deal security practices I've seen involve a good funding relationship with your lenders:



-Send them only deals that fit their bucket
-If you get a lot of approvals from that Lender, get them closed
-Be considerate about using a Lender for underwriting, only to close the offer somewhere else
-Try not to put your lender's money at risk if you can help it


If a Lender values you as an Iso because you give them a lot of business, they are less likely to backdoor you, and a rogue employee is less likely to try it as well, because its more risky for them (they are more likely to attempt it on the lesser-known broker shops)


We have a lender on our platform where an Iso was backdoored, and the Iso was still paid their commission. When Isos submit under our umbrella, they receive the same clout as if they were sending 100 files a month to a lender.



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B2 Systems
No-Touch, 100% Accurate Data Processing + Full Funder Submissions
Humans no longer required...

https://b2systems.io/

ISO Success Steps with B2 Systems:

Step [1]: Email App to Merchant
Step [2]: Enjoy Lunch
Step [3]: 3 Real Approvals When you Get Back
Step [4]: Close

David Tan - 15+ Years in Finance, Business, Tech

(321) 800-2304
Cocoa Beach, Florida