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09-18-2013, 09:57 AM #1
- Join Date
- Aug 2013
- Posts
- 196
"Funding Companies" that sell your deal to another funding company
I spoke to one of my ISOs yesterday and he told me that over the past few months he had several deals submitted with a few particular funding companies. These deals were in "underwriting review" for a month or so. Finally the "funding companies" declined the deals. This ISO later found out that the deals were funded by another larger funding company.
Has anyone else run into this issue?
Are all funding companies actually a funding company?
Is all of your work done just so that another broker who is posing as a funding company can take YOUR commissions?
isosupport@mfsglobal.com
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