[Ryan Shiroky]

I feel like this would not only be illegal, but unethical as well... That might just be me though...

[Sean Cash]

I feel like this would not only be illegal, but unethical as well... That might just be me though...

there are already companies that do this Ryan. As long as the application grants the company the ability to share data with 3rd parties, it's going to happen. My question though is, if you can get as far as the point where you are collecting docs, why would you sell the lead at that point? Why not just close the deal?

[JayBallentine]

there are already companies that do this Ryan. As long as the application grants the company the ability to share data with 3rd parties, it's going to happen. My question though is, if you can get as far as the point where you are collecting docs, why would you sell the lead at that point? Why not just close the deal?

A premier "lead seller" has decided to only sell "packages." Meaning completed apps, etc. I asked him the same question; "why not just make the money on the deals yourself?" His reply was basically this; if by submitting the package the deal is 30, 40, or 50% done - then he's smart to cash in and pass on the rest of the costs to the broker / funder.

I honestly lost all respect for the guy - for other reasons, but I do see his logic.