[Karen37a]

You can tell when someone is getting ready to be bought out when they are whipping people into sending submissions and you get a low low low low low low low rate of approvals.And when you ask underwriting questions you hear crickets ....or worse yet get yelled at and told you need to go to underwriting school ( as I was told recently by someone).

They will just save the files and revisit them in a month or so...best part is for them is that they have most of the documents in.

Also Iso's do not have a reverse non compete agreement
with the companies we send the files to. So they have the right to call them or recirculate them after a certain time passes.
So how do you know if they are purposely stalling files to make it past the bingo point where its up for grabs or it TRULY does not qualify? If you have a relationship with your merchant/client...the deal should not be stolen. BUT some of the merchants are not the best people either and they do not care who they do a deal with.

The only way you are going to matter to the lenders is to do big volume

I do not let my files loose until I believe with 90% certainty that it can be funded...then I still only have an 70-80% approval ratio and a 30-70 % closing ratio after that.( depending on which sales person is closing the deal)

Welcome to the world of Merchant Cash Advances