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10-25-2015, 10:06 AM #1
- Join Date
- Oct 2014
- Posts
- 257
Official Sales Tip Of The Day Thread
John,
I feel bad for any funder that is signed up with you. The soft pull bull**** is an absolute joke. Why would I want anything to do with your headache business practices? As a funder when you send me a deal I expect you have vetted the file and are sending it just me. In reality you are ****ting the file around to a bunch of different lenders without a credit pull which drastically increases my chances of getting stacked on. You're better off sending it to one funder to do a credit pull that you have a relationship with that you KNOW will make an offer. Maybe 2 at most. Just my 2 cents....
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10-25-2015, 03:35 PM #2
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Doubt the funders have any regrets, not had a default yet. Most of my clients eventually end up with a decent paydex. But we have different styles. Never had a funder cxl me either. All I suggest is that ISOs try to limit competition by not allowing alot of enquiries on their clients. I agree with only sending the file out to a few lenders though. I do not like the stacking but it is hard to prevent as so many funders are willing to do it and so many advertise that they won't file UCCs. Earlier I made the argument that stacking is like someone with 10 credit cards....
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