[JoeLepkoski]

Golf your way off here . Why would a company want to be first position of they can give less on a shorter term and higher factor then the first . They are out and when the merchant goes bad the first guy gets screwed . That has always been pearl and Yellowstone way . For example they can go 6 months on a second but if the first position is 6 months they will give you only a 3 month offer

Michael that may have been the Yellowstone way for a time, but Yellowstone is not the same company it was a few years ago, or even a year ago for that matter. We've been offering 4, 5, 6, or even 7 months on second, third, and even select fourth position deals. Isaac and the new management team at YSC/Fundry have been working non-stop to make YSC a lender that can be competitive on any file, and not just giving the same predictable offer on every deal like so many in the industry assume.

[AndyYSCISOdept]

Michael that may have been the Yellowstone way for a time, but Yellowstone is not the same company it was a few years ago, or even a year ago for that matter. We've been offering 4, 5, 6, or even 7 months on second, third, and even select fourth position deals. Isaac and the new management team at YSC/Fundry have been working non-stop to make YSC a lender that can be competitive on any file, and not just giving the same predictable offer on every deal like so many in the industry assume.

Taking our terms out longer and longer on 2nd and 3rd position deals is the only way we have managed to stay competitive. And that is the directive we've been given by Isaac and the management team.

[Michael I]

Michael that may have been the Yellowstone way for a time, but Yellowstone is not the same company it was a few years ago, or even a year ago for that matter. We've been offering 4, 5, 6, or even 7 months on second, third, and even select fourth position deals. Isaac and the new management team at YSC/Fundry have been working non-stop to make YSC a lender that can be competitive on any file, and not just giving the same predictable offer on every deal like so many in the industry assume.

Joe are you telling me if pearl somehow got a merchant to take a 4 month deal as a first that yellowstone will come in as a second with a 7 month deal ?
i know you will do a 7 months if the merchant has a 12 month with on deck . but i have never seen a second position give longer then the first with the exception of quarter spot and iou .

[AndyYSCISOdept]

Joe are you telling me if pearl somehow got a merchant to take a 4 month deal as a first that yellowstone will come in as a second with a 7 month deal ?
i know you will do a 7 months if the merchant has a 12 month with on deck . but i have never seen a second position give longer then the first with the exception of quarter spot and iou .

I think if the merchant only qualified for a 4 month deal as a first position he probably wouldn't qualify for a 7 month second. However, it is not uncommon for us to match the term of the first position deal. In essence we want to avoid having the first position deal renewed one or more times while our second position isn't into the juice.