Lender Requiring ISO Owner's Personal Credit Report
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  1. 11-03-2015, 11:20 PM #1
    golf2014
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    how bout the lenders who run credit without an app...one guy today dealt with one iso..credit pulled 17 times in a week
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  2. 11-04-2015, 11:07 AM #2
    JoeLepkoski
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    Quote Originally Posted by golf2014 View Post
    how bout the lenders who run credit without an app...one guy today dealt with one iso..credit pulled 17 times in a week
    Golf, I dont think they are running credit without an app, it think its the fact that that one ISO sent the app to 17 lenders, or sent it to a few "direct" lenders that are actually just ISO shops themselves sending it out.
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  3. 11-04-2015, 11:18 AM #3
    AndyYSCISOdept
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    Quote Originally Posted by JoeLepkoski View Post
    Golf, I dont think they are running credit without an app, it think its the fact that that one ISO sent the app to 17 lenders, or sent it to a few "direct" lenders that are actually just ISO shops themselves sending it out.
    That's a whole other issue, when an application changes hands from broker to broker to ISO to Funder and each time the deals been sent out across the industry with the credit being pulled numerous times too.
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