Results 1 to 25 of 50
Hybrid View
-
12-01-2015, 10:08 PM #1
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
I think this is very simple. If a deal comes in and you, OR your shop's management calculates commission at first glance you are an ISO. If a deal comes in and you, OR your shops management is calculating ROI you are a lender.
If you are reading this post and either have never thought about the investment when looking through the statements, or don't know what ROI means (lol, kidding - I hope not) - and the words "we are direct lenders" have ever come out of your mouth or across your finger tips on the keyboard....well than you are a liar and misrepresenting yourselves.
Even though we just recently bought into our first deal, I never say I'm a lender. Why? Because when a submission comes into our house, by mental default, the first thing I calculate is the potential commission we make if or when it funds. The day I start calculating risk vs reward at a deals first glance, and as my gut reaction, is the day I become a "direct lender".
Thats my humble opinion anyway.
-
12-01-2015, 10:15 PM #2Luis Rodda
K&S Finance
Direct: 786-720-2381
Office: 305-546-7866
Fax: 305-402-0865
E-mai: luis.rodda@ksfinance.biz
Similar Threads
-
Any recommendations for in person MCA appt setting companies?
By MCA in forum Merchant Cash AdvanceReplies: 52Last Post: 02-01-2016, 08:56 AM -
I have a person with a valuable painting (purported) and need broker agreement
By bostriba in forum All Other LendingReplies: 4Last Post: 02-10-2015, 05:44 PM -
Experienced sales/operations person seeks a solid opportunity in alternative lending
By JMKFunding in forum Help WantedReplies: 1Last Post: 02-10-2015, 12:18 AM -
Wanted: Full time NJ Sales person needed to build ISO/Broker business
By halasniks in forum Help WantedReplies: 1Last Post: 06-04-2014, 08:04 AM -
need advice on higher sales person to deal with ISO/brokers
By halasniks in forum Business LoansReplies: 2Last Post: 04-16-2014, 03:04 PM