[Michael I]

I have also seen this happen many times. In fact, I have had Brokers willing to cut commission to cover the Fees from the Underwriting. Unfortunately a lot of brokers think that these "fees" are to pad the pockets of the funders but in truth they are used to offset defaults which allows (at least in our case at YSC) to keep offering the deals that most others would never fund and definitely not for the amount of money we do.

andy what are the official fees at yellowstone ? correct me if i am wrong but it seems each rep decides what they want to put on it . I have seen fees as low as 2% and as high as 15% on your contracts

[AndyYSCISOdept]

andy what are the official fees at yellowstone ? correct me if i am wrong but it seems each rep decides what they want to put on it . I have seen fees as low as 2% and as high as 15% on your contracts

I can only speak for myself and the team I work with and the underwriters on that team; our fees are as low as possible in the 2-5% range.

But as I have always said and done, if a origination fee is going to stand in the way of funding a deal then we will drop them or work something out to make sure the deal goes through.

The fact is, if we are at the point of arguing over fees while the merchant is waiting for their money then we've already made a big mistake, all of us. And that mistake is not have this discussion before we the funder and broker are under the gun to get the money out to the merchant.