[jotucker1983]

I've heard great things about Everest as well. So correct me if I'm wrong, but in this situation the deal was closed by another broker who offered a lower price to the merchant? Does Everest have any deal exclusivity rules in place? If so, for how long? If not, then I'm wondering why not?

[FUNd]

I've heard great things about Everest as well. So correct me if I'm wrong, but in this situation the deal was closed by another broker who offered a lower price to the merchant? Does Everest have any deal exclusivity rules in place? If so, for how long? If not, then I'm wondering why not?

Many lenders operate in much the same way. First to the table with contracts wins. 20 ISOs can have an approval, and the one who gets stips and contracts in, wins. I agree with this practice. It's not fair for the competing ISO or the merchant, to have another ISO with an approval possess exclusive rights to a deal. What if the merchant doesn't want to do biz with the ISO for some reason? What if the approval has fallen through the cracks and isn't even being worked on? What if the rep is trying to turn screws at 20 points when another rep is willing to settle for 5?