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04-17-2016, 01:09 AM #1
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- Oct 2015
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What if I told you that after you got contracts and stips back to underwriting "they" terminate your iso agreement for "ONE 10k deal defaulting!" How would anyone feel about this Happening on a 100k deal ?! And Oh yeah the best part .... You find out they fund the Deal 14 days later ??? Would you still send deals to this lender ???
OF COURSE YOU WOULD ! "WHERE'S THE PROOF"
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04-18-2016, 10:44 AM #2
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- Mar 2016
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04-18-2016, 11:32 AM #3
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- Oct 2015
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- 37
They terminated the iso agreement after receiving contracts and Stips.
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04-18-2016, 11:51 AM #4
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- Mar 2016
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04-18-2016, 11:37 AM #5
- Join Date
- Nov 2013
- Posts
- 600
Did you provide your perspective as to the default rate? If it was only 1, 10k deal than I could imagine its because you haven't funded much with them thereby pushing your default rate very high. Obviously that would make the default rate very skewed.
I would contact Lewis Carness in this instance if it was truly 1 defaulted deal and you have funded more since then.
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