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11-12-2012, 01:42 PM #17
heres a segway back to the post by miked on pitfalls to watch out for- a large LOAN companies rules on ownership of lead-.....
Lead Ownership Rules....
you only have 5 days from submission to get any missing docs in or ANY partner can submit deal and take over credit for deal-
after a loan is paid off, if more than 90 days pass, another partner can submit and take over credit for deal-
90-days- if you dont send in deals over a 90-day period, all renewals are forfeited....
10 days- amount of a time an approval is valid- after this time- another iso can submit and take over credit on deal-
sounds like a lot of gotchas on how NOT to get credit for a deal.