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  1. #1
    Senior Member Reputation points: 10944
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    Quote Originally Posted by Michael I View Post
    i think what ktolbert and andy are saying is that lenders want to see good closing ratio .
    Some of my best ISOs only send me 8-10 files a month but close and fund 80% of them which makes them very very valuable indeed.

    Then on the flip side I have a couple that send 15-25 files a day but only fund 30-35 a month, that's a lot of paperwork for a very poor closing ratio.

    Now I get that YS deals aren't the most attractive to merchants but what the former rep does really well is setting the expectations.

  2. #2
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    Quote Originally Posted by AndyYSCISOdept View Post
    Some of my best ISOs only send me 8-10 files a month but close and fund 80% of them which makes them very very valuable indeed.

    Then on the flip side I have a couple that send 15-25 files a day but only fund 30-35 a month, that's a lot of paperwork for a very poor closing ratio.

    Now I get that YS deals aren't the most attractive to merchants but what the former rep does really well is setting the expectations.
    Kingsley <3s YSC too. I hate that people get all upset about YSC rates and process. Not everyone is perfect and YCS has helped bridge gaps for a lot of my high risk merchants. It may take a little bit, but I at least let them know EVERYTHING up front and give a representation statement of the business and what's going on. It's helps them take the info and get me what is needed faster instead of saying "Give me the Max you can get"... that's like saying "I don't know my merchant and whoever gives him the max can steal him from me".

  3. #3
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    Quote Originally Posted by AndyYSCISOdept View Post
    Some of my best ISOs only send me 8-10 files a month but close and fund 80% of them which makes them very very valuable indeed.

    Then on the flip side I have a couple that send 15-25 files a day but only fund 30-35 a month, that's a lot of paperwork for a very poor closing ratio.

    Now I get that YS deals aren't the most attractive to merchants but what the former rep does really well is setting the expectations.
    isaac as management which one of these people do you like better

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