[Raoul Cannon]

Looking for a lender to fund a $50k deal yet the applicant has been a victim of identity theft and doesn't want to do decision logic if there are any lenders who are left that don't use decision logic please reply

[LoanMe]

LoanMe does not require decision logic on most applicants and can still simply look at the last 2-3 months business bank statements. That being said after a pre-approval is given and the Loan docs (business bank statements) sent to our in house UW team, if UW feels the need to request decision logic, we will not move forward without it.

[Triton]

Sounds like he is hiding something...recent funding maybe?? DecisionLogic is the safest thing out there as far as that's concerned. Beef up your sales skills and explain how safe it is. You can also send him directly to DecisionLogic and let him read how safe it is.

[FundMaster82]

If it is a health/medical deal, ProMED Healthcare Financing does not require Decision Logic. Give James Graydon a call at 631-468-6325.

Looking for a lender to fund a $50k deal yet the applicant has been a victim of identity theft and doesn't want to do decision logic if there are any lenders who are left that don't use decision logic please reply

[Michael Jagiello BGF]

I hope this isn't Hatem Eid lol

[1StopFunding]

That's the first thing I hear from fraudsters, "Oh last time I tried to do this, they stole my identity." My response is typically GTFOH!! No lender is going to steal your identity!! How would they do it using a bank verification system??
Poster, be careful with this one!

[Michael Jagiello BGF]

As was the case with the gentleman I mentioned. "Oh, they stole my identity so I would prefer showing them a screenshot with my current bank activity" meanwhile the day after his statements came up as fraudulent. Not worth the headache

[Funder Mark]

Every application has the owners name, DOB, ss#, home address, and the rest. Why would the client not be nervous about giving all of that out?

[Michael I]

That's the first thing I hear from fraudsters, "Oh last time I tried to do this, they stole my identity." My response is typically GTFOH!! No lender is going to steal your identity!! How would they do it using a bank verification system??
Poster, be careful with this one!

fully agree unless it is a bank that doesn't work with decision logic , because i do understand the not giving bank log in with full accesses

[dpFund]

While I am NOT saying this is the case with this particular client...I recently had a client that looked fantastic. Great financials, highest net margin I think I had ever seen. Initial underwriting looked good. But it was like pulling teeth trying to get info out of the client. Lots of delays and excuses. Underwriting was suspicious and dug very hard. Turns out his company is owned by a Pink Sheet public company that is millions in debt. Instant deal killer.

Again, NOT saying that is the case here...but it does make one suspicious when clients are not forthcoming with info.

[HGB]

Holley
Email: holley@capassist.com
Direct Line: (913)324-5918