Can capital major screw up.
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  1. #1

    Can capital major screw up.

    So, Just got an email from CAN with an attachment listing all of their current ISOs. Not sure if it was an accident but the email itself is obviously a marketing email describing their new CC split program. Just thought it was kind of funny how they put everyone on blast. A few lenders I work with are on here.

    Interesting..

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    It was a veiled threat..."they belong to US"

  3. #3
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by Triton View Post
    So, Just got an email from CAN with an attachment listing all of their current ISOs. Not sure if it was an accident but the email itself is obviously a marketing email describing their new CC split program. Just thought it was kind of funny how they put everyone on blast. A few lenders I work with are on here.

    Interesting..
    so how many current ISOs do they have?

  4. #4
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by Chambo View Post
    It was a veiled threat..."they belong to US"
    Someone over there is getting his ass chewed up right now for a truly monumental screwup.

  5. #5
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    Lenders Who Send Deals Elsewhere

    How many ACTIVE ISOs?

  6. #6
    Senior Member Reputation points: 903 Scott Williams's Avatar
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    My CAN email was just from my rep and didn't CC other ISO's. Only BCC'ed them. Was it your rep that screwed up and didn't BCC his ISO list?

  7. #7
    Quote Originally Posted by sean bash View Post
    so how many current ISOs do they have?
    lol
    Over 10,000

  8. #8
    Quote Originally Posted by Scott Williams View Post
    My CAN email was just from my rep and didn't CC other ISO's. Only BCC'ed them. Was it your rep that screwed up and didn't BCC his ISO list?
    I'm not trying to get anyone in trouble.

  9. #9
    Senior Member Reputation points: 903 Scott Williams's Avatar
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    Quote Originally Posted by Triton View Post
    I'm not trying to get anyone in trouble.
    No I didn't mean that. I am saying maybe the names on your email are just your rep's ISO's and not the whole CAN ISO list

  10. #10
    Quote Originally Posted by Scott Williams View Post
    No I didn't mean that. I am saying maybe the names on your email are just your rep's ISO's and not the whole CAN ISO list
    Gotchya,

    But it didn't come from my rep. It was from a general mailbox with a signature of someone I don't even know.

  11. #11
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Can capital major screw up.

    So i frequently get emails from can capital as a partner on deals we cant do, so just about an hour ago i received an email with a spread sheet and wow what a surprise, its a list of all their partners ( ISO's) with all their information / commission structure and funding volume.... what a major f** up... but kudos to some of you out there - we now know who the real players are.
    Last edited by Jstarr; 02-05-2016 at 05:33 PM.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  12. #12
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    Can capital major screw up.

    Disgruntled employee?

  13. #13
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    it came from an ISO manager...
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  14. #14
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    two threads about the same thing got merged. Looks like there really was a screw up at CAN...

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    Disgruntled ISO manager?

  16. #16
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    over 7,000 Active ISOs and their Commission Structure ----- what a major F** Up
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  17. #17
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by Jstarr View Post
    over 7,000 Active ISOs and their Commission Structure ----- what a major F** Up
    was it addressed to you or were you BCC'd?

  18. #18
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    someone is getting fired, i received a spread sheet with more than an iso list, it had current customers and loan amounts and more....
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  19. #19
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    From: "Sales Support" @ cancapital.com
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  20. #20
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    We might read about this on DeBanked some day......

  21. #21
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    i have a list with over 7000 isos with funding amount and commission structure. big mistake.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  22. #22
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    I got it also. Major F Up

  23. #23
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    i just heard that there might be some job openings at Can ...
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  24. #24
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    Can capital major screw up.

    Does the list have e-mail addresses?
    Bob

  25. #25
    Senior Member Reputation points: 903 Scott Williams's Avatar
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    Can capital major screw up.

    My mistake. It was an attachment on the email. I got it too

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