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01-25-2014, 07:01 PM #1
Reputation points: 10
- Join Date
- Jan 2014
- Posts
- 4
Appreciate your prompt reply. Your spread example. You are applying that to the total (principle) minus the costs? Yes, that is the impression in so far as how each ISO calculates the broker side commission. Should be a universal denominator. Presently in touch with a ISO (has 140 brokers under) offering a scale up from 60 to 70%. My understanding at this point is that is applied to the markup, (price). You originate and work your own leads in that scenario. Lenders? Jeeze so many. Honestly I am not familiar with SNAP.
AFS
BFS
VCE Enterprises
Capital Access Network (New Logic/Advance Me)
Capital for Merchants
Merchant Financial Corp.
On Deck
Yellowstone
Rapid
1st Merchant
Strategic
WGF
Fora
Happy Rock
Snap
Pearl
IOU Central
Platinum Rapid
Many more
Thanks for your help.
PS. If you need it there is a lender who gave a pitch last week: 1.29 10 months 650 fico. 8 points to the houseLast edited by UCCBS; 01-25-2014 at 07:04 PM.
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