[Funder Mark]

So Everest is now going as low as 1.15, with terms of 12 months, and still doing the 1.4 over 4 months. Are they now considered an A,B,C, or D funder, or a combination of the above? What are they being used for by ISO's? What programs are you seeing the most out of?

[Michael I]

better question is how are the other c,d lenders getting any deal flow now

[Funder Mark]

No complaints on my end. Besides, we fund deals that Everest will not, so I am not feeling any pinch.

[AndyYSCISOdept]

No complaints on my end. Besides, we fund deals that Everest will not, so I am not feeling any pinch.

Agreed, because C,d and worse files are not qualifying for their 1.15 programs, they price those files in the same b'park as the rest of the c,d,e,f,g,h,I etc funders

[Michael I]

Agreed, because C,d and worse files are not qualifying for their 1.15 programs, they price those files in the same b'park as the rest of the c,d,e,f,g,h,I etc funders

yes but they are getting the paper in with the lure of possibly doing better

[Funder Mark]

Everest is strict with who they will work with, ISO's have been blacklisted with them. They will fund a 3rd position, not more, strict on the daily balances and negative days. I was trying to find out if ISO's are using them now for more of their higher quality deals.

[Michael I]

to answer your question the rate is good but for the a paper 12 months wont win the deal any more . they are getting 18-24 months . also since those lenders will go out further they are also offering more money to the merchant .

[AndyYSCISOdept]

to answer your question the rate is good but for the a paper 12 months wont win the deal any more . they are getting 18-24 months . also since those lenders will go out further they are also offering more money to the merchant .

So you basically validated my statement above....their A paper rate of 1.15 at 12 months wont win the day and they aren't doing that for the c,d+ paper
Yellowstone~!

[AndyYSCISOdept]

Side note this is in no way a reflection of my feelings towards Everest as YSC and Everest do a TON of business and I am syndicated about 100K on one deal with them on the 4th renewal.

[Triton]

Side note this is in no way a reflection of my feelings towards Everest as YSC and Everest do a TON of business and I am syndicated about 100K on one deal with them on the 4th renewal.

Haha, had to put that disclaimer on there.

[AndyYSCISOdept]

Hey man!