OnDeck Launches An Industry First: OnDeck Term 24, A New Loan Product Offering Amount
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  1. 02-20-2014, 06:11 AM #1
    JayBallentine
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    Quote Originally Posted by Lendinero View Post
    Sadly they are not offering the product for partners/ISOs yet Only internal for now...
    It's a longer term product - more default risk. Brokers up selling the OnDeck buy rate on this stuff can hurt their ROI... That's my GUESS. I might be wrong. I'll see after inquiring with OnDeck as buynance does not take broker commissions.
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  2. 02-20-2014, 05:59 PM #2
    Lendinero
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    Quote Originally Posted by JayBallentine View Post
    It's a longer term product - more default risk. Brokers up selling the OnDeck buy rate on this stuff can hurt their ROI... That's my GUESS. I might be wrong. I'll see after inquiring with OnDeck as buynance does not take broker commissions.
    Good point. Longer terms open a lot of room for stacking.
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