[1StopFunding]

Spoke to my rep this morning and was told that come Monday, they're doing away with prequal exclusivity. He said a lot of the bigger shops are tying up the system by getting prequals in, but not going to contract. So they want to let some of the smaller guys get an opportunity to contract those deals. There will still be 90 days exclusivity once a contract is in.

[Scott Williams]

Interesting....not sure I like that. I still like to have a short protection period if I got the application in first.

[Chambo]

Spoke to my rep this morning and was told that come Monday, they're doing away with prequal exclusivity. He said a lot of the bigger shops are tying up the system by getting prequals in, but not going to contract. So they want to let some of the smaller guys get an opportunity to contract those deals. There will still be 90 days exclusivity once a contract is in.

First one back with signed contracts wins....nothing new here, most of the others funds work this way

[Mmarano]

Can capital pays great commissions.. That is if they accept your business. They don't take everyone.

[samclark1800]

Doing a lot of pre-qual's with no funded deals is kinda a big waste of time if you are a lender rep.

[MCAVeteran]

im sure their metric reports showed alot of prequals but no fundings. something had to give. this will put the pressure on sales offices to close the business with them vs allowing them to shop the deal for days.