Results 1 to 9 of 9
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05-26-2016, 02:48 PM #1
Tale of 2 Funders
1 file with offers from 2 of our regular B-C fairly large funders. Was fairly certain I'd get a decent factor rate with Funder A, but very certain I'd get an approval with Funder B.
Funder A sends $40K max offer, while Funder B sends a $275K max offer. Client doesn't need nearly that much $$$, but the disparity between offers huge!
Which brings to question, is there more subjectivity than algorithm in underwriting revenue advances?
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05-26-2016, 02:51 PM #2
$275K could have been a prelim offer and not held up in final UW
Zachary Ramirez CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-26-2016, 02:52 PM #3
Tale of 2 Funders
Typically with that funder Zach, the prelim offer stands unless something drastic comes out of merchant call and/or bank login.
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05-26-2016, 02:54 PM #4
Jeez. That is a massive disparity lol
Zachary Ramirez CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-26-2016, 02:54 PM #5
- Join Date
- Mar 2016
- Posts
- 657
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05-26-2016, 02:58 PM #6
- Join Date
- Jun 2015
- Posts
- 3,326
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05-26-2016, 04:34 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
I see all the time from ISO' asking if we can beat a 20K offer and will make an 80K offer or vise versa. This can be for to many reasons to list here.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-26-2016, 05:12 PM #8
- Join Date
- Sep 2014
- Posts
- 430
It's almost as if different lenders have different risk appetites...how novel.
"Nobody can make you feel inferior without your consent." -Eleanor Roosevelt
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05-26-2016, 07:58 PM #9
Each funder has their percentage of gross sales rules which impacts offer size.
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