What is the best course of action If I just caught a "reliable funder" backdooring?
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  1. #1
    Senior Member Reputation points: 23702
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    Quote Originally Posted by mikem View Post
    There is no policy involved, my client told me that they called him trying to backdoor...So unless they do a funders call at the initial stage LOL, before he even got an offer, they really screwed up. I just dont understand how they have such a good name unless this is a new tactic, I guess.
    Um, if you are talking about who I think you are talking about they often do calls. In fact many top tier lenders will pick up the phone occasionally and speak with your client before they make a formal offer. If you've been around the industry for 5 minutes you'd know this.

    So unless you can prove with documentation that they violated your ISO agreement, I would keep your mouth closed, unless you can afford a good attorney.

  2. #2
    Senior Member Reputation points: 6278
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    Quote Originally Posted by FUNd View Post
    Um, if you are talking about who I think you are talking about they often do calls. In fact many top tier lenders will pick up the phone occasionally and speak with your client before they make a formal offer. If you've been around the industry for 5 minutes you'd know this.

    So unless you can prove with documentation that they violated your ISO agreement, I would keep your mouth closed, unless you can afford a good attorney.
    Okay I'll shut up (sorry guys) Thanks FUNd!!!

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