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06-08-2016, 07:59 PM #1
Reputation points: 96
- Join Date
- Mar 2013
- Location
- Miami
- Posts
- 28
Just to make sure everyone knows !
Last month Everest implemented the requirement for a COJ on all deals. However, since we listen to the feedback we get from our ISOs, and we understand the need not to slow down the funding on smaller deals. We have modified our COJ requirements.
COJ's will typically be required only on deals above $25,000. Except for Auto, Construction, and Trucking (highest risk SIC codes).
Thank you.
Everest is one of the largest Direct Funding companies in the industry. Focused on ISO submissions, we do not broker out your deals. We are focused on customer service to our ISOs.
If you do not work with Everest, you should contact us to get signed up. We offer "buy rates" as low as 1.15 and terms up to 1 year, paying next day commissions up to 15% and offer volume incentives of 1% per $250,000 funded on top of commission.
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