Results 26 to 50 of 55
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07-30-2016, 12:23 PM #26
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Have to admit, having sent a few deals that were funded with Cresthill, I always thought I was working with Mantis direct. The rep always said Mantis was first then Cresthill would look at it after, if Mantis didn't want it. Then the rep (Dylan) was replaced. All the fundings came from Cresthill and then for the first time last week the new rep asked if I wanted an Ondeck quote even though I already do business with them. I would much prefer to do biz with Mantis direct and not an outside rep who may also add fees on.
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07-31-2016, 07:41 PM #27
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
Did you send it to other funders? We've sent some of our in-house out of criteria paper to CH/Mantis before and have never seen any attempt at a backdoor. I know my admins take steps to find out if any poaching occurs, and I will say CH/Mantis has never raised a flag.
Last edited by TStein; 07-31-2016 at 07:48 PM.
Tommy Stein
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08-01-2016, 10:38 AM #28
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
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08-01-2016, 11:12 AM #29
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 11:13 AM #30
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 11:16 AM #31
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 11:27 AM #32
- Join Date
- Jun 2015
- Posts
- 3,326
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08-01-2016, 11:36 AM #33
I had a deal submitted last week by Broker A, Broker B resubmits it, I look at the app, its from Company c, and I look at the app from Broker A, also Company C. SMH this industry has crooked people.
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08-01-2016, 11:54 AM #34
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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08-01-2016, 02:14 PM #35
Ok..
I've seen these type of practices for many years. I have out right shut down these type of relationships due to taking the time effort and money to cultivate business and then find myself competing with myself after another approval is sent out to another mystery ISO shortly thereafter. What strong ISO is going to continue to send business when you provide zero protection in a cut throat industry. There is far to much back-dooring and malicious behavior going on behind the scenes. Sorry guys, I strongly disagree with your stance here and it will lose you business, bottom line. I have found the majority of the companies I do business with have policies and protections in place to give our team the time necessary to sell, collect doc and fund said deal. If your a lender and you solicit ISO business then you should have a plan in place to protect their efforts, period.
The way that reads to me is very very negative and harmful to my business and I'm sure others will agree. Your saying after 30 days, my inside sales force or potentially another institution, will go after said deal. Your saying after an approval goes out, a mystery ISO, which could be your sales force for all others know, will go after the deal. I have not nor will not accuse or berate those out their that believe otherwise, your entitled to build your own infrastructures and guidelines. I will however voice my opinion so other brokers or ISO's don't fall into unnecessary traps.You sharpen the human appetite to the point where it can split atoms with it's desire..
You build ego's the size of cathedrals..
Fiber-Optically connect the world to every eager impulse..
Grease even the dullest dreams with these dollar-green, gold-plated fantasies..
Until every human being becomes an aspiring emperor..
Becomes his own God
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08-01-2016, 02:21 PM #36
- Join Date
- Mar 2016
- Posts
- 657
Pearl offers 2 weeks exclusivity on ALL newly submitted ISO deals. We're strictly ISO based so you will never have to worry about your deal disappearing to some "mystery ISO/In-House sales team."
If you're not already signed up, feel free to PM me for more info
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08-01-2016, 02:25 PM #37You sharpen the human appetite to the point where it can split atoms with it's desire..
You build ego's the size of cathedrals..
Fiber-Optically connect the world to every eager impulse..
Grease even the dullest dreams with these dollar-green, gold-plated fantasies..
Until every human being becomes an aspiring emperor..
Becomes his own God
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08-01-2016, 02:34 PM #38
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08-01-2016, 02:35 PM #39
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 02:36 PM #40
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 02:51 PM #41
Cresthill Capital Policy -
Honestly I'm not sure why anyone is having problems -- Pearl and Mantis are my "go-to" high-risk funders. Legend has also been coming through on some tough deals.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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08-01-2016, 02:56 PM #42
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
I for one have never had any issues with Cresthill. still unsure if I'm with Cresthill/Mantis in house or not using Daniel though.
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08-01-2016, 03:05 PM #43
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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08-01-2016, 03:07 PM #44
What's up Zach. My comment was simply based on the initial quote, I've funded deals with Mantis in past, Marcus is always solid to work with. I've been in this industry since Jan 07, I've seen alot of madness throughout the years. Iv'e seen many companies come and go. I have a little knowledge and seniority here in this field. So when I see this, as I did with several other companies policies, I think better more pro-active steps can be taken to secure relationships and the efforts of all those involved.
You sharpen the human appetite to the point where it can split atoms with it's desire..
You build ego's the size of cathedrals..
Fiber-Optically connect the world to every eager impulse..
Grease even the dullest dreams with these dollar-green, gold-plated fantasies..
Until every human being becomes an aspiring emperor..
Becomes his own God
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08-01-2016, 03:09 PM #45
- Join Date
- Jul 2015
- Posts
- 1,202
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08-01-2016, 04:01 PM #46
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 04:02 PM #47
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 04:03 PM #48
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-01-2016, 04:07 PM #49
- Join Date
- Jul 2015
- Posts
- 1,202
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08-01-2016, 04:20 PM #50
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