[Ryan Shiroky]

honestly, when ISO's gripe about lenders calling the merchant, it shows the shadyness of the ISO, they are banging up the merchants credit shipping the deal to 15 lenders at once and keeping the l;ender on the hook just in case something better comes in... ISO's that have strong in house underwriting and know where to place deals don't cry about this, because they are getting paid and doing less work...

[Chambo]

honestly, when ISO's gripe about lenders calling the merchant, it shows the shadyness of the ISO, they are banging up the merchants credit shipping the deal to 15 lenders at once and keeping the l;ender on the hook just in case something better comes in... ISO's that have strong in house underwriting and know where to place deals don't cry about this, because they are getting paid and doing less work...

Or it is a savvy rep who knows how to keep shady funders in check, as they try to take over the deal and squeeze out the rep by lowering commissions down to zero.

The more the Funders can push out the reps, the more they protect themselves against the deal flipping. If they convince the merchant to cease speaking to rep, they can slowly whittle down commissions to zero on the downsell.

[L_LOTT_ARF]

Or it is a savvy rep who knows how to keep shady funders in check, as they try to take over the deal and squeeze out the rep by lowering commissions down to zero.

The more the Funders can push out the reps, the more they protect themselves against the deal flipping. If they convince the merchant to cease speaking to rep, they can slowly whittle down commissions to zero on the downsell.

We understand that you feel most comfortable hiding behind your keyboard, blasting off accusations with no meaning. I only contact merchants upon my ISOs request, to HELP them, not hurt them. You would not understand this since I've never had the pleasure (for lack of a better word) of working with you in my 4+ years with the company. Best of luck to you!

[Ryan Shiroky]

Or it is a savvy rep who knows how to keep shady funders in check, as they try to take over the deal and squeeze out the rep by lowering commissions down to zero.

The more the Funders can push out the reps, the more they protect themselves against the deal flipping. If they convince the merchant to cease speaking to rep, they can slowly whittle down commissions to zero on the downsell.

If I close the deal for my ISO, they get the 12%... every time... so I can't say I agree with this at all... but then again, I am a rep for a major lender...

[Chambo]

If I close the deal for my ISO, they get the 12%... every time... so I can't say I agree with this at all... but then again, I am a rep for a major lender...

Apples and Oranges

[Ryan Shiroky]

Apples and Oranges

how so? you said when the lender calls to close the guy they whittle down commissions, im saying I dont ever do that... the only time my resellers don't get a full boat commission is if I get their "ok" on lowering the commission to lower the cost of capital, to get the deal done (if the merchant balks at the cost)...

I don't understand how that's apples to oranges... its exactly what you where talking about, no?