[CreditGuy]

Can you please explain this

Sure. When you create a contract it is subject to the laws and regulations of the jurisdiction in which it is originated. (This is different, but not totally separate from, than a contract venue clause, which states in which venue any subsequent legal proceedings (lawsuits, judgements, etc.) will occur.) So, if a lender makes a credit decision and issues a contract from NY, the terms of that contract are subject to NY law including things like usury caps and the like. A lender that makes their credit decisions in DE, for example, can generate a contract and set loan terms based on DE's laws, which are much more favorable in terms of interest rates and other terms versus NY. The lender "exports" DE law with their loan contract despite the borrower not being located in DE. A lender can't export law unless the credit decision/contract generation occurs in the state whose law they wish to export though. That is, you can't have all your UWs in NY but still export DE law.

[TheUnderwritingProdigy]

I should have clarified. I'm looking for a job opportunity with direct lenders based in the NYC area. Figured DailyFunder would be the best place for some insight for places to start looking. Thanks to everyone who provided helpful responses!

[ridextreme]

SFS is always looking for underwriters.

[J.Celifarco]

I should have clarified. I'm looking for a job opportunity with direct lenders based in the NYC area. Figured DailyFunder would be the best place for some insight for places to start looking. Thanks to everyone who provided helpful responses!

start a new thread say what you are looking for and name your experience, someone will get back to you if you have some experience and understand the industry.. People are always looking for underwriters

[premierecapitalfunding]

We are an in-house Funder based in Brooklyn.
1st,2nd,3rd positions for B and C papers
We are providing offers within 4 hours
7 Day exclusivity on all offers

Our minimum requirements:
-Minimum 6 months in the business
-15 K Minimum monthly deposits on the account
-500 FICO Score
-No open business Bankruptcy

http://premierecapitalfunding.com/partner-programs/

[ashleyd]

Platinum Rapid Funding Group. We are located in NY and are a direct lender.

You can contact me at:
adukes@platinumrfg.com

[admin]

Platinum Rapid Funding Group. We are located in NY and are a direct lender.

You can contact me at:
adukes@platinumrfg.com

hello, is this thing on? Are you sure you're a "lender"?

[johndough17]

I've never used platinum rapid funding group, are these guys direct funders?

[johndough17]

Heard pretty shady stuff about em.

[isaacdstern]

Platinum is super straight up, great guys!

YSC is always looking for experienced underwriters. Email me directly isaac@yellowstonecap.com

[JaysonML]

ML Factors can get the job done.

Message me if you would like any assistance.

Jayson@mlfactors.com

Best Regards

[AdvanceFund]

I can't disagree with Jayson here.

[CAPMAN]

I work with CapCall here at Midtown Manhattan. Let me know if you need anything. (718) 775-3869