[Karen37a]

Everyone is right. Merchants lie and say they do not talk with other brokers and you see their credit and it has 50 hits on it.Also like Czar said If you put out dummy info on an application you will see that its being shopped around from some of the people you sent it to. Some of these companies have a mole in it and its as easy as taking the name and number and telling your buddy in the business down the road ,who is looking for what. I have coded information on the White sales boards in my office.. we never spell out the clients names just in case I have a mole..I caught 2 out of the last 2 years. I caught an old employer calling a fake google voice number trying to drop the rate on my file to take it.. I was 5 days in the business and thought...wtf, what did I get into.

Merchants stack the lenders, some of the brokers who are complaining about being backdoored are also not loyal to their preferred lenders, they do not care if they stack someone up the ying yang and bankrupt the merchant, and lose the lender money so they stack the prefered lender who had a no stacking clause, then they wonder why the lender isnt loyal to them.

And some Lenders even if you are loyal, will cut your throat no matter what , its just in their nature and thats their business model

Some crazy people are coaching merchants into non payment thru these debt companies..i do not know if they got a commission from it. I am constantly on the phone telling these merchants, who ever told you that is nuts because they will not negotiate and you will never get an advance or loan of any kind for the next 10 years, so gl with that advice.

Some Lenders wonder why small brokers make an attempt to retaliate against them when their deal was "truly" backdoored.

Merchants play brokers against each other in an effort to lower the rate..they also shop out the contract. Wouldn't you?
These merchants don't really like the MCA brokers half the time. I am amazed when my brokers say"he is my friend" on all the files. I finally say " can you stop saying that you sound like a babbling fool "lol

This is Money and its a high cost advance, these business owners, some of them ruthless are wolves in sheep clothing, they will say or do anything to get the price down.Half of the time its the Merchant backdooring you in a play to get the best rate and lower costs.

Even if they are not ruthless, don't they have the right to try to get the best pricing? I understand their motives and they really do not know who to trust.When you are a new MCA broker you do not know who to trust, how can they?Some people claiming to be Direct Funders are Brokers sitting in the basement of their mother's house in their dirty socks and underwear...

When brokers get better at this you can tell if you are really being backdoored( 95% of the time). The people who backdoor make their living off of the fact that people wont know 100% if it was backdoored or not.

Bottom line. You cant be backdoored If the client is loyal to you and we cant expect 100% loyalty from strangers who have some type of bad financial issue so they are taking out back to back Mca advances, being double dipped

The merchants put themselves in that position, some want to fix themselves, the ones who really don't want to fix themselves...watch out, you have a snake on your hands and a potential default

When you have Lenders who go out of their way to help the brokers, I have a few ( stayed one hour late one night so we funded and my broker didn't miss the pay period cut of, one helped me type in docs into the system cause I was over run ) Be nice to them, don't stack them and do shady crap. But Lenders need to recognize when they have a good Iso and Brokers and also treat them well, not try to do a hit and run on them because they can't pay their rent, under capitalized, no funding allocation or something.Bragging that they do this and that and they really fund 2 million a month .

There are good people in this business, you have to find them and in the end we do not get paid the rockstar commission cause its easy.And we are all gunning for the same pool of clients. My cash cow is going under .

And if some company backdoors you, get mad in the form of dialing for dollars, go find more clients, shake it off.I will take my own advice.


If you are not a strong sales person, tops in your old industry I advise you to not enter into the shark infested waters and if you do, go to a legitimate ISO shop so they can act as your body guard to protect your deals and also mentor you thru all the mistakes that you are going to make, that you are not aware of yet.Be coachable and respctful to the people who are giving you free advice or helping you......Or , spend an enormous amount on advertising and paying useless brokers hourly wage and commission to never close sales then go under and then turn over all the files to me or the other brokers left standing ( the nice ones who gave free advice on this site) and your leave your new furniture with us as you go out the door.

Next new person( iso ) buy a black leather Ergonomic chair with the massage feature in it,. Get the Success is not an accident motivational pictures for the wall, professional chairs ( law firm look ) for the lobby and a mont blanc pen, black.Be within 100 miles or buy a new fancy truck( cash) so you can deliver it, I wil pay pennies on the dollar so you do not have to pay for storage if /when you go under lol....oh yeah Hon file cablinets, tan, must have keys. I have a referral broker who works for me part time who owns a Car Lot, he can also take the truck off your hands for the black book auction value, bring title.