[DTFdowntofund]

I agree that most funders charge an origination fee but i don't agree that the reason is because "why not charge if everyone else is charging".

The O / UW Fee is for funders to cover some of their upfront costs and to possibly cover some of the broker's upfront commission.
Brokers make an upfront risk free commission, while day one the funder is in the hole the funding amount + the commision.

This.

There can be a multitude of intent when it comes to the set up fees, but to address the reality that "we all play this game to get paid", it can be understandably justified in the amount of overhead it cost the company to not only accept, process and execute the deal.. but in the event of a default, it will at the very least manage to cover cost and the rep's compensation. But at the same time, I'm sure we all know folks who really take advantage here.

[TheUnderwritingProdigy]

This.

There can be a multitude of intent when it comes to the set up fees, but to address the reality that "we all play this game to get paid", it can be understandably justified in the amount of overhead it cost the company to not only accept, process and execute the deal.. but in the event of a default, it will at the very least manage to cover cost and the rep's compensation. But at the same time, I'm sure we all know folks who really take advantage here.

Just curious, and I mean no shade, but how do you have time to get any work done when you're commenting in depth, back and forth on seemingly every single post on here?

[pcfunder]

Just curious, and I mean no shade, but how do you have time to get any work done when you're commenting in depth, back and forth on seemingly every single post on here?

it honestly probably not as hard as youd think

[DTFdowntofund]

Just curious, and I mean no shade, but how do you have time to get any work done when you're commenting in depth, back and forth on seemingly every single post on here?

So I skim the board occasionally, and if I have something specific to say I do.. and then move on. I know what I say is always on point and very succinct , but I type 90WPM and the thoughts come very rapidly and organically so it takes a fraction of the time you would think.

On the flipside, I couldn't tell you how many times you've posted today, this week, or about what.

[TheUnderwritingProdigy]

So I skim the board occasionally, and if I have something specific to say I do.. and then move on. I know what I say is always on point and very succinct , but I type 90WPM and the thoughts come very rapidly and organically so it takes a fraction of the time you would think.

On the flipside, I couldn't tell you how many times you've posted today, this week, or about what.

I do have to give it to you... you do post some of the best, well thought out responses I've seen. Kudos to you-dos

[DTFdowntofund]

I do have to give it to you... you do post some of the best, well thought out responses I've seen. Kudos to you-dos

Very kind of you to say. Just been playing the game for a long time is all.

[TheUnderwritingProdigy]

Very kind of you to say. Just been playing the game for a long time is all.

You got it. What company are you with by the way? Just curious