[Yankeeman07]

No they don't. You do not need contact info to underwrite a deal to give an offer...
I do not know about you but email & phone is given when requesting a contract.

They you do not have a legit offer - the file is NOT been sent to underwriting !

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[mistamca]

They you do not have a legit offer - the file is NOT been sent to underwriting !

​

You must not fund MCAs because it is laughable that you think that you cant get an approval without contact information. The only funder that I use that complains occasionally is Rapid.

[Yankeeman07]

QUOTE=mistamca;158014]You must not fund MCAs because it is laughable that you think that you cant get an approval without contact information. The only funder that I use that complains occasionally is Rapid.[/QUOTE]

Are you that incompetent ?

[fin4all]

Are you that incompentant?

incompetent**

lmao

[mistamca]

Are you that incompentant?

If you are going to insult me, can you at least spell it correctly? How about you educate us what a telephone & email provides an underwriter that prevents them from extending an offer?

[TheUnderwritingProdigy]

I've owned and ran a funding company for over 3 years. It is NOT necessary to have contact information until the contract request. The ONLY time I've needed to call a merchant prior to funding is to clarify information that needs to be on the contract if I'm dealing with a slow ISO or I just want to take the lead and get the file done faster than having to go through the ISO. Examples include confirmations regarding address, entity type, or anything else that stands out as being strange during underwriting that needs to be addressed.

Asking a merchant, "What are you using this capital for?" is an absolute joke. I ask it anyway just out of habit, but you never really know or can confirm that the merchant is using those funds for that purpose after the wire has been sent. You know how many times I've gotten the answer "business purposes" or "working capital"? If you think these merchants are telling the truth than you're playing yourself.

[ABillionPoints]

Asking a merchant, "What are you using this capital for?" is an absolute joke. I ask it anyway just out of habit, but you never really know or can confirm that the merchant is using those funds for that purpose after the wire has been sent. You know how many times I've gotten the answer "business purposes" or "working capital"? If you think these merchants are telling the truth than you're playing yourself.

From my broker point of view asking the use of funds early in the sale process is really important. gives leverage later on!

[fin4all]

They you do not have a legit offer - the file is NOT been sent to underwriting !

​

no dave you are wrong once again, it has been sent...an email and phone will not tell anything to an underwriter...lmao

[ectorro]

They you do not have a legit offer - the file is NOT been sent to underwriting !

​

You ask a question about how underwriters do their job without email / phone number and when everyone gives you an answer you just say everyone is wrong. It's like arguing with wall.