[BigIz]

What do you consider to be "not long?" It's taken me 2 years so far and while I like to think I'm pretty good at placing deals, I'm still learning things every day as the industry continues to evolve. It's not just about finding the lenders, you need to know how to underwrite in order to place them. It's basic math, but not without any guidance, going in blind. There will be a lot of time spent finding lenders, learning the business, and underwriting your own deals, trust me. No comment on the difference in approval quality. What kind of company would required a new hire to get their own dialer? Lol

I agree with John. I am also a newbie but the DF has really helped me out. As soon as I heard about this industry, I started doing research but without the DF it would have taken me a lot longer to figure some of this stuff out. I am only still learning but the information here and on deBanked has shortened the learning curve quite a bit.

I believe the OP is trying to find a job as an inside sales rep, not open his own ISO shop. I think it would be good for him to find a good ISO shop and learn the business there. Then he can go do his own thing. DO NOT STEAL LEADS WHEN YOU LEAVE!

OP, of course you can ask your ISO shop how much they made on a deal. That is how you are going to get paid your commission. I figure that when I start hiring sales reps, I will pay 20% commission and I will provide all the marketing and training.