[AndyYSCISOdept]

Is it possible that they are really good at soliciting documents but terrible at selling.

[Michael I]

Is it possible that they are really good at soliciting documents but terrible at selling.

sure tell them 3% a year ten year terms and we don't care if you have 495 credit score . You can bring in submissions all day . now you wont be able to really close any of them but then she already got her money from the sucker buying it

[FUNd]

That's a really good point. They must be selling SOMETHING to get a complete file. People don't just send all that information in without having an idea of what they are getting into, whether it be, like Michael said, and unrealistic bait and switch, or a realistic 9 month 1.35, somebody is selling something at some point.

Yuliya?

[YuliyaG]

That's a really good point. They must be selling SOMETHING to get a complete file. People don't just send all that information in without having an idea of what they are getting into, whether it be, like Michael said, and unrealistic bait and switch, or a realistic 9 month 1.35, somebody is selling something at some point.

Yuliya?

We're offering them more money. Is this clear now? We can offer them more money and take the file to Quarterspot for example, or we can offer them more money and sell the file... We're choosing the latter. How hard is this to understand?

I have the ability to get new UCC's every single day if I wanted. So, we're just capitalizing on that. Does this clear up confusion?

[FUNd]

We're offering them more money. Is this clear now? We can offer them more money and take the file to Quarterspot for example, or we can offer them more money and sell the file... We're choosing the latter. How hard is this to understand?

I have the ability to get new UCC's every single day if I wanted. So, we're just capitalizing on that. Does this clear up confusion?

Why wouldn't you take it to QS then and make real money, instead of selling a fundable 2nd position for pennies on the dollar? So, no, makes no sense.

[YuliyaG]

Why wouldn't you take it to QS then and make real money, instead of selling a fundable 2nd position for pennies on the dollar? So, no, makes no sense.

Ok. So there are companies that sell clean applications - brand new folks who never have had an MCA for $200 per application. So $200 gets you a completed app with social, etc. and no other papers. Based on that, what's a fair price to charge for the whole widget? Do you think we're charging less or more than $200 per completed file?

Then take out a pencil and calculate in dollars how much it costs you to acquire a completed file. All costs considered. Dont forget to quantify the value of your time. How much does it cost you to generate a file? Hypothetically speaking lets say it costs you $1,000 to generate a file and I match that price. Don't you still come out a winner as you will get more time savings? That time can be used to invest in more deal flow or no?

We'd love to send this stuff to any number of second position funders. We've tried that but couldn't agree to terms.

[FUNd]

We'd love to send this stuff to any number of second position funders. We've tried that but couldn't agree to terms.

So what makes you think someone else could do any better? This isn't rocket science.