Results 26 to 47 of 47
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03-01-2016, 11:53 PM #26
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What about Pacific Coast Highway out in CA? Is that close enough to say I work on Wall Street?
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03-02-2016, 10:00 AM #27
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03-02-2016, 10:02 AM #28
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Points for coming clean? Sure, I'll give you that. You're still in the negative though. Why would anyone want to do business with someone willing to outright lie just to start a relationship? Your like the fat girl that claims she only weighs 135 and only sends you photos at those "MySpace Angles". You show up to the date only to find she is a fat, fugly yeti.
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03-02-2016, 10:07 AM #29
Its a Yellowstone style setup. You have your reps or ISO's sending in deals, and you have independant underwriters working with you, each making their own offers based on how much they like the deal. The advantage is that one of them may be more comfortable with a deal and give more money, the disadvantage is that overall things take longer to process through.
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03-02-2016, 10:18 AM #30
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03-02-2016, 10:23 AM #31
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03-02-2016, 10:35 AM #32
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03-02-2016, 10:44 AM #33
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It is a Yellowstone style setup. We have people working as independent underwriters (but they are working within the company) that will give an offer. We don't have as much direct lenders as Yellowstone but we also do have company money that is used to do advances. Give me a call I will be happy to talk about anything really and maybe we can build some sort of working relationship.
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03-02-2016, 10:46 AM #34
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- Jan 2016
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An in-house lender is basically just a direct lender. It just means that we have people in our company that lend out the money instead of brokering out the deals.
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03-02-2016, 10:51 AM #35
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- Jan 2016
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[QUOTE=bsmith;42200]Points for coming clean? Sure, I'll give you that. You're still in the negative though. Why would anyone want to do business with someone willing to outright lie just to start a relationship? Your like the fat girl that claims she only weighs 135 and only sends you photos at those "MySpace Angles". You show up to the date only to find she is a fat, fugly yeti.[/QUOT
I mean it's not like I lied about the world about to blow up and that we all need to buy underground bunkers immediately... I exaggerated about working on Wall Street because I work on Maiden Lane which is like two blocks away lets not get carried away here...
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03-02-2016, 11:02 AM #36
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Not sure a small business (or ISO) gives a rat's ass about downtown Manhattan anyway. In fact, might be a turnoff.
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03-02-2016, 11:03 AM #37
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lol I wish I just never mentioned that this thread has 36 posts and like 35 of them are about me saying I work on Wall Street
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03-02-2016, 12:00 PM #38
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03-02-2016, 12:05 PM #39
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03-02-2016, 12:15 PM #40
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03-02-2016, 12:17 PM #41
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03-02-2016, 12:24 PM #42
I agree entirely, but at this point I have given up, too many people come in, are not given the smallest possible training into the industry, and start calling clients. A smart merchant would record the funding call, and if anyone uses the words loan or interest, may have a case to go to a judge with.
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03-02-2016, 12:33 PM #43
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Recording a phone call without both party's consent is illegal, a good lawyer will get that evidence thrown out. It would be interesting to see how the judge would view it considering the funder will state the call is recorded, I wonder if the consent would apply to the merchant recording the call as well without the merchant specifying that they are also recording.
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03-02-2016, 12:50 PM #44
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03-02-2016, 01:26 PM #45
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plus why take the risk....
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03-02-2016, 03:23 PM #46
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03-02-2016, 03:54 PM #47
actually I think it is true by federal law the person needs to consent to being recorded. Some states allow one person to consent while others require both to consent. Still in both cases the person being called needs to be aware.
Last edited by TheShitzuofMCA; 03-02-2016 at 03:58 PM.
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