[JayBallentine]

If namaa can do it for funders why not for brokers..

1. Brokers have no skin the game (at best minimal). Funders do. Yellowstone is a "hyrbrid" so I don't necessarily include them.

2. It is not in the best interest of the broker to join some organization where he / she subscribes to rules which will dictate his / her ability to make money. Furthermore, requiring him or her to submit funding (payment) for background checks and overhead of said organization vs. buying leads is laughable.

3. Not all funders will be compliant. Sleazebag funders will instantly see this as a way to capitalize; "Send your deals to us! No background checks required! All brokers accepted!"

4. It's too late.

You guys should sit down and think critically about this.

Who funds this organization?
How do you enforce collection of dues?
Is the leadership of the org full time employees?
What's their charter?
WHO ORGANIZES THIS?
What's that persons motivation?

We think there are only a few options.

1. For their to be gov regulation. Sure if you're a broker you're not trying to hear that. However, that's the best thing for the American small business owner - period.

2. Fierce competition. Fundera and our company, Buynance takes 3% on the funded, period. We also believe data and analytics should fuel marketing. How can brokers compete with our companies as we scale?


Old Saying: "What you don't know, can kill you."

Crazy rest of the year for the biz coming up.