[Michael I]

did you think that maybe another funder gave him the buy rate he needed ?

[TheUnderwriter]

did you think that maybe another funder gave him the buy rate he needed ?

I did but usually the ISO would give you the old 'Hey Funder X gave me this at this buy rate, can you match or beat it?"

But in this case its, 'hey we dont feel like making 9 points, can you lower your buy rate since we dropping our points?'

Someone needs to tell me the point of a buy rate then. Might as well have all deals like Burger King and 'Have it your way'

Now if the broker is selling the deal with very few points or no points to get the deal done and its a broker that closes deals and doesnt waste a funders time then I have no problem lowering the buy rate a point or two since they sold the deal at the bone but saying 'we dont want to make 9 points so lower your buy more' , again broker are funny.

[BR-Nightmare]

I did but usually the ISO would give you the old 'Hey Funder X gave me this at this buy rate, can you match or beat it?"

But in this case its, 'hey we dont feel like making 9 points, can you lower your buy rate since we dropping our points?'

Someone needs to tell me the point of a buy rate then. Might as well have all deals like Burger King and 'Have it your way'

Now if the broker is selling the deal with very few points or no points to get the deal done and its a broker that closes deals and doesnt waste a funders time then I have no problem lowering the buy rate a point or two since they sold the deal at the bone but saying 'we dont want to make 9 points so lower your buy more' , again broker are funny.

I love the bump request on term and funding amount, 1 time exceptions for the most obvious no's, and creative stories to justify negative days, nsf's, low or no deposits, ect.

I laugh at the bump requests more when they are begging for 10k bump on a 500 credit 4th position that was *****d out in a 30 day span. (chances are that broker pitched the low interest LOC or SBA add on to it)