Results 1 to 14 of 14
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07-24-2021, 02:06 PM #1
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
ROK Financial - good peeps?
CEO, James Webster and his Team seem to know the Cash Advance business very well.
They have a nice platform that seems to help with the heavy lifting.
We're thinking of partnering with them.
Any Pro's / Con's you may be aware of to share?
Thanks.
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07-24-2021, 02:12 PM #2
- Join Date
- Mar 2016
- Posts
- 186
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07-24-2021, 04:21 PM #3
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
We mine for the clients, inform them about any funding options they may have, then direct them to enter their info into our capture page which is linked to the ROK portal and then the ROK team takes over. If the deal can get funded, it will . . .
We then share in the gross profits of the deals and renewals.
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07-26-2021, 05:49 AM #4
- Join Date
- Feb 2018
- Posts
- 1,349
how hard is it to call funders and send them apps and bank statements, get offers, close the deals, get paid? Why go thru a broker?
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07-26-2021, 11:38 AM #5
- Join Date
- Jun 2015
- Posts
- 3,318
the platform you need in my opinion is the ability to track everything, Seeing the notes on each call that is being made seeing what happens at each stage and that it is being worked on . seeing if it funded with who and how much the cm is, looking at the signed docs uploaded into a crm , without just waiting for a check and relying that they are sending you the correct split.
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07-26-2021, 11:44 AM #6
- Join Date
- Feb 2017
- Posts
- 3,395
The only system I've seen that does that is the group that I work with for the personal loans and 0 APR credit cards. Every phone call is logged, every approval or decline is logged, every request for more documents is logged, every payout of logged, preapprovals are logged.... it's really good if you can get it to work right.
I'm happy to introduce anyone to this group who may need it. It's clean and they're wonderful, and you're leaving money on the table if you don't know them. Clients with 700+ FICOs who aren't in the MCA market.
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07-26-2021, 11:45 AM #7
- Join Date
- Oct 2013
- Location
- Designer
- Posts
- 586
But does a platform like that exist my friend?
www.UccRadar.com
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07-26-2021, 11:53 AM #8
- Join Date
- Jun 2015
- Posts
- 3,318
yes pretty much any crm, they create cruisinman as a user and all leads he creates are in his name and he can see anything that happens it to it , than you assign whoever is handling the leads as a manager over him if that crm does not allow 2 people to have accesses to the same lead ,but nearly all do allow that.
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07-26-2021, 03:49 PM #9
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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07-26-2021, 03:50 PM #10
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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07-26-2021, 04:01 PM #11
- Join Date
- Feb 2017
- Posts
- 3,395
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07-26-2021, 04:42 PM #12
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
We don't mind doing some of the leg work - making the contact, getting the application, getting the bank statements, etc - we are looking for a Platform that allows us the ability to do all that online and it all be trackable. In the beginning - looking for some hand holding, training, etc to make it easier for our Affiliates to be able to get some deals funded and put money in their pockets, as well as, put money into the Network.
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07-26-2021, 04:53 PM #13
- Join Date
- Feb 2017
- Posts
- 3,395
Are these affiliates brokers themselves? Because we've had a few spammers on DF recently who have been set up with platforms just like that, in a MLM situation. Unless you're getting the full broker points and disbursing them, why would these affiliates sign on with you?
Shannon was a spam and ban from an MLM broker: https://dailyfunder.com/showthread.p...-a-couple-days
And this person at glfunding is on his way I think: https://dailyfunder.com/showthread.p...-buy-equipment
Don't get me wrong, not a bad idea to have this as MLM and sub-sub-brokers, but you just can't outsource the funding on these deals to make it worth your while.
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07-26-2021, 05:09 PM #14
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
I'm certainly not "spamming" a service / product. I'm sincerely seeking to find a few Partners that can help us fund some MCA deals within our Network of Affiliates. We will have various other "solutions" for businesses as well.
It's a fact that there are some excellent commissions available for helping a business get funding for their needs. It's expensive money - but, there is most def a demand.
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