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10-19-2020, 02:25 PM #1
IOU Financial, Kapitus, Mulligan, OnDeck, RapidFinance.
National Funding is also working with select ISOs after heavily trimming their ISO book.
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10-19-2020, 03:48 PM #2
- Join Date
- Feb 2018
- Posts
- 1,349
Didn't ODC go to 6 point commissions and only on net on renewals? Any changes since Enova acquired? What about TBB that Enova also owns? Are they still funding?
Mulligan- they chop deals in UW too much or never offer enough money. Once you get contracts signed, they reduce the offer. Too many headaches
CAN- heard they may be coming back? Anyway to verify?
Kapitus and Credibly seem to be the two companies who didn't stop funding and majority of brokers fund deals with for A paper do to consistency.
National- why would they earn your business if they "trimmed" ISO's. Does that mean those ISO's lost their book with them?
Also, some of these companies broker out up to 40% of their business when they don't want to renew or their direct sales takes the leads. Buyer beware
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10-19-2020, 05:48 PM #3
We don't act as an ISO so can't speak for payouts, just for programs that are available because it's worth keeping up with.
Which of these broker out files? It would be good to know so we don't refer ISOs to funders that may not honor renewals or create unnecessary competition.
CAN is currently working renewals, uncertain about their status for new business.
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