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Commission Express of NJ

Bridgewater, New Jersey, United States

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General Info:

Purpose: To Manage Cash Flow and Maximize financial opportunities Concept: Purchase Accounts Receivalbe as a Factor...not a lender (no interest) No Credit Check, Background Checks only Methodology: Receivables = Advance Holdback Discount Discount: 8% for 30 days, 10% for 60 days, 11% for 90 days, (note; adjust to your pricing schedule) Holdbacks: Usually 10% Advance: __% for 30 days, __% for 60 days, __% for 90 days, (note; adjust to your pricing schedule) Receivable: The agents share of commission (whole or partial commission) Process: A) Documents needed, Application, Certification, Notice of Assignment, MLS Printout               B) Procedure: Fax above documents to Commission Express @908-393-5206               C) Underwriting: Package is reviewed and approved, suspended or rejected               D) Approval: Complete Account Receivable, Sale and Assignment Agreement and get commission advance. Note; on initial transaction complete Master Repurchase and Security Agreement and UCCI.

Other Information:

Specialties: Estates

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