hazellend
Member of DD Central
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Post by hazellend on Feb 5, 2016 18:46:09 GMT
Hi all,
Can somebody explain to me the rules regarding prefunding pipeline loans? For example if I want 1 - 2000 pounds in a loan how much should I prebid (assuming I have the monies in other loans/cash to cover any shortfall)
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Feb 5, 2016 18:50:33 GMT
Hi all, Can somebody explain to me the rules regarding prefunding pipeline loans? For example if I want 1 - 2000 pounds in a loan how much should I prebid (assuming I have the monies in other loans/cash to cover any shortfall) Hi hazellend I suggest you go here and read from that post and the next page. Prefunding is discussed in some detail there and I'm sure everybody would just be repeating themselves here! However a quick answer to your question; for loans up to 1m everybody gets an equal share no matter what you bid (unless you indicate you want less).
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webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Feb 5, 2016 18:51:34 GMT
There are no rules - it's a game. For the two upcoming small loans it does not matter - you will only get a small amount. For larger loans you may or may not be scaled back so the skill is in judging the scale back level and pitching your prefund accordingly. I do not advise prefunding for more than you are prepared to take if you unexpectedly got a lot more than you thought because these are the very circumstances where you might have trouble shifting the excess on the SM.
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