Decline
A funder’s refusal to make an offer on a submitted file.
Roughly half of declines are properties of the merchant — negative days, existing positions, time in business — and cannot be fixed. The other half are properties of the file: an unrealistic ask, missing months, no context for an anomaly, or placement with a funder that never wanted that paper.
Why it matters to a broker
Split your declines into those two columns and count them. The ratio tells you whether your problem is process or lead qualification, and they need entirely different fixes.
Book 15 minutes with Alex.
We will tell you straight up if we cannot help you.
Read this before you book.
- ✗We do not offer free trials.
- ✗We do not give discounts.
- ✗We do not do commission deals.
- ✓We require an upfront investment to work with us.
If you are not able to invest into getting more leads for your brokerage, do not book a call.
— Alex