Does a marketplace service actually move the paper faster or am I just paying for the feeling of distribution
Sitting on capital so I watch a lot of these deals come through rather than originate them, and I keep trying to figure out what the marketplace layer is actually buying for a wholesaler. I see the same Phoenix and DFW properties hit three different inboxes I'm on, sometimes the same week, sometimes weeks apart, and the assignment fee changes between them. One came through at 18k attached, then I saw it again through a different channel at 24k. It closed, I think, but I have no idea which side got the buyer. So I don't know if the first sender moved it or just blasted it and someone downstream did the work. From where I sit, the marketplace fee looks like it might be compensating for a list that's wide but not deep, meaning a lot of names who aren't buying, and the few buyers who close are finding deals anyway. The 1 percent at closing model on top of a monthly fee is the one I can't make sense of at all. If I were the wholesaler I'd want to know whether the buyer who closed came from that network or from someone they already knew, and I'd want that tracked before month two. Is anyone on the wholesale side actually getting that data back from their marketplace partner, or is it just a closed number at the end.