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Johny Fernandez: What is a
clawback?

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Sean Murray: What is a clawback?
A clawback is when the funder or

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lender takes back the commission
it gave to the broker there, I

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don't know if this is where it
came from, but they're in my in

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my imagination, I picture like a
claw a claw coming in, clawing

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back the commission. They're
literally clawing it back, so

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what is a clawback? A clawback
is when a lender or funder claws

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back the commission, and they
they're doing that because they

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have a stipulation in their
contract that allows them to

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take that commission back or
claw it back, if the deal

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defaults within a certain amount
of time. So if you're a broker,

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you broker this deal you get
paid the commission you're like,

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awesome, you know, this is great
I rule. And then the next day

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that merchant turns around and
you know, runs off with the

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money or or, you know, goes out
of business suddenly, within

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like 24 hours, that can be
considered a material breach of

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the agreement that results in a
clawback in which that lender or

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funder says, hold on something
went wrong here from the

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beginning. This wasn't a
legitimate deal. We have the

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right to now clawback the
commission it, defaulted too quick.