ISO profitability
Per ISO: what their book earned the house, net of the commission paid to them. Shown for all their deals and for settled deals only — settled means done collecting: paid off, renewed or defaulted.
Compare ISOs by Net on settled: a deal still collecting reads negative until its collections pay back what the house put in.
How this is calculated
Commission out is the house share: the ISO commission less the part syndicators fronted on their slices. The Funding report and ISO production show it gross. Net to house to date = the house share accrued so far − the cash the house put into its own slices + fee income − commission out − funding costs: a deal still collecting reads negative until its collections return that cash, however well it pays. House P&L lists the accrued share alone, before that cash. Margin on settled = Net on settled ÷ what was funded on those deals.
| ISO | Deals | Funded $ | Fee income | Commission out (house share) | Open loss on defaults (vs funded) | Net to house to date | Settled deals (paid off, renewed or defaulted) | Net on settled | Margin on settled |
|---|---|---|---|---|---|---|---|---|---|
| Atlas Brokers | 3 | $315,000.00 | $0.00 | −$31,500.00 | −$50,133.22 | −$112,348.93 | 1 | −$35,472.75 | −59.1% |
| Keystone Partners | 2 | $270,000.00 | $74.29 | −$24,150.00 | $0.00 | −$159,420.28 | 0 | — | — |
| Pinnacle Group | 1 | $64,000.00 | $0.00 | −$9,280.00 | $0.00 | −$38,283.28 | 0 | — | — |
| Vanguard ISO | 1 | $25,000.00 | $0.00 | −$3,250.00 | $0.00 | −$18,406.25 | 0 | — | — |