The ladder

Who gets the paper first.

Every Monday at 6 a.m. Eastern the week is closed and every seat is ranked on paid commission per file received, so a shop that works 20 files well sits above one that burns 100. Ties go to submission rate, then contact rate, then clocks kept.

First close
The first ladder publishes Monday, November 9.

Seats are working their first full week now. On Monday at 6 a.m. Eastern the week closes, every seat is ranked, and the standings appear here by rank. Until then, the example below shows how the rule moves a seat.

Example week 1ranked on paid per file
01Harbor Street CapitalTOP SEAT100/day$29.40380 files · 61 submitted · 14 funded
02Meridian Funding Group50/day$25.10210 files · 38 submitted · 9 funded
03Lantern Business Capital50/day$21.70200 files · 29 submitted · 7 funded
04Northgate Advisors20/day$18.9095 files · 17 submitted · 3 funded
05Castello Partners20/day$6.00100 files · 9 submitted · 1 funded
Invented seats and figures, moving so you can see the rule work. The real ladder is visible to every member every Monday.
Up

Pay on time, keep every file disposed, convert at or above the exchange median for two weeks running, and your tier steps up the following Monday.

Down

Miss a payment, miss more than one clock in ten, or mark files faster than anyone could have called them, and your tier steps down.

Off

An unreported funding, a leaked file, or two unpaid weeks closes the seat. Fees already earned remain due.