Plaintiffs simply complete and submit an online application and The Funding Exchange
does the rest. We route your lawsuit funding application
to the most appropriate litigation funding sources by matching the criteria of your application with the profiles of the litigation funding sources. Your
application is instantly routed electronically to the most appropriate funding companies. After submitting
your lawsuit funding application, be sure to check the status
of your application online. The status page will list the meanings of the different statuses. When your application has a status
of "Funded" then you should contact your attorney to find out when and where to pick-up your lawsuit
cash advance.
- Submitted:
Your application will be assigned to a funding source shortly
- Under Review:
Your application is being reviewed by one of our funding sources (please contact your attorney to provide case documentation to the litigation funding companies)
- Approved:
Your application has been approved and a contract has been sent to your attorney - the money will be transferred when the funding source receives the signed contract
- Expired:
We were unable to place your funding request with one of our funding sources, please contact other companies in order to find funding for your lawsuit
- Funded:
Funds have been transferred directly to you (or to you via your attorney)
- Funding Cancelled:
Funds could not be transferred. Some reasons why the funds could not be tranferred include: plaintiff already secured funding, plaintiff's attorney would not sign the contract, the case settled earlier than expected, etc.
Litigation funding
(also known as a
lawsuit loan,
lawsuit cash advance,
lawsuit financing,
litigation loan,
litigation cash advance,
litigation financing,
pre-settlement loan,
pre-settlement cash advance,
pre-settlement financing,
etc.) is a
cash advance given by a
litigation funding company
that supplies a plaintiff (funds recipient) with sufficient money to get to the conclusion of the case. When the case
is completed successfully, the company providing the funds is reimbursed from the verdict or settlement.
Only litigation brokers
and funding companies
need to register with The Funding Exchange.
Plaintiffs do not need to register; they only need to complete and submit a
lawsuit funding application.
Only litigation brokers
and funding companies
need to login to The Funding Exchange.
Plaintiffs do not need to login; they only need to complete and submit a
lawsuit funding application.
The Funding Exchange
site is integrated with Verisign’s Secure Socket Layer 128 bit security certificate.
Any and all confidential information that is entered in
The Funding Exchange
is encrypted with 128 bit encryption which has never been compromised. Therefore, it is
completely safe to enter information into
The Funding Exchange’s
site as we have made all possible precautions to ensure the security of the information.
The Funding Exchange
does not sell or share users’ information with 3rd parties unless the information is
necessary to complete your funding request or if forced to do so by a court order.
All information entered into The Funding Exchange
will only be used to conduct the business
transactions for securing litigation funding. Information necessary to secure funding will
be shared with approved and assigned
funding sources.
Any information that is not needed to secure funding will not be shared with
funding sources.
Employees of The Funding Exchange
may need to view information in order to process the lawsuit funding applications but this information will be
held in strict confidence per The Funding Exchange’s
laws of conduct. Additionally, all funding sources, brokers, employees, of
The Funding Exchange and any
outside consultants sign a strict confidentiality agreement.
There are different parties in a
litigation funding
transaction: plaintiffs, funding sources,
and brokers.
The Funding Exchange was created to allow
plaintiffs and/or
brokers (on behalf of
their clients) to apply for funding through an online litigation funding market.
On the broker tab of The Funding Exchange,
select broker from the dropdown
and then click the Register button. The registration process will lead you through a wizard and will
prompt you for specific information. If you need help during the process or throughout the site, use
the Help link on the top right of the screens to show information that should answer your questions.
On the broker tab of The Funding Exchange,
enter your username/password, choose
broker from the dropdown,
and click the Login button. Upon a successful login, you will be taken to your homepage within
The Funding Exchange’s portal.
A broker
will gather the information from their client (plaintiff) about the amount needed, the case details, the attorney, etc.,
and create a lawsuit funding request through The Funding Exchange.
The lawsuit funding request is routed to the most appropriate
funding sources
and, upon approval, the funds will be sent to the plaintiff outside of
The Funding Exchange.
The Funding Exchange
does not wire the funds to the plaintiff but rather lets the
funding sources
transfer the money as they normally do: sending a check, wiring the money, automatically depositing the
money into an account, or some other means of transferring the funds.
Additionally, any contracts or funding agreements are signed outside of
The Funding Exchange between all the parties involved.
The Funding Exchange routes a
lawsuit funding application to the most appropriate
funding sources.
When the funding source approves and funds the request, the funding source transfers the brokerage
commission to The Funding Exchange.
The Funding Exchange then sends
a check to the broker for the full commission -
The Funding Exchange does not charge
brokers to use the service.
Funding sources
are matched to a lawsuit funding request based upon a number of different factors.
The request may be matched to multiple
funding sources
until it is approved.
After a secure login, the Request tab in the broker's portal
will show the list of lawsuit funding requests that have been created by the
broker.
The status of the lawsuit funding requests will be shown on the Request tab as well as on the lawsuit funding request itself when the
broker drills down
on the request. The status will show “Approved” when the lawsuit funding request has been accepted by a
funding source.
A status of “Approved” means that the
funding source
has viewed the lawsuit funding request and accepts the terms and the funding amount of the lawsuit funding request. The
funding source
will forward the contract to the attorney for his/her signature.
After the contract has been signed and returned, the funds will be made available
to the plaintiff. It is after this point that the status will be changed
to "Funded."
The funding source
that is assigned to a lawsuit funding request is anonymous through
The Funding Exchange until it is approved. Upon approval, the
funding source's
identity will be revealed to the broker.