Mortgage Note Business Vendor List
5 Replies
Rick Allen
Entrepreneur/App Developer from Ocoee, Florida
posted over 3 years ago
Vendor List
Inventory
www.paperstac.com Trading platform with plenty of tech and inventory.
www.fciexchange.com – the “original” trading platform, linked to their servicing arm so it usually has inventory.
www.notesdirect.com – Note School site, has some deals, not sure if open to public yet.
www.Debtx.com – Mostly pools of assets on this site, signup fee, big players at this site (newbies proceed with caution.)
Note Education
Note School http://noteschool.com/ This is the most extensive education available, the cost is on the higher end. Note School was created by Eddie Speed, who has been in the space for more than 30 years. Without a doubt, this is the “Harvard” of the note space.
We Close Notes - http://weclosenotes.com/ This is lead by Scott Carson. Scott offers several training options and Facebook Live updates.
Note Force Academy http://noteforceacademy.com Note training for investors who are interested in wholesaling notes
PPR Note Co – This one is lead by another industry influencer, Dave Van Horn. You can do everything from learn how to invest in notes, to participate in his fund.
RESOURCE SITES
- http://nvms.com/ (Greatest vendor mgmt site)
- http://www.bestplaces.net/ (breaks down area demographics, crime rates, income, housing)
- https://www.google.com/earth/ (virtual Drive bys on the house and surrounding area)
- http://publicrecords.netronline.com/ (for public records research)
- Zillow.com (value)
- Pacer.gov (Bankruptcy info)
- Narrpr.com (if you are a realtor this is a great source for information)
- Homesnap.com (value)
- Realquest.com (this is a pay site, good for information) www.express.realquest.com
- Wegolook.com (awesome site, pay someone to go out and look at property for you and inspect it)
- http://shackshout.com/ (research site)
- http://www.rentometer.com/ (Great site to get rental rates)
- http://www.gosection8.com/ (Section 8 Rentals)
- http://www.foreclosurelaw.org/ (foreclosure information)
(Statistical references for the industry)
www.nahb.org/(Housing Statistics)
www.nahb.org/(Housing Economics)
www.Mortgagestats.com
www.nationalmortgageprofessional.com/
www.calculatedriskblog.com
www.housingwire.com
www.bankregdata.com/main.asp www.realtytrac.com/
www.realtor.org
www.corelogic.com
www.realtor.com/news/real-estate-news/
www.dsnews.com
www.dataquick.com
www.bloomberg.com/
www.bankregdata.com/
www.deptofnumbers.com
www.deptofnumbers.com/rent/us/
www.mortgagenewsdaily.com
www.mybudget360.com/home/
(Legal Reference sites)
Servicers
FCI Lender Services http://www.trustfci.com/
SN Servicing https://borrower.snsc.com/
Rick Allen
Entrepreneur/App Developer from Ocoee, Florida
replied over 3 years ago
If you feel that there are others that should be on this list, lets keep this an open thread and please add other vendors for this space on the list.
Franklin F.
Rental Property Investor from Prescott, AZ
replied over 3 years ago
@Rick Allen , thanks for this, what a great idea! I've just begun buying individual notes and can really use these references. I'm sure it'll save me hours of searching. A couple of things: 1. PPR offers individual notes, in addition to their funds. They also offer a warranty (guarantee) if it becomes non-performing once again. 2. The Note Factory, out of San Antonio, are a couple of guys who are buying and rehabbing inexpensive houses, creating a note on it and then offering the notes to accredited investors. One of them is a MLO, mortgage loan originator, and, overall, they seem to be doing a jam-up job. I've got one note (purchased May '17) and am in line for two more. The notes are first position, 10.9%-11.9%, and are brand new, so there's some risk, but the home values seem to be in line. They do not discount the notes but I'm still ok with the overall deal. They also service the notes they sell, for $25/month. So far, they have done everything they've said they would do. They also have a book out, which is how I learned about them in the first place. It's a good read: "Stop Flipping Stop Renting: Seller Finance Your Way to Financial Freedom" by Arch and Saengerhausen. I like their business model. Also, I'm looking at Colonial Capital Funding right now, and will probably go ahead and invest with them. I've read all their documentation and it seems fairly typical. I also like their efforts at reaching out to and communicating with their investors. Their fund is a 9.5% preferred return, with a 50/50 split of any excess cash. I like their model too, with Eddie Speed is one of their principals, lending all-important experience and credibility to the group. He's probably THE biggest name in the note space. So, thanks again, and I'm looking forward to following this thread. Hope it doesn't expire!
Rick Allen
Entrepreneur/App Developer from Ocoee, Florida
replied over 3 years ago
Thanks @Franklin F. . I know Colonial Capital has a fund that is targeted towards accredited investors and they do a very good job. Eddie is a wealth of knowledge and pretty much has been through the ups and downs of multiple real estate cycles. They offer a great mentor-ship program for those who want to take an active role investing in the note space and can afford the upfront cost. Lets keep it going.
Ann Howell
Investor from Houston, Tx
replied over 3 years ago
Thanks for the time to put this list together!
Linda Hastings
Rental Property Investor from Stockdale, TX
replied over 3 years ago
Might have been better to post this in the notes and tax liens forum...
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