The Note Business: An Industry On The Rise
Friday, August 28
NNG Explains How to Grow in your Business and Succeed with Notes.By: National Note GroupSome make the move from one profession into the note business, which can be quite lucrative. Is it the best choice for everyone? Not necessarily; that is for one to decide on their own. What we are saying howe...
Servicing Setup In The Note Business
Tuesday, August 18
To service a loan that re-performs, you would need a servicer’s assistance. Getting the right servicer for your loan can sometimes be tricky according to your needs and desires. FCI Lender Services, Madison Management and Landhome are a few of the servicers NNG uses. The largest one of these is F...
How to get on the bidders list and stay on it.
Tuesday, August 11
Meeting Qualifications and Knowing the Fundamentals.Like most processes in life there are obstacles and requirements to qualifying as a “bidder;” however, nothing impossible or too difficult. This business isn’t meant to be hard it really just takes proper preparation and practice. Many times NNG...
No Hiding with Homeowner Financials
Wednesday, July 29
Verifying Homeowner Financials and other Essential InformationBeing a note buyer means more than notes and cash flow; it also means knowing your homeowner. At any point a homeowner can deny having the money to meet pending payments. Don’t be too quick to take their word or the payment amount they...
Conforming with Licensing Laws and Requirements
Wednesday, July 22
Who is Required to be Licensed and Where.Documentation and regulations are the new norm and an important part of note buying and the mortgage business on the whole. Nowadays, certain things can’t be done without the proper licensing, which came about as a result of the economic climate, foreclosu...
Agree to Disagee: What Agreement Suits Both of You Best
Thursday, July 09
NNG Explains Different AgreementsWhen it comes to the note buyer and the homeowner, the goal is to reach some sort of agreement. As the note holder, you want to get the homeowner to come to a decision and optimally one that signifies cash flow. However, sometimes it isn’t as easy as one, two, thr...