BROKER RESOURCES

 

 NOTE BROKERS, FINDERS and AGENTS !

 

Note Funding Center wants to do business with you!

We have unlimited funds to buy your client's notes, annuities and other cash-flow instruments at the highest price. We have always been the provider of the highest cash... for 34 plus years and we will continue to be.  Why?  Because we use our own funds so our cost-of-money is far less than other buyers.   

CLOSE 50% MORE DEALS!  Use our VALUE BASE™ to close deals!  We are the only company that provides you with specific, valuable market and structure information about every note you submit to us.  Use it to your advantage!  Remember to request VALUE BASE as part of your Note or other financial instrument Quote request.

Note Funding Center supports beginner through expert Note Owners, Portfolio Originators, Banks, Service Companies, Wholesalers, Brokers, Finders and Agents.  Different than others, we allow you to determine the level of involvement and fee.  Plus, valuable personal support. 

Our high quotes, support, VALUE BASE ™ and service is complemented with dedication to you, your client's valuable asset and your professionalism.   

We look forward to working with you to close many transactions.  Now, let's get started:  START BELOW LEFT.

 

Start Here:

Now that you have read our Welcome above, it is important to know how to work together.

We suggest you Bookmark this page.  Bookmark:

 FREQUENTLY ASKED QUESTIONS: 

1.  REGISTRATION:

  • Your registration with us is not necessary. 
  • The first time you submit a note to us, your name and contact information is recorded along with the note information, date and time you presented the note according to our PRESENTATION REQUIREMENTS below.

2.  FINANCIAL INSTRUMENTS WE CAN BUY:

  • In the third column to the right you will find the types of Financial Instruments we can currently buy followed by our basic criteria for each.
  • It is important to check  the third column frequently because the criteria changes due to market conditions.

3.  FINANCIAL INSTRUMENT PRESENTATION:

  • Presenting a Financial Instrument for a cash quote is easy.  Simply complete our online Information worksheet located at CASH-PURCHASE-QUOTATION REQUEST or by clicking on your note type in the column to the right.
  • Once you have completed the worksheet, your name (as you entered in the field 'Name:') will be  recorded with this note. 
  • The first Broker presenting a complete note worksheet is recorded as Broker of Record for that note.
  • It is important to know we provide the same quote to the first four Brokers presenting the same note, in complete worksheets.
  • Depending on your fee arrangement with your note owner and/or us will determine who wins the deal.  Meaning that you may offer a higher net price to the note owner than another presenting broker and the note owner decides to go with you.

4.  PRESENTATION REQUIREMENTS:

  • You must be in direct contact and agreement with the actual Financial Instrument owner. 
  • If you are one step removed from the instrument ownerr, you must have a provable presentation and fee agreement with the party you got the note from. 
  • No Broker Chains.  Broker Chain deals never close.
  • Presenting a Financial Instrument to us requires total completion of our Online Cash-Purchase-Quotation Request Worksheet. 
  • The single most important worksheet answer is thePAYOR  CURRENT THREE CREDIT SCORES. 
  • Without credit info you will receive a 'Preliminary' or 'Subject To XXX Credit Score' Quote.  Think about it as an Investor! 
  • We cannot record nor respond to incomplete note worksheets.

5.  FEE

  • Your Broker or Finder fee is determined by you on almost all submited financial instruments.
  • We will present you with a Cash-Purchase-Quotation to buy your presented note according to the included 'Subject To' provisions included with the quote. 
  • If you told us in the completed worksheet Comments section that you wanted us to perform all the contact, negotiation and closing with the note owner, your fee is what YOU also state there and is then stated in our emailed quotation to you. 
  • If you told us you wanted to perform all the negotiation and work required to close the deal, your fee is the difference between our wholesale quote to you and your net quote you provide your note owner client. 
  • Either way, you will receive a check from us.  Simple!

6.  MY NOTE OWNER SAYS HE/SHE HAS A HIGHER PURCHASE QUOTE?

  • If your Note Owner says he/she has a higher quote for the note simply ask for written proof.
  • Once you have written proof, just email or fax it to us at private@notefundingcenter.com or Fax: 858-764-2731 attaching the written proof.  We will evaluate it and tell you everything you need to know...  including a better quote and terms if possible.  Remember, price is just one of many reasons for a note owner to select you as their Note Broker.  We are here to help you!

6.  QUESTIONS?

  • Who do I call or email if I have questions?
  • Call Dave at 858-964-0973 or dc@notefundingcenter.com.  Dave is our founder and involved with every transaction.  Plus he is a 34 yr. veteran of the Note Buying Industry, considered an industry authority, speaks, writes, teaches and publishes.  He can help improve your skills and enhance your income.

 

Present your Client's Financial Instrument by clicking on it's  Type below:

 
 
OTHER FINANCIAL INSTRUMENTS
 

 

 
 
 

 

FINANCIAL INSTRUMENTS WE CAN BUY plus Basic Buying Criteria.  As of July2010.

NOTE:  As a leading, 34 yr old, Note Investor in the US, we can tell you that the note payor's current credit scores and history directly impact the amount of cash we can pay for a financial instrument.  Knowing your payor's scores is a creditor's Federal Legal Right, at all times and without payor consent.  You can obtain the scores at http://www.freecreditreportsinstantly.com/creditreport/d2/3in1.aspx The scores question is asked on our note quote request worksheet. 

 1.  REAL ESTATE NOTE, MORTGAGE , DEED or CONTRACT (Single and Multi Family and Commercial property):

  • 1st Position Note, Mortgage, Contract for Deed or Trust Deed or Land Contract Buying Criteria:

 

--  Min. $25,000 Unpaid Bal.
--  Max. 90% CLTV on Residential, 75% on Commercial

--  Min. 3 mths Seasoning

--  No Simo Closes
--  All States
--  Min. Mid FICO of 600

-- Note Owner must have owned the property 12 mths prior to sale

 

  • 2nd position Notes Buying Criteria:

 

-- CURRENTLY NOT BUYING 2nd POSITION NOTES.  
 
 
 
 
 
 

 

 2.  BUSINESS NOTES Buying Criteria:

 

--  1st position Note with or without Real Estate
--  Min. 25% Cash Business Sale Down Payment

--  Min. $50,000 Unpaid Bal. (UPB)

--  Max. $1M UPB
--  Min. 2 mths of Seasoning
--  630 Min. Payor FICO Score
--  Personal Guaranty
--  Provable Note Performance and Positive Business Cash Flow
--  Full and Partial Note Sale
--  Full Docs
 

 

3.  LAND NOTES, MORTGAGES AND CONTRACTS Buying Criteria:

 

-- CURRENTLY BUYING ONLY IMPROVED LAND NOTES AND CONTRACTS

--  Max. 65% LTV

--  Min. 35% Cash Down Payment
--  No Note or Deed Release Clauses
--  Utilities on or to Property

 

4.  MOBILE HOME NOTE, MORTGAGE OR CONTRACT WITH LAND Buying Criteria:

 

-- Must include Land Ownership

-- Min $25,000 UPB

-- Double and Triple Wide Homes Only
-- Min. 630 Payor FICO Score
-- Max. 60% LTV

 

5.  SIMULTANEOUS CLOSE NOTE Buying Criteria:

 

--  CURRENTLY NOT BUYING SIMO CLOSE NOTES
 
 
 

 

6.  NOTE and REO PORTFOLIOS Buying Criteria:

 

--  Submission ONLY by portfolio owners or authorized compilers, servicing companies or licensed traders. No brokers, finders, intermediaries.
--  We buy Real Estate Portfolios that are Non-Perfoming or Performing 1st and 2nd position Notes and REO's.
--  $10M to $200M
-- Must submit detailed Tape/Spreadsheet along with contact and authorization info and expected sale price.

 

 7.  STRUCTURED SETTLEMENTS and ANNUITIES:

                        

--  Court ordered Structured Settlements.
--  Court ordered or personal Annuities
--  Min. $25,000

 

 

 

 

Copyright 2010.  Note Funding Center.  All Rights Reserved.