Free Training
Acquisitions
Learn how to find mortgage notes for sale, evaluate sellers, read loan tapes, price assets, and build a repeatable deal pipeline.
Acquisitions covers the entire path from "I want to buy notes" to "I own a portfolio." Sourcing channels: banks, credit unions, hedge funds, pool buyers, brokers, and retail marketplaces — each with different pricing, transparency, and access requirements.
The course walks through pricing methodology for performing notes (yield-based, 75–100%+ of UPB) and non-performing first liens (priced against fair market value, 7–83% of FMV), bidding strategy on competitive tapes, and the LPSA workflow that closes the trade.
Lessons
17 min26 min37 min47 min57 min
Sources of Mortgage Notes
The full supply chain of mortgage notes -- from banks and hedge funds to exchanges, brokers, and the FIXnotes marketplace.
Vetting Your Loan Seller
The four critical questions to ask every loan seller before spending time or money on due diligence — and how the answers reveal deal quality.
Reading the Data Tape
How to read a loan tape, understand key data columns, and quickly filter a portfolio down to your criteria before spending time on due diligence.
How to Price & Submit Bids
Pricing methodologies for performing and non-performing notes, bid templates, and the difference between indicative and final offers.
The Note Investor Funnel
How to build a repeatable pipeline from sourcing leads to closing deals and systematize your acquisition process for consistent deal flow.
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