Free Training

Acquisitions

5 lessons34 min

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

Sources of Mortgage Notes

The full supply chain of mortgage notes -- from banks and hedge funds to exchanges, brokers, and the FIXnotes marketplace.

7 min 2

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.

6 min 3

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.

7 min 4

How to Price & Submit Bids

Pricing methodologies for performing and non-performing notes, bid templates, and the difference between indicative and final offers.

7 min 5

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.

7 min

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