Place deals for other buyers first. Build your own book second.
You don't need capital to start in the note business — you need to be the person who can read a tape, price it honestly, and bring it to someone who can close. That is a learnable skill with a defined body of knowledge, and this is where you learn it.
- One payment. Nothing auto-renews.
- 12 months of the FIXnotes platform included
- CNP™ certification track, vetting package, and a private 1:1 strategy session
Nobody takes a call from someone who can't price a tape
The introduction is not the hard part. Sellers, funds and servicers are reachable, and the people holding paper are not hiding. What stops a new matchmaker is the second conversation — the one where a seller asks what you think the pool is worth, and there is no answer that survives follow-up questions.
You can't place what you can't evaluate
A buyer will not act on a deal you cannot explain. Lien position, senior balance, statute exposure, servicing history, what the collateral file is missing — those are the questions on the other side of every introduction you make.
You can't find deals you can't see
Sourcing is a data problem before it is a relationship problem. Knowing which institutions are carrying distress, and which ones move paper, is the difference between working a list and guessing.
You can't ask a buyer to trust an unknown
Counterparties in this industry vet each other. Showing up with a credential and a documented process changes the reception you get — and the reception you get is the entire job.
Why we don't call ourselves brokers
We named this the Broker Bundle because that is the language the market uses. The legal picture underneath it is more specific than the word, and being precise about it is part of what you're buying.
FIXnotes is not a broker-dealer
FIXnotes is a marketplace where principals transact directly. It is not registered with the SEC or FINRA and does not offer, sell, or facilitate the sale of securities.
Whole notes are not securities
A whole loan is the complete legal ownership of one debt obligation secured by real property — not an investment contract, a fractional interest, or a share in a pooled vehicle. Broker-dealer registration is not in the picture for whole-loan trades. Pools and fractional interests are a different question, and that distinction is one you need to be able to draw.
What applies to YOU depends on your state and on what you actually do
Introducing a buyer to a seller is treated very differently from negotiating terms, and a whole loan very differently from a fractional interest in one. Several states license debt buyers, and some license mortgage loan purchasers outright. Knowing which side of those lines you are on is part of the program — it is one of the reasons people take it before they start placing deals.
FIXnotes provides education and tools, not legal advice. Members are responsible for licensing requirements in every jurisdiction where they operate.
Read the full disclaimers →Eight modules. 25 lessons. Six applied exercises.
Sequential unlock, with one deliberate exception: Module 7 — Compliance & Vetting — is open from day one, so you can start your buyer qualification immediately. Every lesson ends with a knowledge check you pass at 100% or retake, and six modules end with applied exercises on real data and real scenarios. This is not a video library you watch at 2× and forget.
Three of those modules are the ones a matchmaker lives in: reading a tape for time bombs, the due-diligence waterfall that tells you what a deal is actually worth, and the compliance and vetting work that makes a counterparty answer your email.
The program finishes with the capstone assessment — one real deal, from data tape to resolution plan, with the real sale price revealed at the end. The capstone opens by the end of 2026; your certification completes there.
The CNP™ and your Portable Vetting Package
Certified Note Professional™ is FIXnotes' professional designation, earned by completing every module, passing every knowledge check, working the applied exercises, and finishing the capstone assessment. Alongside it you build your Portable Vetting Package: thirteen sections covering your entity, insurance, licensing, servicing arrangement and compliance controls, plus seven signed compliance agreements. FIXnotes reviews it — including a background screening — typically within 1–3 business days.
- A public verification link any counterparty can check in thirty seconds
- A polished PDF bundle — the professional equivalent of a pre-approval letter in residential lending
- Both are portable: yours in every conversation in this industry, not just on FIXnotes
And the tools to find the deals you intend to place
Enrollment includes a full year of the Foundation platform — the same platform that bills $167/mo on its own. This is the part a curriculum alone cannot replace: a matchmaker without a sourcing tool has nowhere to look.
- NPL Explorer™ — full search and analysis across bank and credit-union call-report distress data, so you can see who is carrying paper before you pick up the phone
- The FIXnotes Marketplace — complete your buyer qualification and the $250K minimum trade size is waived, so you can transact at one note instead of a portfolio
- Practice deals on real assets — submit practice offers and see what those notes actually sold for
- Same-day recordings of both weekly Open Office Hour calls with Rob and Bill — watch how other members' deals actually get worked
The contracts you need to get paid on a placement
Included with your Foundation year
- Matchmaker Fee Contracts — the agreement templates for getting paid on a placement
- Broker Agreement (Buyer Pays Finder's Fee) — for the deals where the buyer carries your fee
- Non-Disclosure / Non-Circumvent Agreement — so the parties you introduce can't route around you
Templates, not legal advice — have your own counsel review anything you sign, and see the licensing note above.
Real reviews from real members.
600%+ ROI from a mortgage note — how DJ did it
"Among the top 5 most knowledgeable people in this industry"
Closed a $2.7M note deal
First deal — $1M+ of NPLs within 6 months of joining
One sign made a 400% ROI in 3 weeks
Doubled his money in under a year
From YouTube viewer to Mastermind member
$1,850 NPL into $125/mo for 8 years
When you find a tape you can't place, bring it here
The Insider's Trade Desk is the FIXnotes deal board — where members and sellers put paper in front of buyers who are actually in the market. A matchmaker's hardest week is the one where the deal is real and the buyer isn't. That is the week the Trade Desk is for.
Finding a home for a deal you sourced is the point. Having somewhere to take it is the difference between a placement and a dead lead.
See the Trade Desk →What enrollment includes
- The Accelerator — 8 modules, 25 lessons, six applied exercises + the capstone assessmentthe program
- CNP™ certification trackearned through the capstone assessment
- Portable Vetting Package13 sections · 7 agreements · verification link + PDF
- Private 1:1 strategy sessionbooked right after checkout
- 12 months of the FIXnotes platformmarketplace, NPL Explorer™, practice deals, same-day call recordings
$1,997
One payment. Nothing auto-renews — the platform simply pauses after twelve months unless you choose to continue.
If you do continue, it's the Foundation annual membership at $1,497/yr, locked at that rate even when the public price rises.
One housekeeping note, so nothing surprises you at checkout: the Broker Bundle is our Accelerator program plus a year of the platform. Your receipt, your welcome email, and your account will all say Accelerator.
100% 30-day money-back guarantee
Go through the program. Start your vetting package. Use the tools. If it isn't worth it, email us within 30 days for a full refund — no forms, no calls. A refund ends program access, including the certification track and the vetting package.
Who this is for — and who it isn't
- People who intend to source and place deals for other buyers before buying their own
- Real-estate and lending professionals who already have a network and want paper to put in front of it
- Anyone who wants a credential and a documented process before they start making introductions
- Anyone looking for passive income — this is an active workout business, and the work is the product
- Anyone who won't put in roughly three focused hours a week for the modules and exercises
- Certificate collectors — the knowledge checks require 100% and the capstone is a real assessment
Frequently asked questions
Do I need capital to do this?
Not to start. Placing deals for other buyers is precisely the path this page is about, and it is why the platform year matters as much as the program — you need somewhere to look for paper, not just the knowledge of what to do with it. Most people who take this route do eventually start buying their own; the program is built so that the second stage is a continuation rather than a restart.
Do I need a license?
That depends on your state and on what you actually do — introducing a buyer to a seller is treated very differently from negotiating terms, and a whole loan very differently from a fractional interest in one. Several states license debt buyers, and some license mortgage loan purchasers outright. FIXnotes provides education and tools, not legal advice, and members are responsible for licensing requirements in every jurisdiction where they operate. Learning where those lines fall is part of the program.
How much time does it take?
Plan on around three focused hours a week for ninety days. Modules unlock sequentially, except Module 7 — Compliance & Vetting — which is open from day one so your buyer qualification can start immediately. Every knowledge check requires 100%, so you can move faster but you can't skim.
What exactly am I buying?
One payment of $1,997 for the Accelerator program, the CNP™ certification track, your Portable Vetting Package, a private 1:1 strategy session, and twelve months of the FIXnotes platform. There is no subscription and nothing auto-renews.
What happens after twelve months?
The certification, the program, and your Portable Vetting Package are yours for life. Only the platform pauses. If you want to keep it, renewal is opt-in at the Foundation annual membership — $1,497/yr, grandfathered at that rate even after the public price rises. If you do nothing, nothing is charged.
Which agreement templates do I get?
Three, all in the FIXnotes library and all included with your Foundation year: the Matchmaker Fee Contracts, the Broker Agreement (Buyer Pays Finder's Fee) for deals where the buyer carries your fee, and the Non-Disclosure / Non-Circumvent Agreement so the parties you introduce can't route around you. They're templates, not legal advice — have your own counsel review anything you sign.
When does the certification actually complete?
CNP™ is earned by completing all eight modules, every knowledge check, the applied exercises, and the capstone assessment, which opens by the end of 2026 — your certification completes there. Everything else, including your buyer qualification and its public verification link, is available now.
What's the guarantee?
100% money-back for 30 days, no questions asked — email support and it's done. A refund ends program access, including the certification track and the vetting package.
The introduction is the easy part. Be the person who can do the rest.
One payment. The program, the credential, the vetting package, the strategy session, and a year of the platform to work with. Nothing auto-renews.
100% 30-day money-back guarantee
Note investing is an active workout business, not a passive investment, and it involves risk including loss of principal. FIXnotes provides education, tools, and a marketplace — not investment, legal, or tax advice, and not a guarantee of any outcome. Results shown are individual member experiences and are not typical. Members are responsible for licensing and regulatory requirements in every jurisdiction where they operate.