Mortgage note buyers are companies or investors with the capital to purchase a mortgage note. If someone is holding a private mortgage, these investors will give cash and take over receiving the monthly payments that were being paid to the previous owner.
There is an active secondary market for mortgage notes and most traders are larger banks or real-estate investors. Investment brokerages help investors find mortgage-note buyers and sellers on the secondary market.
Many corporate note buyers act as “master brokers.” They work with new brokers to help them negotiate, package and close transactions. Borker is an agent who, acting on behalf of a principal, buys or sells goods, securities, etc., in return for a commission.
