Exchange Brokers

In my association with Real Estate Exchange Brokers during the previous three decades, I have yet to meet one who did not have a pocketful of promissory notes. Either they are the beneficiary particularly if they are involved as a principal in the exchange transaction as an investor or, they represent investors who exchange real estate using the 1031 provisions of the Tax Code to build wealth.

In an exchange transaction promissory notes are most often used to balance the equity by either offering to assign existing notes in their portfolio as part of the acquisition of the property or receiving a note from the owner of the replacement property.

Exchange Brokers who are members of the National Council of Exchangors and or the Society of Exchange Counselors typically are involved in Client Counseling, Investing. Many are proficient in Real Estate Development, Commercial and Industrial Investment and analysis as well as the discounted note business. It is not unusual for Exchange Brokers to hold the professional designation of Certified Commercial Investment Member (CCIM).

The Note Servicing Center has enjoyed supporting Exchange and Investment Professionals by providing accurate and efficient loan servicing made possible by licensed Brokers with decades of experience in the area of Exchanging and Investments. The owner/brokers of the Note Servicing Center have been members of the National Council of Exchangors since 1984 and hold the EMS Designation.

For over 35 years now, the founders of the Note Servicing Center have been collecting and servicing private notes and loans. The Note Servicing Center protects client funds through fidelity bonding, is CPA audited every 90 days and completes mandatory quarterly reporting to the Department of Real Estate. Clients benefit from our highly sophisticated computer system, proprietary in design on the cutting edge of technology. These facts, together with the ability of the company’s team of innovative, creative and experienced staff, provide clients affordable, accurate, fast and dependable note servicing.

Wally Walker, an old time experienced Note and Exchange Trainer, used to call the services provided by the Note Servicing Center as “Toning the Note” by increasing the note’s value. He believed in the notion that having a neutral third party provider: continuity, audit trail, history and reporting as well as portfolio analysis will enhanced the value of a note. The late Royce Ringstorf, author of “The Basic Steps in Real Estate Exchanging” and one of the most respected and successful Exchangors in the business, supported and recommended the use of a third party servicer as part of the due diligence when purchasing a note and verifying value.

You can find the types of notes and contracts serviced by the Note Servicing Center. No note is too difficult to service regardless of the complexity and structural creativity. Our goal is to “Take the Worry Out” so you can spend your time “Building your Business. The servicing most in demand by Exchange Brokers is Multi-Investor loans, partially because in most States the servicing of this type of notes requires special reporting to the Licensing Authority and quarterly reporting. These notes can be very profitable for the investor/broker, but require an unusual amount of time, money and expertise. The Note Servicing Center is a “threshold broker” and in that position takes care of the reporting for the Broker and is the entity subject to the audit, not the Broker. We also take on servicing Subject2 transactions, and Land Contracts (aka Contract for a Deed).

Click here to sign up for servicing. After you have reviewed the Services we Provide, Choose the Package that best describes you and your needs, complete the Online Forms and Authorization and Fax or e-mail to the Note Servicing Center and choose the method of payment for the “Set Up”.  We take over from there and do all the work.

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Disclaimer

The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind. Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal. Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances. Some articles on this site include hypothetical stories, examples, and scenarios created to illustrate concepts and demonstrate the types of situations Note Servicing Center, Inc. handles. Any names, companies, properties, and circumstances in these examples are fictitious or have been anonymized to protect confidentiality, and any resemblance to actual persons or entities is coincidental. These examples do not describe specific clients and do not guarantee any particular outcome. Some content may be created with the assistance of generative AI tools and may contain errors or omissions. While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.