FCI Exchange, Internet Trading Platform for Trading Notes Real estate is an ever booming field as history suggests. The outrageous growth of the market brings in a system that is well placed to help investors. There are several types of investment supported by numerous instruments involved. The variety of instruments has been formulated to ease real estate investing on many fronts. One such instrument which makes it easy for any investor to be involved is mortgage notes. By definition mortgage notes are promissory notes backed by specified mortgage loan.
Mortgage Notes: In simple words mortgage note is a documented promise by borrower to repay the sum of specified amount and interest over a period of time at a specified rate. The loan is secured by imposing lien on real property until the loan is paid. It brings a relief for any investor, considering they don’t have to work hard to find tenants or fixed-upper. Most of the savvy investors know the extent of rewarding nature of mortgage notes. Smart investors see this as an opportunity to safeguard their savings and retirement from market’s inflation. How FCI Exchange helps: FCI Exchange acts as a web based trading platform for buying and selling mortgage notes. Speedy and compliant trades are exactly what this site offers. The site is easily usable by beginners and pros alike. There are no financial charges for listing the notes along with no hidden registration fees. Commissions would be charged only upon closing up a trade. FCI Exchanges plays the role of a third party who assists the trading. It sees through the trade from start to finish thereby ensuring timely response of both parties. Every trade happening on this exchange is supervised by a servicer who understands compliant trades. Company’s background: FCI network has been actively involved in loans, note trading and REO for the past three decades. FCI exchange came into place after there were issues of compliance, resulting in hap hazardous trading situations. Expert staffs at FCI had been responsible in every trade they dealt with. Buying and Selling of notes: Buying or selling notes on FCI exchange requires you to register with the site. The Buyers are provided direct access to listings for notes through web interface. Nevertheless all information could be accessed from the site alone. As soon as details of offer are given by buyer, corresponding seller of the mortgage note needs to respond inside two business days. The contact information of the seller is never provided until closing process of the trade. Communication must necessarily happen through website. FCI Exchange checks the validity of seller in regards with precise documentation and submitting information. FCI strictly advises buyers to verify property’s value considering the limitations on validating valuation presented by seller.
Selling of notes has never been easier than how FCI facilitated it. Buyers are asked to submit poof on their funding potential through financial institutions. Thus a seller can be sure he/she is dealing with a serious and legit customer. FCI Exchange serves for trading mortgage notes only and doesn’t allow REO. REO’s are strictly forbidden and if a note converts to a REO, it is removed from listings. Any seller is allowed to list a single note or a pool of loans into the listing. It is made simple as 1-2-3 with provision of a spread sheet to enter details of every mortgage note. The listed notes can be updated from the product box on your product ID. Notes should be sold as a whole and in case of shared notes, consent of every beneficiary is essential. Distressed notes are categorised under non performing notes. Transparency of FCI exchange makes every aspect of listing clearly known to buyer even in case of distressed notes. The notes are classified as performing note, non-performing note and newly originated notes by taking account of date when the note is listed. Diamond program in FCI allows sellers to highlight their listing. Such listings are suffixed by a diamond logo on their listing. Loan Investment Strategy Model presents accurate data on ROI (Return on Investment) of any note listed. The search tool is effective to weed out listings that don’t fit to buyer’s preferences on the stateof note and its lien location. The transparency and efficiency of a servicer like FCI exchange is what a typical buyer or seller looks for. FCI Exchange, Inc. "The Original Web Trading Platform Linked to a Servicer" offers Distressed Notes for Sale, buying, trading, exchange, alternative and Mortgage Note Investment services online at Fciexchange.com