Home | Advantages | How it Works | Definitions and Terms | Broker Funding Schedule |

Rather than trying to find funding for each and every deal, BrokerLine™ loans you the money to buy and build up a portfolio to sell off to industry buyers. This eliminates the hassle of simultaneously matching the purchase of a note with its sale to an investor. Once the note is "off the street", your allowed the time to shop for the best source of permanent funding.

Notes are submitted as they are negotiated and fundings can occur within a matter of days, provided a complete package is received. We simply review the value of the collateral, the borrowers ability to pay, and then perfect our interest in the note or contract at the closing. Underwriting requirements are staightforward and fundings are faster with BrokerLine™ because you own the note.

The interest rate charged and percentage of the principal balance that FNAC-NA is able to advance vary with the type and quality of each note on your BrokerLine™. You collect the discount on each note over time as you build your portfolio of notes.

All payments due on the notes in your Line will then be directed to FNAC-NA with monthly invoices and held in escrow as they are received each month. At the end of each month, any fees and interest owed to FNAC-NA (or any principal amounts required to keep the Line within formula) are deducted from the money in your escrow account and the balance of that account is swept into your commercial checking account (provided that borrowing formula is adequate). The money in your checking account is, of course, yours to buy more notes or to use as you please.

Brokers with notes that he/she currently own can be put on a line right away. These notes can then be borrowed against, provided the collateral falls in our underwriting guidelines and FNACNA can perfect an interest in the notes.

Brokers interested in acquiring FNACNA's unique BrokerLine™ simply need to fill out an application. Call or email today.

Home | Advantages | How it Works | Definitions and Terms | Guarantee | Broker Funding Schedule |