What is the note business?
Short answer: buying debt at a major discount. NoteConference makes a profit in this business by buying debt from banks, hedge funds, or investors at reasonably low prices.
The note business is the business of buying and selling either performing or non performing mortgage notes. There are many different ways to purchase these notes - from the top all the way to the bottom of the food chain - as well as countless methods for turning a non performing mortgage note into a performing one. Once the debt is performing it can sit easy in your portfolio or can be sold for a profit.