Note Finder Law and Legal Definition

A note broker is an investor who buys notes, mortgages and other types of cash flows for a lump sum of cash. Because cash now is worth more than a series of small payments, the note broker is able to buy that cash flow for a discount from the face value of the note.

A note finder is a type of note broker who finds notes for sale and find buyers wanting notes. The brokers then match the buyers and sellers together. The buyers and sellers negotiate directly with each other. The broker is paid a commission or other fee for putting the buyer and seller together.