An honest, side-by-side look at two of America's leading mortgage note buyers
Both NBOA and Amerinote Xchange are reputable nationwide note buyers with A+ BBB ratings. Here's how they compare on what matters most to note sellers.
| Factor | NBOA | Amerinote Xchange |
|---|---|---|
| Founded | 1997 (29+ years) | 2010 (15+ years) |
| Transaction Volume | $50M+ | $800M+ |
| Quote Speed | Within 24 hours | Within 1 business day |
| Average Close | 21 days (5-day fastest) | 15–35 days (15-day fastest) |
| Close Rate | 100%* | 96% |
| Price Guarantee | $500 Better Offer Guarantee | Not stated |
| Re-Trade Policy | No re-trades | Not stated |
| Technology | AI-powered platform | Online forms |
| Seller Fees | $0 | $0 |
| BBB Rating | A+ Accredited | A+ Accredited |
| Google Reviews | 5.0 (10 reviews) | 4.8 (73+ reviews) |
| Note Minimum | $10K | Not stated |
| Business Model | Hybrid (direct + 90 investors) | Direct (6 funding platforms) |
*On deals without title or legal defects. Data gathered from publicly available sources as of early 2025.
Both companies deliver fast initial quotes. NBOA commits to a written quote within 24 hours of receiving your note details. Amerinote Xchange similarly provides quotes within one business day.
Where the two differ is in technology. NBOA uses an AI-powered pricing engine that cross-references comparable sales, property data, and borrower credit to generate offers — reducing the back-and-forth that can slow down traditional pricing workflows. Amerinote uses standard online forms and manual review.
This is where meaningful differences emerge. NBOA averages 21 days from accepted offer to funded close, with a fastest recorded close of just 5 days. Their 100% close rate (on deals without title or legal defects) means that once you accept an offer, you can count on it closing.
Amerinote Xchange quotes a 15-to-35-day closing window with a fastest close of 15 days. Their 96% close rate is strong by industry standards — most note buyers hover between 85–95%.
Why close rate matters: A deal that falls through costs you time and legal fees, and can leave you starting over with another buyer. Even a few percentage points difference in close rate represents real risk when your deal is on the line.
Neither company charges seller fees — both cover all closing costs. The key differentiator is NBOA's $500 Better Offer Guarantee: if you receive a higher verified offer from another buyer, NBOA will beat it or pay you $500. This gives sellers a risk-free way to ensure they're getting the best price.
NBOA also maintains a strict no re-trade policy. In the note industry, "re-trading" is when a buyer lowers their offer after you've already accepted — sometimes weeks into the process. NBOA's commitment to honoring their quoted price removes this common industry frustration.
Amerinote Xchange does not publicly advertise an equivalent guarantee or re-trade policy, though they do emphasize competitive pricing across their six funding platforms.
NBOA operates a purpose-built AI platform (NotePilot) that automates document analysis, property valuation, and deal structuring. This means faster, more consistent pricing and fewer manual bottlenecks in the underwriting process. Sellers get a dedicated portal to track their deal from quote to close.
Amerinote Xchange uses a more traditional workflow with online forms and phone-based communication. Their long track record and $800M+ in volume prove this model works — but for sellers who prefer a digital-first, transparent process, the technology difference may matter.
NBOA operates a hybrid model: they buy notes directly and also maintain a vetted network of 90+ institutional investors. This dual approach means NBOA can shop your note to multiple capital sources, potentially finding a buyer willing to pay more for your specific note profile.
Amerinote Xchange uses a direct purchase model backed by six funding platforms. Their significant volume ($800M+) gives them strong capital access, though the fewer funding sources may mean less competitive tension on pricing for unusual note types.
Both NBOA and Amerinote Xchange are legitimate, well-established note buyers. You can't go wrong with either company. Here's a simple framework for choosing:
Our recommendation: get quotes from both. NBOA's $500 Better Offer Guarantee means there's zero downside to starting with us — if Amerinote or anyone else offers more, we'll beat it or pay you $500.
Both are reputable nationwide note buyers with A+ BBB ratings. NBOA offers a $500 Better Offer Guarantee, AI-powered pricing technology, and a 100% close rate on deals without title or legal defects. Amerinote Xchange has processed over $800M in volume with a 96% close rate and 73+ Google reviews.
NBOA averages 21 days to close with a fastest recorded close of 5 days. Amerinote Xchange quotes 15 to 35 days with a fastest close of 15 days. Both companies provide quotes within one business day.
Neither company charges fees to the seller. Both NBOA and Amerinote Xchange cover all closing costs and there are no hidden charges to note sellers.
NBOA offers a $500 Better Offer Guarantee — if you receive a higher verified offer from another buyer, NBOA will beat it or pay you $500. Amerinote Xchange does not advertise an equivalent price guarantee program.
Get a no-obligation quote backed by our $500 Better Offer Guarantee. If anyone offers more, we beat it or pay you $500.