Reference · Documentation
How NoteGage analyzes a mortgage note
NoteGage is a pre-purchase mortgage note analysis and verification tool. It organizes listing claims, available sourced evidence, documents and deterministic deal math into one report so a buyer can see what is supported, what conflicts and what still needs verification before bidding.
Start with the source
NoteGage begins with the information available for a deal, such as a listing URL, listing details and attached documents. The report preserves where a material fact came from instead of presenting every input as equally verified.
Claims, evidence and unknowns
A seller-stated fact is not automatically a verified fact. NoteGage distinguishes claims from supporting evidence, conflicting evidence and unresolved information. If the available evidence does not support a conclusion, the report keeps the issue open rather than filling the gap with an assumption.
Deal math
NoteGage uses deterministic calculations for supported deal inputs. The purpose is to make the inputs and math inspectable. Not every metric is available for every deal; unsupported structures or missing inputs can require abstention or further verification.
The report
A report can include Deal Position, Five Questions, reconciliation, deal math, evidence, open questions, next actions and analyst reasoning. See the sample report walkthrough for the current production surfaces.
What NoteGage does not replace
NoteGage is a diligence and analysis aid. It does not replace title work, legal advice, servicing records, a current appraisal or other professional review when those are required to establish a fact.
Next reading
How it works
The product flow from source material to a reviewable report.
Methodology
How claims, evidence, calculations and unresolved facts are kept separate.
Help
Direct answers to common product and mortgage-note analysis questions.
Glossary
Plain-English definitions for the terms used throughout the report.
Mortgage note due diligence
A practical pre-purchase diligence sequence.
Property value verification
How seller-stated collateral values are checked and qualified.
Collateral-file documents
What common documents can and cannot establish.
Lien position verification
How to treat seller labels, public records and unresolved title questions.
See the report these rules produce.
Review the current sample report, then test NoteGage on a real residential note you are already evaluating.