Our Process

The process that we employ at Premiernote usually takes between 15 to 30 days from the first time a pool becomes available to us. The process is outlined in chronological order below.

  1. The seller fills out our online form for preliminary review or emails us a tape at deals@premiernote.com.
  2. A senior analyst is assigned to review the portfolio, preliminary due diligence starts.
  3. Response is provided within 3 to 4 business days whether or not we are interested.
  4. If we are interested, LOI is issued and the seller is required to transfer a complete set of files to our office.
  5. We initiate our rigorous due diligence 2 to 4 weeks.
  6. Following thorough revision of the files, we get back to the seller and identify any missing items and prepare a final bid
  7. An agreement is made regarding the price.
  8. We send the seller a standard contract to review and sign
  9. We co-ordinate with a servicing company.
  10. The pre-closing phase is completed and the seller sends us their wire transfer information.
  11. Transfer of all paper work (Closing).