Paperstac is an online marketplace for buying and selling mortgage notes, utilizing a digital transaction timeline and automated workflows to streamline the closing process. The platform addresses the inefficiencies and complexities of traditional loan trading by providing a transparent, cost-effective solution that includes online notary services and a comprehensive audit trail.
Funding
$2.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The traditional process of buying and selling mortgage notes is often inefficient, complex, and lacks transparency, leading to increased costs and potential risks for both buyers and sellers. Managing the transaction offline can be time-consuming and prone to errors, hindering deal flow and profitability.
Solution
Paperstac offers a digital marketplace designed to streamline the buying and selling of mortgage notes through online closings. The platform provides a transparent and cost-effective solution by digitizing the transaction timeline and automating key workflows. Paperstac's system includes features such as a dynamic to-do list, secure escrow services, and comprehensive audit trails to ensure a smooth and secure closing process. By consolidating communication and documentation onto a single platform, Paperstac simplifies team collaboration and provides real-time visibility into the deal's progress.
Target Audience
Paperstac primarily serves mortgage note investors, brokers, and asset managers looking for a more efficient and transparent way to buy and sell mortgage notes.
Features
- Online marketplace for listing and discovering mortgage notes
- Advanced search filters and customizable alerts for identifying specific assets
- Digital transaction timeline that records all events and interactions
- Dynamic to-do list to guide users through each step of the closing process
- Secure escrow services to protect funds during the transaction
- Comprehensive digital audit trail for enhanced transparency and compliance
- Integrated communication tools for streamlined collaboration
- Online notary services for efficient document signing