SIC Code 6162-06 - Notes & Contracts Buyers
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SIC Code 6162-06 Description (6-Digit)
Notes & Contracts Buyers is a subdivision of the Mortgage Bankers and Loan Correspondents industry that involves the purchase of promissory notes, mortgages, and other types of contracts from individuals or businesses. These buyers may purchase these notes at a discount and then collect the full amount owed, or they may purchase the notes with the intention of selling them to other investors. Notes & Contracts Buyers may specialize in a particular type of contract, such as real estate mortgages or business loans, or they may purchase a variety of different types of contracts.
Hierarchy Navigation for SIC 6-Digit Code 6162-06
Parent Code (less specific)
Tools
- Contract management software
- Financial analysis software
- Loan origination software
- Document management software
- Customer relationship management (CRM) software
- Electronic signature software
- Payment processing software
- Data analytics tools
- Legal document templates
- Online auction platforms
Industry Examples of Notes & Contracts Buyers
- Real estate mortgages
- Business loans
- Structured settlements
- Lottery winnings
- Annuities
- Accounts receivable
- Medical receivables
- Auto loans
- Personal loans
- Credit card debt
SIC Code 6162-06 - Notes & Contracts Buyers
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