Paperstac
Paperstac is a cloud-based SaaS marketplace where individual investors, financial institutions, and SDIRA custodians buy and sell performing and non-performing mortgage notes nationwide, with integrated escrow, due diligence, and closing services.
- Company typePrivate
- Founded2015
- HeadquartersOrlando, United States
- Headcount1–10
- GTM typeB2B
- OfferingDigital Commerce or Content
What Paperstac does
Paperstac operates a cloud-based SaaS marketplace that enables private investors and financial institutions to buy and sell mortgage notes nationwide, including performing, non-performing, and re-performing notes secured by deeds of trust, mortgages, or contracts for deed. The platform, headquartered in Orlando, Florida and launched in 2018, provides structured note listings with payment history, property data, and documentation packages, and integrates with third-party escrow agents, title agents, and collateral auditors to manage the full transaction lifecycle from offer submission through closing. As of the latest available data, the platform hosts 189 active listings across all 50 U.S. states and serves approximately 24,058 registered users, with $30.5M in loan balance currently listed for sale.
The company monetizes through per-transaction fees deducted at closing via escrow agents, supplemented by a recurring monthly subscription product, Paperstac Academy, which provides educational content and structured learning resources for note investors. Its customer base spans three primary segments: individual private note investors (SMB), financial institutions such as banks, credit unions, and hedge funds (enterprise), and SDIRA custodians facilitating retirement-account note investing. Marketing channels include a blog, social media presence, a podcast, industry conference participation, and SEO-driven organic content.
Paperstac is a privately held Florida corporation founded in 2015 by CEO Rick Allen, CTO Mike McLin, and Marketing Director Brett Burky, with TJ Osterman as Senior Advisor. The company has raised approximately $1.95M across three funding rounds since 2019, with Fort Schuyler Ventures and Starter Studio as identified seed investors. The platform differentiates through first-mover position in a fragmented niche, a two-sided network effect from its registered user base, and proprietary market analytics (ITB ratios, ITV ratios, average note pricing) derived from its own transaction data.
Paperstac firmographics
Firmographics- Name
- Paperstac
- Legal name
- Paperstac Inc.
- Website
- https://paperstac.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Paperstac is a cloud-based SaaS marketplace where individual investors, financial institutions, and SDIRA custodians buy and sell performing and non-performing mortgage notes nationwide, with integrated escrow, due diligence, and closing services.
- Ownership category
- akta.pro rank
Paperstac industry classification
Industry- Product category
- Secondary Mortgage Note Marketplace
- NAICS
- Title Abstract and Settlement Offices (541191)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Mortgage Comparison, Marketplace & Rate-Shopping Platforms (FSALABAJ)
- akta.pro secondary industry
- Title, Settlement & Closing Services Technology (FSALALAK)
Keywords
Where Paperstac is headquartered
LocationHeadquarters
- HQ city
- Orlando
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Paperstac business model
Business model- GTM type
- B2B
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Marketing or Sales, Personnel, Operations
Revenue model
- Transaction Fees: Paperstac charges fees for each loan document purchased or sold through the platform. The fee is deducted from the purchase price at closing by the escrow agent.
- Paperstac Academy Subscription: Monthly subscription service providing educational resources for note investors at all levels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Paperstac Academy Monthly Subscription |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Paperstac product offering
Product offeringCore offering
Paperstac operates an online marketplace where investors can buy and sell mortgage notes nationwide. The platform facilitates the full transaction lifecycle including listing, offer submission, due diligence, escrow, title, and closing services through integrated third-party providers. It also offers Paperstac Academy, a subscription-based educational platform for note investors.
Product overview
Paperstac operates a unified online marketplace for mortgage note investing, consisting of the Paperstac Marketplace as the core platform for listing, buying, and selling mortgage notes (including performing, non-performing, and re-performing notes), supported by Paperstac Academy for investor education and the Paperstac Trade Desk as an internal seller. The platform facilitates end-to-end transactions including due diligence, escrow services, and closing through third-party providers.
Differentiator
Problem solved
Functional benefit
Products and services
- Paperstac Marketplace An online marketplace platform enabling investors to buy and sell mortgage notes nationwide. The platform provides listings with note data, payment history, property information, and documentation packages, along with built-in offer tools, communication, and integrated escrow and closing services.
- Paperstac Academy
Quantifiable outcome
- Platform facilitates transactions with 98.68% using collateral auditors and 89.56% using escrow services
- +2 more outcomes
Companies that use Paperstac
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Paperstac technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Paperstac partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Paperstac competitors and assessment
Company assessmentEmerging players
- NoteSchool: Educational platform teaching mortgage note investing strategies; adjacent to Paperstac Academy and routes graduates toward note transaction platforms.
- Groundfloor: Real estate debt crowdfunding platform allowing retail investors to fund short-term bridge loans; adjacent business model in real estate debt with similar self-directed investor audience.
Direct peers
- AmerinoteXchange: Online marketplace for buying and selling performing and non-performing mortgage notes, directly competing with Paperstac in the same secondary note trading category with similar buyer/seller audiences.
- NoteTrading.com: Long-running note listing and trading platform serving individual note investors and institutions, with comparable listings, documentation packages, and broker-assisted closing services.
- Mortgage Notes Co. Direct note buying and selling platform focused on whole mortgage notes for private investors, overlapping Paperstac's core marketplace functionality and customer base.
Broad incumbents
- Roofstock: Larger single-family rental investment marketplace that has expanded into adjacent real estate debt products, representing a well-capitalized incumbent that could move downstream into note trading.
- PeerStreet: Former real estate debt marketplace connecting individual investors with institutional originators; comparable note and mortgage-related investment platform, though currently operating in wind-down/restructured form.
- YieldStreet: Alternative investment platform offering private debt products including mortgage-related notes to accredited investors; broader alternative-asset incumbent with overlapping product and audience.
- Fundrise: Alternative investment platform exposing individual investors to real estate debt and equity; adjacent marketplace model and overlapping self-directed investor customer base.
Others
- National Note Buyers: Direct note purchasing entity and informational resource for note sellers; competes on the buy side of note transactions and connects sellers to note investors.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks3 records
Key highlights6 records
Customer concentration
Paperstac social profiles
Digital presencePaperstac financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paperstac leadership team
Management profileNumber of profiles
Profiles4 records
Paperstac funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paperstac M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paperstac
What does Paperstac do?
Paperstac operates an online marketplace where investors can buy and sell mortgage notes nationwide. The platform facilitates the full transaction lifecycle including listing, offer submission, due diligence, escrow, title, and closing services through integrated third-party providers. It also offers Paperstac Academy, a subscription-based educational platform for note investors.
Is Paperstac a public or private company?
Paperstac is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Paperstac founded?
Paperstac was founded in 2015. It employs 1 to 10 people.
Where is Paperstac based?
Paperstac is headquartered in Orlando, United States, in the North America region.
How does Paperstac make money?
Two revenue lines are on record. Transaction Fees are the primary driver. The others are paperstac Academy Subscription.
Who are Paperstac's main competitors?
Emerging players on record are NoteSchool and Groundfloor. Direct peers are AmerinoteXchange, NoteTrading.com and Mortgage Notes Co.. Broad incumbents are Roofstock, PeerStreet, YieldStreet and Fundrise. National Note Buyers is listed as an others.
Does Paperstac have an API?
No public API is recorded for Paperstac.
What industry is Paperstac in?
Paperstac's product category is Secondary Mortgage Note Marketplace. Its primary akta.pro industry code is FSALABAJ, Mortgage Comparison, Marketplace & Rate-Shopping Platforms, with a secondary code of FSALALAK, Title, Settlement & Closing Services Technology. Its NAICS code is 541191 and its SIC code is 6162.