Setting the Global Standard for Peer-to-Peer P2P, Private & Crypto: lending, investing & finance transactions within an expert system that is registered for statutory, regulatory and process conformity to the International and National Standards of 119 Countries.
Established in 2005 as PrivateLender.org: Canada's Private Lending Network®, the renamed: PrivateLender.org: Global Private Lending Network® is the definitive primary source of information, systems, technology, products and services in matters related to Peer-to-Peer P2P, Private & Crypto: lending, investing & finance transactions. This website contains carefully curated, authoritative information collected after more than a decade of litigation-tested, regulator-audited, real-world-implemented experience; within a risk-based, organization conformity operating system [MQCC™ (R)evolution™ OS], registered to the International and National Standard for Quality Management of 119 countries. Visit the MQCC Global Country Network™ to find your country.
PrivateLender.org: Global Private Lending Network® - Origin of the Network:
PrivateLender.org: Canada's Private Lending Network® is a system built on the body of knowledge described in a proprietary dissertation entitled: "Binary Digit Debt: A Peer-to-Peer Electronic Debt System", an ongoingauthored by Anoop Bungay and implemented for private and public use in accordance with statutory, regulatory and process requirements, by Bungay International Inc. (BII), on May 9, 2005 for use by licensed real-estate-secured credit intermediaries and unlicensed credit intermediaries, investor-lenders and financial capital seekers (applicants-borrowers). Visit www.p2pla.org to read A Brief History of Modern Peer-to-Peer P2P and Private Lending in Canada & the World - Anoop Bungay to read publicly available source documentation and related footnotes; or see below.
Modern Peer-to-Peer P2P, Private & Crypto: Lending, Investing & Finance in Canada & the World - A Brief History
By Anoop Bungay, Founder, MortgageQuote Canada Corp. MQCC (www.mqcc.org)
Developer of the World's First Peer-to-Peer (P2P) & Private Lending Network, for regulated and non-regulated transactions, in a system registered to the National and International Quality Management Standards of 119 countries.
Extracts of a version of this content appears in wikipedia. This is the primary source matter.
Definition: What is Peer-to-Peer (P2P), Private & Cryptolending?
Definition: What is Peer-to-Peer (P2P) Lending?
Peer-to-Peer Lending consists of two viewpoints:
(a) Peer-to-Peer (P2P) Borrower
Individual or organization who seek capital in the form of financing from another individual or organization (controlled by an individual), evidenced by a debt instrument and secured (if applicable) by real estate or non-real estate collateral.
(b) Peer-to-Peer (P2P) Investor-Lender
Individual or organization(controlled by an individual), who invests capital in the form of financing to another individual or organization (controlled by an individual), evidenced by debt instrument and secured (if applicable) by real estate or non-real estate collateral.
Definition: What is Private Lending?
The Peer-to-Peer (P2P) & Private Lending Association International relies upon the Private Equity Mortgage Institute PEMI® definition:
"A private individual or a non-public corporate entity who seeks to invest funds in financial instruments on a secured or unsecured basis.1a"
1aSource: Private Equity Mortgage Institute PEMI®.
Principle of Synonymity
The term Private and Crypto mean the same thing; while both terms are used separately in the public domain, the meaning is the same. See your local dictionary or thesaurus. The terms mean: "secret".
Prior to 2017, "private" was the primary term used because Peer-to-Peer and it's acronym P2P was "too technical for retail use". In the case of the term Crypto, it's use in common finance discourse "only" became more "acceptable" in commerce in 2017 when the bitcoin boom started to become non-trivial. When reading the word "private", you may also interpret the word as "crypto".
Risk-based, Peer-to-Peer (P2P) & Private Lending Association International General Definition of Peer-to-Peer (P2P) & Private Lending:
Individuals or private corporations who trade in the highly specialized non-institutional, non-syndicated, non-regulated or regulatory exempt private finance market. Namely, those who invest money privately by way of lending or "debt basis", to other individuals or corporations and may be marketed to the public by the investor-lender directly (privately), via regulatory-compliant 3rd party technology platform providers, or via a network of industry professionals.
What is a peer-to-peer P2P, private or cryptolender? Any lender that is NOT: a bank, treasury branch, credit union, loan corporation, trust corporation, insurance company nor any person engaged in the business of making loans. A private lender is a private individual who chooses to invests his or her accumulated wealth by loaning it to other persons on an occasional basis, either personally or through a privately held corporation and is not subject to 3rd party disclosure requirements.
In a phrase, peer-to-peer P2P, private or cryptolenders are: "People Investing in People"™
Branded by the MQCC as:
The MQCC Non-Bank & Private (Non-Institutional, Non-Syndicated, Non-Regulated) Equity Mortgage™ Service.
In accordance with multiple jurisdictions and regulatory requirements, let PrivateLenderCheck.org help with your peer-to-peer (P2P) and private investor-lender authentication and compliance requirements.
Fraudsters can sometimes solicit mortgage applications from trusting, unsuspecting mortgage applicants and well-meaning but unqualified mortgage brokers. To help prevent this sort of abuse, your mortgage broker should be participating in PRIVATELENDER.org, which gives real estate owners more control over what their broker does with private financial and personal information, when dealing with legitimate peer-to-peer (P2P) and private lenders.
PrivateLender.org is home to Canada's first and only system certified for statutory, regulatory and process conformity. The MQCC private equity mortgage investor-lender network, consisting of accredited, non-accredited and Accredited Class® private investors; namely, private individuals and private corporations (non-institutional and non-regulated), who are able to invest private equity funds into real estate on an "unrestricted basis", primarily in the form of mortgage security. Many are customers of chartered banks from the wealth management or private banking team.
The Global Standard for Quality in Non-Bank, Peer-to-Peer (P2P) and Private Lender Interactions™
Note to Reader: Why is PrivateLender.org, a Canadian financial services network, able to lay claim to setting a global standard? Well, for one thing, according to the World Economic Forum, Canada is historicall Ranked #1 for Trustworthiness and confidence: Soundness of Banks, continuously since 2008, so we Canadians know a thing or two about getting this right in the finance sector.
Applicant: Oh...you’re a private lender...?
Applicant: Well….before I answer your multiple questions about my financial details, my SIN/SSN number, my income, employment and family information, let me ask you one question:
“Can You Prove It?”
(prove you really are a private lender)
(prove you really have the means to help me)
(prove you are not trying to take advantage of me)
(prove you will keep my information safe and secure from theft, even if I do not accept your terms)
(prove you will work with me if things go bad)
(prove you are not taking my information and re-selling or forwarding it (without my express permission), to other people)
Loan Salesperson: Leaves room without looking back.
Yes, Private Lending can be VERY RISKY! PrivateLender.org helps make it safe for you!
Avoid the incompetence, misrepresentation and the fraud - work with P2PLTM Compliant member of privatelender.org
Borrowers: (if you are a borrower) - privatelender.org ensures that the broker (finance-, loan-, mortgage-) or lender who is looking at your credit score, personal information, income information and other family information, is credible. Why does it matter....? Click Here
Brokers: (if you are a broker) - privatelender.org ensures that a person who holds themselves out to be a "private lender" is qualified to do so pursuant to regulatory requirements. Why does it matter....? Click Here
Investors & Lenders: (if you are an investor or lender) - privatelender.org ensures that a broker who originates transactions for you, is adhering to the obligations of their jurisdiction. Why does it matter....? Click Here
Accreditation or Compliance does not mean that the private lender's products or services have been endorsed by PrivateLender.org nor does it mean that PrivateLender.org endorses the products. Investors who seek to lend money privately are not obligated to seek accreditation, nor may they choose to seek accreditation.
Only Accredited Class® Private Equity Mortgage (PEMTM) Investor-Lender (APLTM) are proven to provide fully compliant, non-bank debt solutions with a focus on quality resulting in the highest levels of borrower satisfaction. Look for the APL designation whenever you are seeking non-institutional credit. Demand it.
Compliments of MortgageQuote Canada Corp. MQCC
Did your "private lender" convince you to get a mortgage or a so-called "private mortgage" and your client is not happy with it?
Were you aware or made aware of what you were getting yourself or your client into?
Are you concerned that your private lender was not licensed or, was not working in accordance to the regulatory requirements of their license, which caused your client to lose money?
Do a Private Lender Transaction Check!
PrivateLenderCheck is the authentication division of PEMI® the Private Equity Mortgage Institute.
If you are applying for money from somebody who represents themselves as a private lender, contact us before you sign any papers: info[at]privatelender.org
Find: True Private Lenders, True Private Lending®
PrivateLenderCheck is an initiative of MortgageQuote Canada Corp. If you have an existing mortgage and feel that you might be subject to loss caused by a private lender who did not act in their role with the requirements of their regulatory jurisdiction, then contact us.
This is great for Mortgage Brokers because even if they originated the transaction, they can show professionalism and ethics by helping their customer have the private lender transaction file audited on a 'without prejudice basis', in order to prevent or mitigate a claim of negiligence pursuant to errors and omissions guidelines.
Are you an active investor and would like to learn about private lending and the Accredited Class® Private Equity Mortgage (PEM(TM) Investor-Lender Designation? Click Here
The below statement was first published by MQCC™ on Apr 17, 2013, 11:47 AM on it's privatelender.org website.
We are the history of lending and we are the future of lending
We are people
We are families
We have dreams
We know what's right for us
We are looking to make our lives better
We need your help
We can rebuild
We can overcome
We can make it!
"Invest in We"™
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The MQCC™'s Business Enterprise Quality Management System is Registered to the Canadian Equivalent of ISO 9001:2015 published by:
Canada's National Standard for Quality Management ISO 9001:2015
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After reading all of the foregoing, ask yourself: Who would YOU trust your money with?
MQCC™: A new system, a new standard, a new benchmark in Canadian and global finance.
Yes, there is a "better way" to trust & confidence in Finance; the MQCC™ approach is your "better way".
© 2006-2017 MortgageQuote Canada Corp. MQCC™ "Proud Sponsor of the Canadian Dream"®. All rights reserved. Patent Pending. An ISO 9001:2015 Registered Company.