Advocacy, education, professional standards and certification body specific to the mortgage industry group within the private equity industry.
The Private Equity Mortgage Institute PEMI® (www.peminstitute.org) is the operative division of the International Private Equity Mortgage Institute (IPEMI.org, www.ipemi.org), a global association of real estate finance professionals including: investors, lenders, mortgage bankers, licensed brokers and licensed agents; who trade in the highly specialized field of Peer-to-Peer (P2P) and Private (Non-Institutional, Non-Syndicated, Non-Regulated) Equity MortgageTM lending transactions (also known as Certified Private Equity MortgageTM transactions) within the Tier 2 capital market.
Generically, such investor-lenders are referred by the term of art: "private lenders"; and generically, such transactions are referred by the term of art: "private mortgages". Terms of Art are not defined consistently - depending on the subject matter - so have broadly accepted meanings and applications-of-use. Due to inconsistent definitions and applications-of-use of the terms of art: "private lender" or "private mortgage", there is a high degree of confusion within the global marketplace when it comes to distinguishing a credible, non-institutional, non-syndicated, non-regulated, real estate debt industry participant or transaction, from one that is not.
Why all the Fuss?
Money; lot's of it. The business is lucrative AND there is an absence of direct government or regulatory oversight. It is not unheard of for private equity mortgage (PEM)TM investors to earn annual rates of return of 8%, 12%, 22%, 30% and more, in a safe, fully secure manner, with minimal government or regulatory oversight. The benefits of PEMTM are far reaching, from having less risk than the stock market to having greater security than the bond market.
The Need for a Professional Approach
Such confusion has lead many inexperienced mortgage consumers (borrowers) and unsophisticated mortgage investor-lenders to incur significant losses caused by errors, omissions, inexperience or negligence by individuals who claim to be professionals in the domain of non-institutional, non-syndicated, non-regulated, real estate debt transactions when they are not. Or, a real estate debt transaction is represented to be of a non-institutional, non-syndicated, non-regulated nature, when it is not.
Through the establishment of standards, criteria and trademarked terms including: Private Equity Mortgage (PEM)TM, the Private Equity Mortgage Institute provides consumers, investors, government and related parties with distinguishing marks and source identifiers for non-institutional, non-syndicated, non-regulated, real estate debt transaction and related industry professionals.
Members and Fellows of the Private Equity Mortgage Institute hold the prestigious CPEMPTM designation.
PEMI®'s mission is to advance professionalism, ethics, quality, global standards (ISO 9000, GAMUS), methodologies, advocacy, compliance through Certified Quality Management Systems, business & operational practices through the professional development of real estate finance commerce, worldwide.
What does the Private Equity Mortgage Institute do?
Consumers (borrowers), investors, lenders, mortgage bankers, licensed brokers and licensed agents who participate in Private Equity Mortgage (PEM)TM transactions in our countries-of-interest (see below), will benefit from the Private Equity Mortgage Institute as follows:
Professional Designation (Qualification & Recognition)
Private Equity Mortgage (PEM)TM Education
Private Equity Mortgage (PEM)TM Standards
Compliance through Quality Management Systems (ISO 9001:2015, Sarbanes-Oxley)
Research, White Papers & Policy Reports
Where Are We?
Envisioned in 2003 and initially operating within the Canadian market, the International Private Equity Mortgage Institute has expanded its scope of interest include Australia, United Kingdom and USA. All IPEMI.org Members and Fellows operate in accordance with respective national, regional and local laws.
The regional division of IPEMI.org provides manages industry professional-, and policy-level education services leading to the qualification, certification of Certified Private Equity Mortgage Professionals (CPEMP)TM within the core fields of mortgages, technology and quality management. The International Private Equity Mortgage Institute consists of member organizations from the following countries: