About PEMI®

Who & Why Is The Private Equity Mortgage Institute PEMI®?

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 global voice of Chartered Private Equity Mortgage Professionals C-PEM®-P and the Consumer, Corporate & Professional Education Division of MQCC™ the Money Quality Conformity Control Organization, incorporated as MortgageQuote Canada Corp.; headquartered in Calgary, Alberta, Canada and trading in up to 119 countries. MQCC™ is an organization classified by the United Nations (UN), Department of Economic and Social Affairs (DESA), Statistics Division (UNSD) International Standard Industrial Classification of All Economic Activities (Revision 4) involved in the following industry classification sections or classes:

The North American Industry Classification System (NAICS) equivalent classification to the UNSD Classes is:

Similar industry equivalencies exist in all countries who participate in the United Nations.

Subject to the jurisdiction, from a governance (statutory or regulatory) perspective, MortgageQuote Canada Corp. MQCC™ business activity, namely, real-estate-secured (mortgage) intermediary activity, are deemed to be:

In its country of origin, Canada, MortgageQuote Canada Corp. MQCC™'s real-estate-secured (mortgage) intermediary activity is regulated by three provincial or territorial jurisdictions:

MortgageQuote Canada Corp. MQCC™ may trade in other Canadian provincial or territorial jurisdictions, subject to statutory or regulatory requirements or exemptions.

In Canada, education in private equity mortgage (PEM®) brand subject matter, competency and proficiency credentialing is an unregulated activity. Providing advice respective specific financial transactions, might be subject to regulatory oversight.   

International Private Equity Mortgage Institute IPEMI™

PEMI® operates within the global industry framework of the International Private Equity Mortgage Institute (IPEMI.org, www.ipemi.org), a global association also founded by MortgageQuote Canada Corp. MQCC™, comprised 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, Regulatory Exempt or Free Trading) Equity Mortgage (PEM®) lending transactions (also known as Certified Private Equity Mortgage (PEM®) transactions) within the Tier 2 capital market

What is the private equity mortgage industry group?

Historically and generically, such investor-lenders are referred to by the term of art: "private lenders"; and generically, such transactions are referred to 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.

What Good is Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading finance; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance for Borrowers?

Benefit of "Private Lending" for Consumers (Applicants or Borrowers)

Lending options when banks or other regulated institutions "say no", or "are too slow", or are simply not competitive, people are able to borrow mortgage money from private individual or private company investors who have surplus cash savings "on hand" and want to invest this money; so long as the investment is secured by some form of real estate.

When compared to traditional mortgage solutions, private equity (peer-to-peer) mortgage transactions are appreciated because they normally offer a degree of customization and flexibility than what traditional underwriting standards permit. Further, there is a  singular human being (private individual lender), instead of a nameless, faceless corporation or agent for a pool of investors, who can make decisions on an individual basis in matters of underwriting, negotiation, default, enforcement, repayment or administration. This benefit is often associated with a premium paid in the overall cost of borrowing. 

These are not government regulated mortgage lenders, so there are no restrictions on how the investor-lenders choose to lend their money. If an investor-lender likes your story and it makes sense to them, you will be approved.  

Borrowers can communicate with individual lenders directly on a peer-to-peer basis, or through a quality managed network of licensed mortgage brokers. Learn more.

What Good is Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading finance; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow for Investor-Lenders? 

Benefit of "Private Lending" for Investor-Lenders

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® investor-lenders 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 PEM® brand goods and services are far reaching, from having less risk than the stock market to having greater security than the bond market.

Learn more

Secondary benefit is safety. How? Through simplicity.

PEMI® Safety Through Simplicity™ Principle

When compared to other investment opportunities, investment in private equity mortgage transactions (PEM)® are comparatively simple because it is comparatively low risk. It is for this reason PEM® designated transactions are not subject to the rigorous disclosure requirements and regulatory scrutiny of investments found in other investor markets, namely, the public capital markets. In Canada and other countries, investing in non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial instruments, secured by real estate does not require disclosure of disclosure documents, namely, prospectus or offering memorandum.

  Learn more

Benefit of "Private Lending" for Government Licensed or Regulated Mortgage Credit Intermediaries

Benefit of MQCC™ original trademark "Principles of 'BlockChain'™"-based "Private Lending" for Government & Regulators 

Benefit of MQCC™ original trademark "Principles of 'BlockChain'™"-based "Private Lending" for Business Risk Management & Corporate Liability Insurers

The Need for PEMI® and a Formalized Professional Standard; A Litigation Tested, Internationally Standardized, Scientific-Method-Based, Regulatory Recognized Professional Framework

After over a decade of commercialization of a the world's first "cryptofinancial" network by Mr. A. K. (Anoop) Bungay and after identifying nonconformity events resulting in confusion, distress, financial loss, regulatory complaints or litigation by inexperienced or unsophisticated mortgage applicants and borrowers and inexperienced or unsophisticated mortgage investor-lenders, it was apparent that a formal, professional approach was required.

Many of the identified nonconformity events were caused through errors, omissions, inexperience (incompetent) or negligence by individuals licensed as intermediaries (government licensed Brokers) who claimed to be experts in the domain of non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt and free trading finance; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance for real estate debt transactions, when they were not.

Indeed, some material risk to consumers was caused by real estate debt transactions which misdescribed or deceptively mis-described as non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt and free trading finance; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance nature, when they were not.

Further, as global regulatory bodies become more interested in Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow due to a lack of global experts in the domain, legislators, regulators and policy makers are misdescriptivel applying Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow labels to business processes that are not.

Misdescriptive or deceptively misdescriptive application of terminology in legislative, regulatory or commercial scope does harm to the general public.

Through the establishment of standards, criteria, technology, business methods, guidelines, techniques, patent pending, non-patented proprietary and trademark terminology including: Private Equity Mortgage (PEM®), the Private Equity Mortgage Institute PEMI® provides 

with distinguishing marks and source identifiers for non-institutional, non-syndicated, non-regulated, real estate debt transactions and related industry professionals.

Members and Fellows of the Private Equity Mortgage Institute hold the prestigious C-PEM®-P designation.

How is the PEMI® Standard a Litigation Tested, Internationally Standardized, Scientific-Method-Based, Regulatory Recognized, Professional Liability Insurer Trusted, Professional Framework?

Private Equity Mortgage Institute PEMI®: An Industry Body Borne Out of Science and Technology

Formation of PEMI® was borne out of a non-novel, new field of study named conformity science and the discovery, development, commercialization of the MQCC® trademark "Principles of 'Blockchain'™" (Bungay Unification of Quantum Processes Algorithm) for the world’s first Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading Securities and Related Financial Instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Electronic Finance System on April 9, 2005; and subsequent registration thereof, of a subordinate Quality Management System, to ISO 9001:2000, on May 9, 2008.

Conformity Science, Trademark “Principles of ‘Blockchain’™” (Bungay Unification of Quantum Processes Algorithm) and the dawn of "lossless" Commerce

Borne out of nearly two decades (commencing at least as early as August 2001) of scientific-method-based research, discovery, development, commercialization, litigation testing and regulatory scrutiny of the MQCC® trademark "Principles of 'Blockchain'™" (Bungay Unification of Quantum Processes Algorithm) for the world’s first Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading Securities and Related Financial Instruments; also known as a Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Electronic Finance System on April 9, 2005; and subsequent registration thereof, of a subordinate Quality Management System, to ISO 9001:2000, on May 9, 2008; one benefit to participants in PEM® designated financial transactions is the concept of "lossless". 

"Lossless" is a core principle of the underlying conformity science and a peculiar quality characteristic of commerce in non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt and free trading finance transactions; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance transactions; when transacted in the MQCC® trademark "Principles of 'Blockchain'™" based-system.  

The MQCC Lossless Principle directly affects the three (3) PEMI® Primary Risk Classes (see Risk section of PEMI® website)

A detailed rationale for application of the term "lossless" in a non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt and free trading finance; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance setting for an investing and lending application, was explained in a letter from Mr. A. K. (Anoop) Bungay, Founder of MQCC™ and the Private Equity Mortgage Institute PEMI® to some professionals employed or functioning as lawyers licensed by members of the International Conference of Legal Regulators (ICLR) or advisors to securities commissions that are members of International Organization of Securities Commissions (IOSCO).  

Read the MQCC™ Lossless Principle document here.

PEMI® Mission 

PEMI®'s mission is to advance professionalism, ethics, quality, global standards (ISO 9000, GAMUS.org), methodologies, advocacy, compliance through Certified BlockChain Quality Management Systems (CBQMS™), business & operational practices through the professional development of real estate finance commerce, worldwide; within a work-integrated-learning (WIL) environment; known by the distinctive MQCC® trademark source identification phrase: “Learning, Education, Training, Testing, Accreditation and Registration” Program or the MQCC® PEMI® LETTAR™ Education Program. 

The MQCC® PEMI® LETTAR™ Education Program provides a de jure national (federal) and international equivalent in upto 118+ countries, program of education that meets or exceeds quality standards expected of:

Read the MQCC® Normative Reference Textbook to learn more about work-integrated-learning (WIL) programs; CAQC Campus Alberta Quality Council. 

PEMI® Project Charter  

The Private Equity Mortgage Institute (PEMI®) was envisioned in 2003 by Mr. A. K. (Anoop) Bungay of Calgary, Alberta, Canada. The goal was to create an organization whose principles were modeled by "highest and best use" standards, to assure beyond-reproach standards of high quality service outcome for all stakeholders who benefit from PEMI® matters.

Given PEMI® originating location in Canada, PEMI® chose to model its mandate in accordance with best practice promoted by Canada's highest level administration body, namely, the Treasury Board of Canada. The Treasury Board is a Cabinet committee of the Queen’s Privy Council of Canada.

It was established in 1867 and given statutory powers in 1869. The Treasury Board is responsible for accountability and ethics, financial, personnel and administrative management, comptrollership, approving regulations and most Orders-in-Council (Source).

The Treasury Board Information, Technology and Project Management department issues Policies, directives and standards, Publications and guidance on matters of Project Management and how organizations (like PEMI®) may improve "the likelihood of success of time-limited initiatives by applying certain practices. These practices include establishing clear accountabilities, defining objectives and outcomes, establishing the scope, planning, monitoring, and reporting controls for project activities. Publications and guidance" (Source).

After determining that a Business Case for creating PEMI® was valid, Anoop Bungay (as PEMI® Originating Sponsor and PEMI® Project Manager) sought to support the case by development of a Project Charter, a "document issued by the project initiator or sponsor that formally authorizes the existence of a project, and provides the project manager with the authority to apply organizational resources to project activities" and describe "objectives, the scope, the deliverables, and the resources required" for the project (Source).

Any PEMI® candidate that meets the PEMI® project charter, is deemed a PEMI® Chartered Professional.

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®) transactions in our countries-of-interest (see below), will benefit from the Private Equity Mortgage Institute as follows:

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 Chartered Private Equity Mortgage Professionals C-PEM®-P within the core fields of mortgages, technology and quality management. The International Private Equity Mortgage Institute consists of member organizations from the following countries:

Australia

Canada

United Kingdom

USA