PrivateLender.org: Canada's Private Lending Network®
(services available to all persons, from any country)
Welcome to PrivateLender.org: Canada's Private Lending Network®
Established in 2005, PrivateLender.org is a self-regulated organization which oversees Peer-to-Peer (P2P) & Private Lending industry participants who primarily trade in private, real-estate secured financial transactions and ask less questions than banks or other financial institutions.
What is a private lender? 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.
In a phrase, private lenders are: "People Investing in People"™
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.
Who are are:
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
PrivateLender.org is home to Canada's first and only certified regulatory compliant 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.
The Global Standard for Quality in Non-Bank, Peer-to-Peer (P2P) and Private Lender InteractionsTM
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.
Transcripts from a Loan Interview
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.
Un-managed Private Lending is Risky for Borrowers, Investor-Lenders & Brokers
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.
BORROWERS & LICENSED MORTGAGE BROKERS
If you plan to trade or participate in a private lender transaction (as a borrower or licensed mortgage broker), protect yourself, sleep well at night!
Private Lender Mortgage Transaction Audit Services
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 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.
- For a fee, MortgageBrokerCheck will review and audit your mortgage transaction file and provide you with a report with information regarding the requirements of the mortgage licensing jurisdiction which governs your mortgage transaction and how your private lender can provide objective evidence that they fulfilled or did not fulfill their regulatory legal obligations to you.
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.
If you plan to trade or participate in a private lender transaction (as an investor-lender), protect yourself, sleep well at night!
Direct Private Mortgage Investment-Lending Works!
- So...You want to be a Private Mortgage Lender?
- What is Private Lending - Why be a Private Lender?
- Why do People Borrow Money from Private Lending Sources?
- Private Lending & Peer-to-Peer Lending - what's in a name?
- Private Borrower Declaration - "Invest in We"
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
Private Mortgage Exchange PMEX (TM):
Canada's Voice for Private Mortgage Transactions
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