MQCC® is "Who Dat"?

1, Incorporated in September 16, 2006; trading in mortgages as an investor or lender with world-wide reach (network.mqcc.org) licensed with:

• Alberta, Canada: Real Estate Council of Alberta (RECA)

• British Columbia: BC Financial Services Authority (BCFSA)

• Ontario: Financial Services Regulatory Authority of Ontario (FSRA)

2, MQCC® is renowned for its expertise as a specialist in critical and complex or time-sensitive financing matters where $$ is often arranged from non-bank, non-regulated or private sources; also known as a LEVEL 2 MORTGAGE (www.level2mortgage.com).

3. MQCC® accepts this role solemnly because after 17 plus years of experience, it is recognized that after the desk of MQCC®, if MQCC® cannot help the applicant, then it is possible or likely that the "next step" for the applicant is to face either:

• a lawyer or

• a judge  or 

• realtor

>> The lawyer to defend the applicant in a legal matter; typically mortgage enforcement by an existing lender (foreclosure); or,

>> The judge because the applicant is already in the legal process of enforcement and MQCC® was brought in as a "last minute" solution; or

>> The realtor because the applicant has decided to sell the real estate voluntarily since MQCC® cannot help and no other option exists for the applicant

3. MQCC® services are designed to be good, not cheap.

4. Before MQCC® enters into an arrangement, there is some initial homework that needs to be done in order to get a level of understanding into a matter.

5. In some cases, MQCC® sees some issues and the best thing to do is to contact the Applicant directly (at a peer-to-peer basis) to reduce miscommunication; with government licensed mortgage consent, naturally.

MQCC® PRIVATELENDER.ORG® RESULTS LIST:

A Small Sample of Success Examples: MQCC® PRIVATLENDER.org over 20 Years of Online Business since before April 9, 2005 The Power of Private Lending®

Since before incorporation, MQCC® PrivateLender.org has helped countless mortgage borrowers and mortgage brokers and mortgage agents with critical and complex files including the following situations:

1. 2nd mortgages

2. 3rd mortgages

3. 4th mortgages

4. 5th mortgages

5. And higher mortgages; as high as 15th mortgages --- equity matters -- 

6. Sometimes a first mortgage (if you need the money today or tomorrow; or on a rush basis)

7. Cross-collateral security across multiple mortgage lines

8. Very fast funding, on the same day as an application is received or the next day

9. Foreclosure intervention by submitting affidavits to the court or proof of financing

10. Financing properties that were lost to a municipality because property taxes were not paid and re-vesting the property into the taxpayer's name

11. Divorce financing

12. Financing for persons on long term disability 

13. Financing against structured settlements

14. 100% or higher loan to value using non-real estate security including:

    1. Accounts receivables (A/R) or factoring

    2. Automobiles or other vehicles

    3. Any other asset class 

15. Airport hangers

16. Gas Stations; Farms; non-normal properties

17. Jumbo properties; $2M+

18. Island properties where the only access is via airplane or float plane or boat

19. Offshore properties

20. Environmental impaired lands where a phase 1 or phase 2 is required or where remediation is required

21. Rent-to-Own / Lease-to-Own; redemption mortgages (when a rent to own agreement is matured and the tenant or optionor wants to execute the contract and transfer title into their own name)

22. Common law mortgage (where title is transferred into the name of MQCC® or assigns)

23. Augmenting (topping up or adding to) construction financing when the construction lender stopped advancing funds due to cost overrun or other reason

24. Dispute resolution or dispute settlement financing

25. Judgment satisfaction financing

26. Non-jurisdictional financing in other countries

27. Financing for houses that are damaged or burned down

28. Land only 

29. Leased land including Crown lands or Indigenous lands

30. Purchase of other lender (bank or private) foreclosure files

31. No payment mortgage

32. No income verification mortgage

33. Deceased spouse, with name not discharged from title, mortgages

34. Estate (probate or non-probate) mortgages

35. Tax resolution (corporate income tax or personal income tax or both) financing

36. Financing on “dirty titles”; titles with multiple writs on title or caveats or other problems; cleaning (remediating) ‘dirty titles’ MQCC® TITLE LAUNDRY™ services

37. Financing on properties where client does not possession due to court order pursuant to a matrimonial issue when the spouse is dead

38. Mortgage on yachts

39. Mortgage on livestock

40. Financing on properties when a spouse is dead but the title has the dead spouses’ name on title because the death certificate is not yet processed by the land titles office

41. Unregistered mortgages

42. MQCC® Shared Ownership Financing Arrangement™ (SOFA™); hybrid debt and equity financing for real estate matters

43. Real estate secured financing by way of caveat and not mortgage instrument

44. Muslim (Sharia conforming) financing

45. Stratified financing using a combination of first, second and 3rd priority

46. Bridge financing using an assignment of sale as the take-out

47. Financing for non-resident or foreign buyers (subject to laws of Canada)

48. Inter-jurisdiction blanket (inter alia) mortgages

49. Floodplain mortgage; for property in flood plains

50. Financing to corporations of all kinds

51. “Smith Maneuver”

52. MBO (Management Buy-Out)

53. SBO (Shareholder Buy-Out)

54. PBP (Partner Buy-Out)

55. EBO (Employee Buy-Out)

56. DIPBO (Debtor-in-Possession Buy-Out)

57. Impaired Mortgage Purchase (purchasing an existing lender mortgage)

58. Waiving of title insurance

59. Waiving of property insurance

60. Waiving of RPR (real property report or property survey)

61. MQCC® NOFO™: No Foreclosure Guarantee™

62. MQCC® EASYOUT™: Non-Judicial Mortgage Enforcement Program™

Not a complete list of examples of MQCC® “THE POWER OF PRIVATE LENDING®” Registered Trademark Brand of Services.

If you have exhausted, fairly and reasonable, the above lenders or if time is of the essence, please continue to MQCC® by studying the MQCC® General Historical Rates, before proceeding to contact MQCC®.

Lender, Broker, Lawyer, Land Titles, Other Fees? Subject to Value of Benefit based upon the legal principle of "value for service" of MQCC® Money ($) to the Applicant in order to Further the Applicant's Personal or Non-Personal Objectives for Money.

Applicants consider MQCC® a Financing Partner and not a lender nor an investor; as such, at MQCC®  Gross Fees of between 8% - 12% more or less, are not historically unreasonable given the value for service.

General Rule of Thumb:

• Personal Use of Funds (Canada Revenue Agency (CRA) Non-tax deductible 'cost of borrowing')

  • • • • • Applicants who intend on using MQCC® Money ($) for personal use or farming use have an upper boundary limit at MQCC® of between 29% and 30% because MQCC® chooses NOT to be in the HIGH-COST CREDIT REGULATED business; which typically starts at 32%. Some mortgage companies are this expensive, including these ones:  

            • • • Alberta High-Cost Credit Mortgage Lenders; 

                • BC High-Cost Credit Licensees

                • Ontario - no such control 

                • Newfoundland and Labrador High-Cost Credit rules start in June 2024

                • Other Canada Provinces (please research on your own)

• Non-Personal Use of Funds (Canada Revenue Agency (CRA) Tax deductible 'cost of borrowing')

  • • • • • Applicants who intend on using MQCC® Money ($) for non-personal use or business, investment or commercial use have an upper boundary limit at MQCC® of up to 60% but this may change depending on the actual nature, quality and character of the financial solution. For example, a MQCC® FACTOR (accounts receivable discount) financial product is not subject to the 60% boundary because this is not considered a "debt" or "loan" product. 

          • MQCC® may offer a CONVERTIBLE DEBT/EQUITY Financing Solution; which transforms the debt into equity and returns on equity investment, while volatile, can be much higher than 60%.

          • Each Applicant is different and each financing requirement is different; so the best solution is determined after MQCC® Intake and MQCC® Underwriting is complete.

Government licensed mortgage brokers, sub-brokers, agents; please see a lawyer or accountant for legal or accounting advice. This website does NOT provide legal advice, accounting advice, conformity advice, regulatory advice or another advice. 

Email: underwriting@mortgagequote.ca the following:

1) how much is your house worth?

2) how much is owed?

3) what is address of house?

4) how much do you want?

5) how long for?

6) what is $ for?

7) Which lenders have you gone to already?

7.1) What did the other lenders say?

Remember, Before you visit MQCC® have you visited the usual suspects?

• Alpine

• Approved

• Magnum

• VWR

• Centum Mortgage View

• Fisgard

• Alta West

• One Stop

• Vector Pacific

• Mortgage360

• Capital Direct

• basically, all the so-called "private lenders" found in the lists located in:

  • Boss (Mortgage Boss)

  • Dolphin

  • Filogix Expert

  • Filogix Expert Pro

  • Finmo by Lendesk

  • Lendesk

  • Lender Spotlight

  • Merlin

  • Mortgage Automator

  • TMG Hurricane

  • Velocity

Why? Remember:  MQCC® Starts where the above stop; either because:

a) MQCC® is faster; in which case the speed is a premium

b) MQCC® is more flexible; in which case the flexibility is a premium

c) MQCC® is more creative; in which case the creativity is a premium

d) MQCC® is more certain (ie: guaranteed to fund); in which case the certainty is a premium

MQCC® PRIVATELENDER.org: Private Lending Network™/®

FULLY INDEMNIFIED "PRIVATE LENDING" for Retail Consumer Mortgage Brokers without Regulatory-Recognized or Federal (National) Standards-based Expert-Level Experience in "private lending*"

Your Supplier for Secured, Unsecured and Hybrid-Secured Financing 

(Visit www.ip2pfa.org to learn more about misunderstanding of the term: "private lending".)

15+ Years of HELPING and PROTECTING CONSUMER-GRADE ORIGINATING MORTGAGE BROKERS™

A Break-through in Government Regulated Mortgage Broker Supervisory Activity Prudence and Safety through Federal (National) Standards-integrated Safety and Quality Systems 

Welcome to broker.mortgagequote.ca, your home of FULLY INDEMNIFIED "PRIVATE LENDING" for GOVERNMENT REGULATED Mortgage Brokerages, Mortgage Brokers, Mortgage Agents; and FIDUCIARY OFFICERS and DIRECTORS of mortgage broker companies including Chief Executive Officers (CEO) and Designated Individuals.

PRIVATELENDER.org: CANADA'S PRIVATE LENDING NETWORK® Established on April 9, 2005; Canada's only National Standards integrated artificial intelligence (ai) commercialized quantum computing (CQC™) risk-based, finance origination, investment, intermediation and management system-network. For over 2 decades, MQCC® Top Management are expert in critical and complex financing files. FULLY INDEMNIFIED (VIA ERRORS AND OMISSIONS INSURED, CO-BROKER OBLIGATIONS) PRIVATE (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; Source: International Peer-to-Peer (P2P) & Private Finance Association IP2PFA™ (www.ip2pfa.org)) LENDING ORIGINATION AND INTERMEDIATION for GOVERNMENT REGULATED MORTGAGE BROKERAGES, MORTGAGE BROKERS, SUB-BROKERS, AGENTS, UNLICENSED ASSISTANTS; PRINCIPAL BROKERS AND DESIGNATED BROKERS; INVESTORS AND LENDERS.

Harness THE POWER OF BLOCKCHAIN®

Home to the Canadian Industry Standard for SAFER PRIVATE LENDING™, achieved by: 

Federal Canadian (including USA, UK and 118+ Countries) National Standards-registered, Consumer, Regulator and Liability Insurance-Integrated: Safe, Reliable, Good; Better, Safer and More Efficient™ operations resulting in:

PUBLIC and PRIVATE REGULATORY EXCELLENCE * PUBLIC TRUST AND CONFIDENCE * REGULATEE or LICENSEE ORGANIZATIONAL (Corporation and Individual (COIN™) RESILIENCE

through the correct and proper application of principles, concepts and core methods of non-novel (exact) conformity science (www.conformity.org)

Since at least as early as May 9, 2008.

Brokers (Intermediaries) Mortgages and Loans

Attorney, Lawyer, Realtor and other Regulated Professional Referrals

Government and Non-Government Licensed and Regulated

Canada - International

An initiative of MQCC® MortgageQuote Canada Corp. in collaboration with:

Commercial origination, manufacture, trading and intermediation of:

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 Securities in:

• Classic Paper-based Document Format

• Utility tokens including BITCOIN™ trademark brand utility token (and non-binary digit (cold) equivalent)

• Securities tokens including BITMORTGAGE® trademark brand securities token (and non-binary digit (cold) equivalent)

• Conformity tokens including BITCONFORMITY™ trademark brand conformity token (and non-binary digit (cold) equivalent)

• Quality tokens including BITQUALITY™ trademark brand quality token (and non-binary digit (cold) equivalent)

• Fungible tokens (FT); both binary digit and non-binary digit (cold) equivalent

• Non-fungible tokens (NFT); both binary digit and non-binary digit (cold) equivalent

• Regulatory tokens; both binary digit and non-binary digit (cold) equivalent  

• Artificially Intelligent Smart NFT Contracts (aiSMARTnft™); both binary digit and non-binary digit (cold) equivalent

Managed for risk, regulatory integrity, customer satisfaction and professional liability (errors and omission) prevention, detection and corrective action using:

MQCC™ BLOCKCHAIN™ trademark brand, conformity science-based, Quality Management System services

• Visit www.BlockChainForLawyers.org (and Regulators, Policy Makers, Elected and Appointed Officials, Scientists and Academics) to learn more

• Visit www.BlockChainStandards.net to learn more

MQCC™ BITCOIN™ trademark brand, conformity science-based, brand Quality Management System services

• Visit www.bitcoin.eco to learn more

MQCC™ CRYPTO™ trademark brand, conformity science-based, brand Quality Management System services

• Visit www.bitcoin.eco to learn more

World's First and Most Tested, Most Trusted Securities Token Available world-wide in up to 118+ Countries under the following trademark brand names:

BITMORTGAGE® 

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 Securities

• Visit www.bitmortgage.com

As Canada's National Standard for Safe, Reliable, Good; Better Safer and More Efficient™  Private Lending, if your Government Licensed Mortgage Broker is using MQCC™ PrivateLender.org: Private Lending Network™, you are Assured that they are Doing Private Lending Right!

Seek First to Understand: Learn then Earn™

MQCC® likes "Helping Good People"™

BRITISH COLUMBIA (BC) - All areas (Island properties must have ferry access) - including small rural.

 Subject to the exact location and unique conditions of each property. 

ONTARIO (ON)

Greater Toronto Metropolitan Area (GTA) or properties with waterfront (lakeside cottages, harbour-front, marina- properties). Non-GTA and Rural properties on a "case by case" basis.

Definition of GTA for MortgageQuote.ca Lending Purposes:

                                MortgageQuote.ca will also consider lending to other (Non-GTA) areas of Ontario - on a "case by case" basis.

Subject to the exact location and unique conditions of each property. 

Secondary Regions (NWT, NT, PEI, YK)

NORTHWEST TERRITORIES (NWT) - Approvals based upon a case by case assessment of applicant(s) and security(ies).

NUNAVUT (NT) - Approvals based upon a case by case assessment of applicant(s) and security(ies).

PRINCE EDWARD ISLAND (PEI) - Approvals based upon a case by case assessment of applicant(s) and security(ies).

YUKON (YK) - Approvals based upon a case by case assessment of applicant(s) and security(ies).

Tertiary Regions

Anywhere in the world included expanded areas of both Primary and Secondary regions, subject to a case by case assessment of applicant(s) and security(ies).

Broker Support Site

Existing mortgage brokers can visit our broker support website at Broker Support Site (APLUS).

Professional Referrals

see Referral Section

Non-Professional Referrals

see Referral Section

For Corporations, Organizations and Institutions (COIN™) Entities including:

Public and Private: Regulatory Bodies; Regulated Bodies; Licensing Bodies; Licensed Bodies

Meets or Exceeds United States Department of Education (DOE) Quality Standards for Quality Assurance in Education at the institutions and programs (faculties) level

(There are two basic types of educational accreditation [recognized by the United States Department of Education (DOE)], one identified as "institutional" and one referred to as "specialized" or "programmatic.")

PEMPAC Private Equity Mortgage Professionals Association of Canada®

Learn more

Learn more; visit: BeforeYouApply.mortgagequote.ca 

         BeforeYouSign.mortgagequote.ca

PRIVATLENDER.ORG: Canada's Private Lending Network®; The World's Private Finance Network™

Professional Liability and Errors and Omissions Prevention-Integrated, Fully Indemnified Private Lender Origination for Mortgage Brokerages whose Professional Liability, Errors and Omissions Insurance companies do not classify and recognize  and insure the brokerage for "primarily trading in non-bank or Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow goods (products) and services (methods)"; and therefore the organization does not possess the minimum standards of competence nor proficiency and systems, technology and infrastructure, management and supervision expected of a practitioner or organization that primarily trades in, and is insured primarily for, trade in Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow goods (products) and services (methods). Register at edu.MQUCC.org to learn more; or simply send your deals to MQCC™ and Learn as you Work™.

All you need is an email account to ENTER THE BLOCKCHAIN™ (www.EnterTheBlockChain.com); or simply email your files to underwriting@mortgagequote.ca to enjoy the benefits (subject to organization regulatory intake agreements signed by your broker of record or CEO).

MQCC™ DRIFT™: EO Insurer-Trusted,  Risk-Based, National-International Standard-Class (NISC™) - Broker, Sub-Broker, Agent: Command, Control & Quality Management System (CCQMS™)

The world's best; made for you™. 

MQCC teaches EO companies how to reduce losses and increase profits by creating environments for higher-risk mortgage brokers or large mortgage brokerages with hundreds of agents and thousands of points of failure or risk exposure , to verifiably reduce risk.

Don't change your EO insurance company, change your operations, for the better to theMQCC  ACCREDITED CLASS®.

Learn more.

MQCC™ Innovative, Non-Bank, PEM® & BIT BRAND™ Private Equity Mortgage Products & Solutions

Anything goes, so long as it makes sense to the person writing the cheque.™

Government Licensed Mortgage Brokers and Agents

Trade & Profit from Private Lending; Sleep Well at Night™

• Do you want your clients to participate in the lucrative world of certified quality managed private lending to earn the returns as described at our MQCC Investor-Lender page?

• Do you want to earn money in private lending without compromising, invalidating or otherwise affecting your errors & omissions insurance?

Understand that not every mortgage brokerage is permitted to trade in private lending. Who decides? Your EO Insurance coverage; your regulator required Customer Relationship decision (agent for borrower, intermediary or agent for lender).

Alberta:

Pursuant to RECA standards of conduct (https://www.reca.ca/consumers/standards/rules/part2-div1.htm)

Industry Member Prohibitions 

42

Industry members must not:

(section 42),  (c) use confidential information obtained from any person for personal gain nor should that information be used for any purpose other than that for which it was obtained;

Section 42,combined with Section 43 (Written Service Agreements), 44 (Protection of Client Information) places the same burden of confidentiality on your client (the private investor-lender)

Agent for Lender Requirements

 https://www.reca.ca/industry/relationships/representing-lender.htm

Mortgage brokerages are cautioned that their industry members must only undertake activities that match the type of relationship the brokerage has chosen to have with lenders and/or borrowers (e.g. AGENT FOR BORROWER). For example, if a mortgage brokerage business model is to act as an intermediary, an advertisement that indicates “we ensure borrowers get the best mortgage rate” may be false and/or misleading, as it could lead a borrower to believe that the mortgage brokerage is working on his or her behalf. Appropriate wording could be “we work with borrowers to provide appropriate options for their consideration.”

MortgageQuote Canada Corp. (MQCC) - your only safe way to trade and profit from certified statutory, regulatory and process (SRP™) conformity private lending in Canada.

If your brokerage choses to act for borrowers, or as an intermediary. It (or it's licensed agents) can NOT act for a private lender (as defined by RECA). So, it may be best to direct your private lending activity (or refer your interested investor-lenders) to a trusted quality brokerage firm that has chosen to act for private lenders from the outset, ie; MortgageQuote Canada Corp. For the record, MQCC is Canada's ONLY mortgage brokerage firm that is certified to be fully compliant with regulatory private lender interaction requirements, in Canada.  First in Canada: Certified Quality Management System & Certified Regulatory Compliance

You still get control of your investor-lender referral and you still participate in the lucrative private lending area, it's just that you do it within the context of compliance.

This is the best way to prevent downstream issues from arising. 

BC:

Similar to Alberta

ONTARIO:

Similar to Alberta

Contact your MQCC™ BDO for details: underwriting@mortgagequote.ca 

Broker Tools

Certified Unified Risk Based Quality Management Systems (uQMS™)for Licensed Mortgage Brokers

Email us at info@mortgagequote.ca

Broker Training & Support

Click Here to Contact us via email or Click here to Register Online with MQCC website for Broker Training & Support

Email MQCC™ Broker Support Site Team

Why MQCC™ SAFER™ Private Finance is Important for Government and Non-Government Regulated and Licensed Credit Intermediaries (Loan and Mortgage Brokers)?

One reason is that MQCC is important because it recognizes the true risk that face government licensed and regulated credit intermediaries when they trade in Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow goods (products) or services (methods); as follows:

1 - One or All of the following parties:

• your customer

• your regulatory body

• your licensing body

• your professional liability and errors and omissions insurer, risk underwriter, insurance agent or broker

• your Designated Broker

• your Chief Executive Officer (CEO) of your brokerage

• your brokerages' Top Management (as defined in the applicable Canadian Federal and International Standard)

• your brokerage's shareholders, investors, lenders and corporate risk insurers/Directors and Officer's Liability Insurer and risk underwriters

• prospective customers

require that you or your:

• Brokerage

• Fellow Brokers (Agents and Sub-Brokers)

• Unlicensed assistants

trade in credit transactions:

• to a standard that conform to expectations and requirements by regulators, consumers, investors, lenders, fellow employees, shareholders of your brokerage, Top Management of your brokerage and your professional liability and errors and omissions insurers/brokers/agents; namely, that you:

Operate or Function or Act in a manner that is beyond reproach (or, at the minimum, accountable); specifically, that is: 

• at a minimum; competent in nature (ie; you have necessary and sufficient training; you are tested for efficacy and possess minimum competency standards to trade with the public.)

Example of Competency Standards include: MQCC™ Competency - Private Finance 001/2006-2021-CPFS

Visit PEM® Institute (PEMI®) at www.PEMInstitute.org to learn more.

• at a minimum; proficient in nature (ie; you have necessary and sufficient training; you are tested for efficacy and possess minimum proficiency standards to trade with the public and lead others in the role of an authority on the subject.)

Example of Proficiency Standards include: MQCC™ Proficiency - Private Finance 001/2006-2021-PPFS

Visit PEM® Institute (PEMI®) at www.PEMInstitute.org to learn more.

so that all:

• statutory requirements

• regulatory requirements

• industry requirements

• procedural requirements

are satisfied, for each and every transaction in which you are involved; with records and evidence of conformity to be held and made available for regulatory audit or other discovery, for a period of up to seven (7) years; subject to your jurisdiction of regulation, licensure or operation.

2 - All of the following leadership roles:

• regulatory bodies and regulators (Chief Executive Officers CEO; Executive Directors; Investigators; Lawyers; Market Conduct Officials)

• Professional liability and errors and omissions insurer, risk underwriter, insurance agent or brokers

• Lawyers with an expertise in professional negligence

• Trained, Tested and Accredited Academics

Will acknowledge that the nature, quality, feature, characteristic, extent and function of financial (finance industry sector) trade classified as: 

Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow

for example:

• Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow loans

• Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow mortgages

• Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow financial sector services (methods)

• Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow other financial sector services (methods) or goods (products) - fungible and non-fungible

is scientifically (precisely, exactly, empirically, materially, measurably) dissimilar to trade in traditional and general financial intermediation, namely, 

Non-Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow

for example:

• Non Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow loans

• Non Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow mortgages

• Non Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow financial sector services (methods)

• Non Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow other financial sector services (methods) or goods (products)

• Financial goods (products) and services (methods) provided by 

(a) Central Banks (CB)

(b) Federally Regulated Financial Institutions (FRFI)

(c) other-jurisdiction-Regulated financial institutions, including those regulated by members of:

• FINRA (Financial Industry Regulatory Authority; USA) 

• CSA (Canadian Securities Association; Canada)

• FCA (Financial Conduct Authority; United Kingdom UK)

• And other International equivalent bodies

scientifically (precisely, exactly, empirically, materially, measurably) dissimilar because the Kind of Activity Units KAU which produce the output of Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow goods and services are inherently not the same as the KAU which produces the output of non- goods and services, specifically, the principal productive activity accounts for most of the value added is not the same; (KAU is a definition of the OECD, United Nations and member states; see OECD/UN/WIPO/WTO Textbook written by Anoop Bungay available at Amazon® and Google Play®; entitled:

• How the April 9, 2005 - World's First - Commercial Application of "Principles of 'BlockChain'" Was Influenced by Secretaries- & Directors-General of UNGA, OECD, WIPO & WTO Organizations from 2001-2005How the April 9, 2005 -World's First- Commercial Application of "Principles of 'BlockChain'" Were Influenced by Secretaries- & Directors-General of UNGA, OECD, WIPO & WTO Organizations from 2001-2005); for organizational references).

3 - In additional to Industry Sector-based differences, the Occupational differences are also dissimilar because the "tasks" which comprise the "the principal productive activity accounts for most of the value added" are separate and distinct; borne of dissimilar:

• Blooms Framework

• DACUM Framework

• Standard Occupational Classification Framework

and dissimilar:

• work performance (for both regulated and non-regulated activities and extents)

• job duties

• skills

• education

• training

• testing

• accreditation of educational organizations

• career frameworks

• standards and applications of systems, technologies and tools

• degrees or other credentials generally required

and dissimilar:

• competency standards

• proficiency standards

and dissimilar:

• organization direction and planning

• organization management

• organization and employee supervision

and dissimilar:

• compensation to practitioners

• costs and fees to applicants/borrowers

• investment returns and yields to investors and lenders

and dissimilar:

• professional liability; errors and omissions risk liability insurer/broker/agent underwriting standards

• rates of risk; for example, all regulators and professional liability insurers will confirm that Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance sector transactions inherently have a higher probability of high-risk events including:

* Loss of Investor-Lender funds $$;

* Predatory behaviour of untrained Investors, Lenders, Brokers;

* Improper understanding of critical and complex residential and commercial private lending transactions;

* Insufficient or improper training, education, testing, accreditation, skills assessment of practitioners;

* Insufficient or improper standards, systems, technology and tools at both a corporation, organization and individual level (COIN™);

* Insufficient experience; 3 years for vocational standard; 4 years for bachelor degree level; 6 years for Masters (bachelor degree included); 8 years for Ph. D. level (bachelor, masters included); 12 - 15 years for expert standard; leadership level experience.

* This is not a complete list;

resulting in the causing of harm to consumers (applicants, borrowers, investors, lenders) by persons or organizations that do not possess necessary and sufficient skills, education, training, experience, organizational systems and organizational controls to effect competent or proficient delivery of goods and services of a Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow quality or nature resulting in:

* Financial $$$ penalties paid by brokers, brokerages, agents and sub-brokers due to nonconformity events including system errors, omissions and human errors and omissions;

* Regulatory complaints against brokers, agents or sub-brokers and unlicensed assistants;

* Company (brokerage) complaints;

* Statements of Claim (legal disputes);

* This is not a complete list.

Another reason is that MQCC is important is because it revolutionized the standards, systems, technologies and tools related to the origination and completion of 'private lending' or Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance sector transactions because:

MQCC is the Global Network Administrator GNA™ for PRIVATLENDER.ORG: Canada's Private Lending Network®; The World's Private Finance Network™

Which revolutionized mortgage origination by introducing: Professional Liability and Errors and Omissions Prevention-Integrated, Fully Indemnified Private Lender Origination for Mortgage Brokerages whose Professional Liability, Errors and Omissions Insurance companies do not classify and recognize  and insure the brokerage for "primarily trading in non-bank or Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow goods (products) and services (methods)"; and therefore the organization does not possess the minimum standards of competence nor proficiency and systems, technology and infrastructure, management and supervision expected of a practitioner or organization that primarily trades in, and is insured primarily for, trade in Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow goods (products) and services (methods). Register at edu.MQUCC.org to learn more; or simply send your deals to MQCC™ and Learn as you Work™.

All you need is an email account to ENTER THE BLOCKCHAIN™ (www.EnterTheBlockChain.com); or simply email your files to underwriting@mortgagequote.ca to enjoy the benefits (subject to organization regulatory intake agreements signed by your broker of record or CEO).

This is just some examples of why MQCC™ is good for you. Read this website and related websites and textbooks to learn fully and completely.

Benefits:

• Establish Trust 

in Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Finance Transactions

• Create a Transparent Operating Environment 

for Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Finance Transactions

• Establish Accountability 

in Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Finance Transactions

• Assure Products (goods) and Methods (services) meet National and International Standards of Quality resulting in better, safer and more efficient products and methods 

related to Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Finance Transactions

• MQCC™ Systems Level Artificial Intelligence (SLAI™) -based

for errors and omissions, professional liability insurance risk management and underwriting integration and assurance.

For the benefit of the following class of financial sector participants or entities:

• Consumer

• Industry

• Government

• Non-Government Organization

For the benefit of the following roles of financial sector participants or entities:

• Borrower - Investee

• Investor

• Broker

• Regulator

• Insurer

For the following goods (products) and services (methods):

• Mortgages

• Loans

• Currency

• Other Asset or Debt or "Object of Value" (fungible or non fungible)

Borrower - Investee

www.privatelender.org: Global Private Lending Network®

www.mortgagequote.ca

www.bitmortgage.com®

www.PEMInstitute.org Private Equity Mortgage Institute®

And see the Borrower Articles found in the MQCC Blog™: Blog.MortgageQuote.ca

More references websites are found in the footer of this website.

Investor

General Investor Website:

investor.mortgagequote.ca

www.privatelender.org

www.bitmortgage.com®

www.PEMX.com®

www.PEMInstitute.org Private Equity Mortgage Institute®

www.GAMUS.org GAMUS: Generally Accepted Mortgage Underwriting Standards™

www.CMHCBlockChain.com: MQCC™ Canada Mortgage/d’Hypothèques Conformity (CMHC) BlockChain

MQCC™ FCP Fiduciary Capital Partners™ Website:

fcp.mqcc.org

Investing for Professional Active and Retired Athletes Website:

pa.mqcc.org

And see the Investor Articles found in the MQCC Blog™: Blog.MortgageQuote.ca

More references websites are found in the footer of this website.

Broker

Government Regulated Mortgage Brokers Website:

broker.mortgagequote.ca

www.bitmortgage.com®

www.PEMInstitute.org Private Equity Mortgage Institute®

www.GAMUS.org GAMUS: Generally Accepted Mortgage Underwriting Standards™

www.CMHCBlockChain.com: MQCC™ Canada Mortgage/d’Hypothèques Conformity (CMHC) BlockChain

And see the Broker Articles found in the MQCC Blog™: Blog.MortgageQuote.ca

More references websites are found in the footer of this website.

Regulator

Government and Regulator Website:

www.mqcc.org

And see the Regulator Articles found in the MQCC Blog™: Blog.MortgageQuote.ca

More references websites are found in the footer of this website.

Insurer

Errors and Omissions; Professional Liability Insurers Website:

www.mqcc.org

www.PEMInstitute.org Private Equity Mortgage Institute®

www.GAMUS.org GAMUS: Generally Accepted Mortgage Underwriting Standards™

www.CMHCBlockChain.com: MQCC™ Canada Mortgage/d’Hypothèques Conformity (CMHC) BlockChain

And see the Insurer Articles found in the MQCC Blog™: Blog.MortgageQuote.ca

More references websites are found in the footer of this website.

MQCC License Lookup™ 

License Lookup™

Are you Licensed to Trade? Your name must appear in the registry for the province in which the mortgaged property is located. Read below for details.

MQCC License Lookup™

Alberta click here for RECA registry

British Columbia click here for FICOM registry

Ontario click here for FSCO registry  

Saskatchewan has some exceptions - contact us for details.

Broker Licensing Requirements - Other Provinces, Territories, Jurisdictions in Canada

AB - Alberta - must be registered with RECA

BC - British Columbia - must be registered with FICOM

ON - Ontario - must be registered with FSCO

Other - Registration Required - SK, MB, QC, NS, NFLD, NB  

Other - No Registration Required - PEI, NT, NU, NWT, YK  

This information is subject to change without notice.

Broker Licensing Requirements - AB, BC, ON (NEED TO BE LICENSED™) or Simple Referral program (referrals.mortgagequote.ca)

Requirement to be Licensed

In Alberta, BC and Ontario, only Licensed Mortgage agents/brokers/sub-brokers within the jurisdiction of the property may interview mortgage applicants, obtain mortgage application information and prepare a mortgage application then submit same to a lender. There is no such thing as an unlicensed co-broker. (This is NOT legal or regulatory advice).

Designated Co-Brokered Transactions

All private mortgage transactions are designated as "co-brokered" transactions. MortgageQuote acts for the investor-lender and the originating mortgage brokerage acts for the mortgage applicant, so your jurisdiction's co-broker regulations will apply.

Co-Broker, Lead Generation Rules & When a License is Required

(licensed users only please)

In Alberta, British Columbia and Ontario, (where MortgageQuote.ca is licensed), the mortgage origination business is overseen by regulatory bodies. An individual AND his or her parent company must BOTH be licensed, registered and be "in good standing" to trade or deal in mortgage transactions in one of those jurisdictions. The July 1, 2011 changes to the Agreement on Internal Trade (AIT), allow for individuals already licensed in one province, to have their occupational educational qualifications recognized by another province. Notwithstanding, in order to practice in another province, an individual is required to REGISTER with the regulatory body of the other province - so long as they are in an occupation that requires registration. "Mortgage Brokering" is an occupation that requires registration. 

The recent laws have only made it easier to transfer educational requirements from one provincial jurisdiction to another, however for mortgage industry members, the requirement to register in order to trade in another province, remains. Failure to license/register and to transact in mortgages is unlawful, will void Errors and Omissions claims and will expose you and your mortgage brokerage to lawsuits for fraudulent origination or worse; by both the borrower, the lender, the regulatory authority or all.

Jurisdictional License Reciprocity

The below links from the various regulators should help clarify any confusion for you. 

Alberta's Occupational Standards Recognition Policy for Mortgage Brokers (from other jurisdictions) - click here for details.

British Columbia (BC) Bulletin RE: Licensing Reciprocity for Current Licensees in Other Provinces - click here for details.

Ontario (ON) Bulletin RE: Licensing Reciprocity for Current Licensees in Other Provinces - click here for details. 

License/Registration Test

The questions we ask to determine your license and registration requirements for any transaction, is the following:

1.1 - 'where is the location (jurisdiction) of the primary property being mortgaged?'

1.2 - 'Is the Application Referral Source, namely you, registered with the governing mortgage broker regulatory body of that jurisdiction?'

In order to ensure compliance to this requirement, it is important to ensure that you are licensed, registered and in good standing with one of the registrars. See the License Registry section below, to confirm you and your company are duly licensed, registered and in good standing.

License Registry

For Alberta mortgage transactions, your name and company information should appear in this registry: click here for RECA registry.

For British Columbia mortgage transactions, your name and company information should appear in this registry: click here for FICOM registry. 

For Ontario mortgage transactions, your name and company information should appear in this registry: click here for FSCO registry and Search for FSCO Declaration of Compliance requirement.  

If your name appears in either registry, this means we are able to receive mortgage applications from you.

If your name does not appear in either registry and you have taken educational courses to become a mortgage Associate or Sub-Broker and you are in the business of mortgage brokering, please ask your company compliance officer for assistance.

If your name does not appear in the either registry and you have NOT taken educational courses to become a mortgage Associate or Sub-Broker see Options for Unlicensed Individuals, below.

If your name or company name does NOT appear in the registry, and you are a licensed mortgage in another province, then you may qualify for extra-provincial registration. See Jurisdictional License Reciprocity links section, to learn more.

Options for Unlicensed Individuals

If you are not able to provide confirmation of license and registration, you have the following options:

4.1  - refer your client to a colleague who is duly registered in the jurisdiction of question, in order that they may send the file to our office for action. 

4.2 - register yourself and, if necessary, your brokerage firm, with the regulatory body in the jurisdiction of question. 

4.3 - you may still refer your file to MortgageQuote.ca Private Lending Services, and you would be treated as an unlicensed and unregistered 'simple referral source'.  You would not be able to communicate mortgage options or negotiate terms with the applicant because you are not licensed to trade in mortgages within the jurisdiction. MortgageQuote.ca will need to undertake the communication, negotiation and fulfillment of the transction, directly with the borrower. This means you would be paid a referral fee of upto 20% of the paid origination fee to MortgageQuote.ca. The actual amount will be determined upon review of the work required for the file. Visit referrals.mortgagequote.ca to learn more.

4.4 - you would like to be in the mortgage business, the visit www.mortgagejobs.org to learn more.

Is this a new thing?

If you are a mortgage broker and this situation affects you; you may not have encountered this issue until today. If you have historically been dealing in mortgages in other provinces and no other lender has brought this to your attention, we cannot fully explain that. What we can say, however is the following:

• Some lenders are so "hungry for deals" that they don't care about the origination process. Afterall, most lenders are ultimately regulated by federal laws, not necessarily provincial laws.

• Caution:  Most transactions go through "without a hitch" however an incorrectly originated transaction has the potential to nullify a lender's security. A borrower only needs an experienced lawyer to see the mistakes; then the lawyer can file an application with the courts for relief.

• If a lender ends up losing money due to a poorly originated transaction (or worse, a smart lawyer), you can be sure that they will look to the mortgage professional who originated the mortgage, along with his or her broker and brokerage for compensation (or as a third-party to law suit). Then, an Errors and Omission (EOE) claim starts. 

• Problem: The problem with EOE insurers, is that they usually cover claims for transactions for the provinces in which a broker is licensed. Once an EOE insurer determines that a person was not duly licensed to practice in a province for which a claim is being filed, most likely they will refuse to assist.  

The best thing is to ask your Designated Broker or Designated Individual for guidance, or read the rules of the Regulator's website in the province which you are not licensed in - but should be. 

Ask your Errors & Omissions Insurer

One final note: Errors & Omissions insurers policies usually cover mortgage brokers for the provinces in which they and their licensed employees are duly registered. You should ask your EOE provider for guidance.  

Source: When a License is Required (private MQCC® link)

Visit www.BitCoin.eco to learn more.

HISTORICAL YIELDS