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:
Yes it can be; VERY RISKY! PrivateLender.org helps make it safe for you!
PrivateLender.org is a self-regulatory organization which oversees Peer-to-Peer & Private Lending industry participants who trade in real-estate secured transactions. We provide accreditation & compliance services to private equity investors, lenders & finance brokers for the benefit of the general public and private borrowing community.
Our mission is to establish quality standards within the Peer-to-Peer & Private Lending sector with a FOCUS ON REAL ESTATE-SECURED PRIVATE LENDING TRANSACTIONS.
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. 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.