MQCC™ BLOG OF BLOCKCHAIN™ (www.BlogOfBlockChain.com) Articles and Open Secrets

BLOG TITLE: MQCC™ Blog Of BlockChain™ (www.BlogOfBlockChain.com) Articles and Open Secrets
BLOG, BOOK, E-BOOK SERIES: The FATHER OF BLOCKCHAIN™ Presents
(www.FatherOfBlockChain.com)
PUBLISHER: MQCC™ Money Quality Conformity Control Organization incorporated as MortgageQuote Canada Corp.
SELLER: MQCC™ Money Quality Conformity Control Organization incorporated as MortgageQuote Canada Corp.
GENRE: REFERENCE
AUDIENCE: GRADE 12; VOCATION; COLLEGE; UNIVERSITY; INDUSTRY; GOVERNMENT
PAGES: VARIOUS
CONTRIBUTOR: Anoop Bungay
PUBLISH START DATE: 2011



CQMFA.org: The World's Better, Safer and More Efficient Banking & Finance Network (www.cqmfa.org)

Quality Management-in-Finance.


ACADEMIC AND JOURNAL CITATIONS in MODERN LANGUAGE ASSOCIATION OF AMERICA (MLA 8) FORMAT
To cite any article, here is the template to use; with an example, below:

Citation Template:

Author’s Last Name, Author’s First Name. “Title of Post.” Blog Name, Blog Publisher (only include this information if it is different than the name of the blog site), Date blog post was published, Link to post (omit http:// or https://).

Example:

Bungay, Anoop. “The History of digital and non-digital, 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 systems, built on discovery of the the seminal "principles of 'BlockChain'", begins.” MQCC™ Articles and Open Secrets, MortgageQuote Canada Corp. MQCC, 18-Apr. 2019, blog-mortgagequote.blogspot.com/2019/04/the-history-of-digital-and-non-digital.html

Tuesday, 10 May 2016

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) Mortgage Transactions: Liability and Risk Reduction through Regulatory Compliance Certification

 Letter to a Canadian regulated insurance company that provides professional liability insurance to finance companies:

May 10, 2016, 2:58 PM

Were you able to consider the below idea?  

Open Letter to Professional Liability Insurers
 
In the interests of public service, risk reduction and liability cost reduction, we seek to have errors and omissions insurance companies require that all mortgage brokers who seek to trade in either mortgage transactions or specifically, 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) LENDING (investing, brokering, underwriting, managing, borrowing) mortgage transactions, to utilize MortgageQuote's ISO 9001:2008 certified, litigation-tested, proprietary, Integrated Mortgage Processing and Quality Management System for processing their transactions.
 
Real Life Business Problem that we Solve (source page) --see at www.mqcc.org
 
Experienced Errors and Omissions Insurance professionals state that that the biggest complaint of a mortgage brokerage firm and their agents, when subject to either a valid or frivolous E&O claim, is that the broker or agent 'did nothing wrong', but cannot effectively prove it - in an objective manner. Well now you can.
 
Our ISO 9001:2008 certified, regulatory compliant, litigation-tested, proprietary, Integrated Mortgage Processing and Quality Management System mortgage operations engine is designed to ensure mortgage brokers operate in a manner that minimizes E&O claims and if a claim arises, is the basis of proving whether or not a mistake was made. There are over 1000 steps to a mortgage transaction and at MortgageQuote, each and every step is documented and managed for quality by real-time validation.
 
The system is designed to minimize errors, omissions, "willful blindness" events and related processing errors by licensed agents and unlicensed employees. The MQCC "engine" is is both a management system and quality management system for a mortgage brokerage firm.
 
While the system works for all types of mortgage transactions, we have found it is very effective for controlling the quality of private mortgage transactions which tend to be more profitable than non-private mortgage transactions. And an area of the industry that would best benefit from a system such as this.
 
 
Actuaries, underwriters or liablity insurance professionals may contact us at info[at]mortgagequote.ca

Do you think we could find a way to work with you and your insurers?

Anoop