Articles and Open Secrets

MortgageQuote Canada Corp. ( The World's Safest Banking & Finance Network (

Quality Management-in-Finance.

Monday, 26 June 2017

If your mortgage financing transaction is mission critical to you or your organization, who can you trust? Do what the GSA, DOD & NASA do - hire an ISO 9001:2015 Certified finance company, like MortgageQuote Canada Corp. (MQCC)

What does MortgageQuote Canada Corp. (MQCC), US General Services Administration (GSA), Department of Defense (DOD), National Aeronautics and Space Administration (NASA) have in common? 

Recognition of the importance of higher-level quality standards for complex and critical items; namely, acceptance of a Certified ISO 9001:2015 Quality Management System to establish vendor credibility for complex and critical projects.

The below excerpt speaks for itself:


46.202-4 Higher-level contract quality requirements.

(a) Agencies shall establish procedures for determining when higher-level contract quality requirements are necessary, for determining the risk (both the likelihood and the impact) of nonconformance, and for advising the contracting officer about which higher-level standards should be applied and included in the solicitation and contract. Requiring compliance with higher-level quality standards is necessary in solicitations and contracts for complex or critical items (see 46.203)

  • 46.203 Criteria for use of contract quality requirements. The extent of contract quality requirements, including contractor inspection, required under a contract shall usually be based upon the classification of the contract item (supply or service) as determined by its technical description, its complexity, and the criticality of its application
    • (a) Technical description. Contract items may be technically classified as— 
      • (1) Commercial (described in commercial catalogs, drawings, or industrial standards; see Part 2); or 
      • (2) Military-Federal (described in Government drawings and specifications). 
    • (b) Complexity
      • (1) Complex items have quality characteristics, not wholly visible in the end item [ie.; financial underwriting and conditions fulfillment], for which contractual conformance must be established progressively through precise measurements, tests, and controls applied during purchasing, manufacturing, performance, assembly, and functional operation either as an individual item or in conjunction with other items. [ie; the complete origination, underwriting and funding process].
      • (2) Noncomplex items have quality characteristics for which simple measurement and test of the end item are sufficient to determine conformance to contract requirements. [ie: buying groceries]
    • (c) Criticality
      • (1) A critical application of an item is one in which the failure of the item could injure personnel or jeopardize a vital agency mission. A critical item may be either peculiar, meaning it has only one application, or common, meaning it has multiple applications. 
      • (2) A noncritical application is any other application. Noncritical items may also be either peculiar or common.

 or when the technical requirements of the contract require—

  1. Control of such things as design, work operations, in-process controls, testing, and inspection [internal & external audit]; or 
  2. Attention to such factors as organization, planning, work instructions, documentation control, and advanced metrology. 
(b) Examples of higher-level quality standards include overarching quality management system standards such as ISO 9001 [ISO 9001:2015 is the current standard as at 2017], ASQ/ANSI E4, ASME NQA-1, SAE AS9100, SAE AS9003, and ISO/TS 16949, and product or process specific quality standards such as SAE AS5553.

What does this mean to you?

Mortgage transactions (either for borrowers ( or investors ( are by their inherent characteristics "Technical", "Complex" and when you need the money most, "Critical".

If obtaining mortgage financing is "mission critical" to you, your family or your organization (commercial enterprise, property developer, construction company) then when you seek mortgage financing, work with MortgageQuote Canada Corp. (MQCC) which - for over 10 years, since 2008 - has certifiably met the higher-level quality standards which GSA, DOD and NASA require for their own complex and critical matters.

What did MortgageQuote (MQCC) do to make this happen?

Excerpt from the website:

In 2006, MortgageQuote Canada Corp. (MQCC) developed what is today, the world's first bespoke ISO 9001:2015 certified, litigation tested, risk-based integrated Quality Management System (iQMS™) designed to enable continual statutory and regulatory compliance and to prevent statutory and regulatory nonconformity events; for the following scope: "provision of mortgage banking ("lending" in Canada) and mortgage brokerage services".

Our patent-pending and proprietary, continually improving world-class iQMS™ technology creates measurable levels of efficiency, quality, trust & confidence for the three critical risk management functions of a regulated and non-regulated financial sector company: Business (Operations), Enterprise (Compliance) and Governance (Audit) within a transparent ecosystem.

MortgageQuote Canada Corp. is the only company in Canada's finance sector, whose risk-based integrated Quality Management System technology is built on Standards that are both: recognized by 119 countries, including the Canadian Federal Government and all finance sector regulators; and certified thereto, by an Accredited Certification Body: "to safeguard consumers and users of [financial] products and services ..."

At MortgageQuote Canada Corp. "We do what we say and say what we do"; this approach "Makes Accounting, Banking, Finance & Investing Better"

How did MortgageQuote (MQCC) do to make this happen?

The answer to this requires disclosure of proprietary and patented pending information, which might require involvement of your professional legal, intellectual property and other advisors. Contact to learn more about "how" we did we what did.

MortgageQuote Canada Corp. (MQCC)
Leadership in the finance sector for an increasing global, interconnected and trust-dependent world.
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(c) 2017 MortgageQuote Canada Corp. All rights reserved.

Friday, 23 June 2017

Move over Paris and New York, "haute couture" comes to Finance! BESPOKE™ Brand, Custom Tailored Mortgage Instruments - Yes, this exists!


Did you know that there is a mortgage company that offers customized, "tailored" mortgage instruments, for borrowers and investors, alike?

MortgageQuote's BESPOKE™ brand of mortgage products is a suite of customized mortgage solutions that individually fit the needs of the borrower or the Private Equity Mortgage (PEM®) investor-lender.

Unlike "off the shelf" (non-tailored) mortgage solutions provided by general practice ("mainstream retail") mortgage lenders or general practice ("mainstream retail") licensed mortgage brokers, MortgageQuote's service are the "best" for those persons who seek a custom solution. 

Haute Couture, BESPOKE™ brand, Custom Tailored Mortgage Instruments, this is the Power of Equity®.

Visit to learn more. Or read further:

BESPOKETM brand, Custom Tailored Creative Mortgage Solutions



Mortgages and mortgage providers are no different from the clothing industry. There are varying grades and qualities. Indeed, the similarities are greater than you might think:


Mortgage Providers: Regulated Banks and Credit Unions - Traditional government regulated mortgage lenders are no different from Off the Rack clothiers; a mass manufactured, mass-marketed product designed for the various classes of individuals.  

Type of Mortgages: High Ratio (government backed or insured), first time home buyers, new immigrant, combination Mortgage-Credit Line-Credit facilities.


Mortgage Providers: Regulated Mortgage Investment Companies (MIC), Mortgage Syndicates - Lending institutions that are government regulated or securities commission regulated and have restrictions on how their investment capital is raised, mortgage funds are loaned and the asset content of their portfolio.

Type of Mortgages: Debt consolidation, no credit/poor credit, un-provable income

BESPOKETM: MortgageQuote's brand of made-to-order solution for providing specifically designed mortgages for people's unique situation.

Mortgage Providers: MortgageQuote Canada Corp. only. BESPOKE is a trademark of MortgageQuote Canada Corp.

Type of Mortgages: Custom

Unlike Off- the-Rack or Made-to-Measure, a MortgageQuote BESPOKETM mortgage solutions are provided by mortgage investor-lenders who are unregulated by the government and are unrestricted in how and where they loan their money. If a BESPOKE mortgage investor-lender wants to help someone by approving a mortgage, even if it is on future development swamp lands, or a for a person who inherited real estate but has bad credit and no income, the mortgage investor-lender is free to do so.

MortgageQuote BESPOKETM: Your Private Equity Mortgage SolutionTM, Made to Order.
Mortgagequote's BESPOKETM mortgages are created with the input of both the applicant and their mortgage advisor to ensure maximum customization. Just as with bespoke clothing, the BESPOKETM mortgage is not cheap but nothing compares to the power of having a quality finance solution that is tailored specifically for your credit requirements and financial objectives.

MortgageQuote's BESPOKETM mortgage solution: A premium solution consisting of high quality and custom fit; it's unapologetically good.

Private Equity Mortgages are very powerful because the sometimes afford a qualified applicant the opportunity to have a "custom made" mortgage solution.

Institutional lenders and non-authenticated private lenders simply CANNOT DO THIS.

- Don't pay a cent event type mortgages - where payments are not made on a Monthly basis
- Reversible mortgages (not a reverse mortgage)  - where we can change the terms of a mortgage to an earlier state
- Pay when YOU want - where a borrower makes non-traditional payments by way of schedule
- Pay HOW you want - payment by way of different forms of currency or asset class
- Refundable Lender Fees - our famous product, only available at MortgageQuote
- Convertible Mortgage Security - where we convert a mortgage instrument into an equity position

For more information, visit or contact

(c) 2017 MortgageQuote Canada Corp. All rights reserved.
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Canada - International

An ISO 9001:2015 Registered Company.

Wednesday, 21 June 2017

Before you contract with a licensed mortgage broker to arrange commercial real estate financing for your organization, read this.

Do you work for, or are in a Top Management role at an organization that requires financing for your real estate-based corporate, commercial or venture capital?

  • Are your current "go-to" institutional financiers (bankers, credit unions, trust companies) at their limit, to the level of financing they can provide you?
If your current institutional financiers are at their limit to the level of financing that they can provide you; or, they are not able to offer you financing of any kind, then your next step is to retain the services of a competent government licensed mortgage brokerage firm.

Why not just "shop" to another institutional lender, "on your own"? You don't want to "waste your time" seeking funds from another institutional lender because as of today (2017) institutional lender have Corporate Underwriting Standards that are nearly identical to one another. 

After all, all institutional lenders are regulated by the same government or regulatory body and as such, they look at all commercial mortgage applicants, and treat all mortgage applicants, nearly the same way. If one says something, there is a high degree of likelihood another will say the same thing.

What can you do? Where do go to get much needed development working capital?

Contract with a competent, government licensed mortgage brokerage firm, with experience in corporate-commercial-development financing!

How do you know you are dealing with a competent government licensed corporate-commercial-development financier? Here is a checklist:

(1) The simplest way is to see their website and get a sense if they even offer this service, and if they are confident to publish their offering in public setting.

(2) If they pass your website review, reach out to the candidate and ask them enough questions, so you are comfortable with contracting with them. 

(2.1) - what questions? Your own business experience should give you an idea of what questions to ask, however at MortgageQuote Canada Corp. (MQCC), our method of question when we are seeking to retain 3rd party vendors, is to focus on two sets of questions: Competency and Transaction Questions.

Competency questions enable MQCC to understand that the prospective individual or company have the level of expertise and experience we need.

Transaction questions enable MQCC to understand that the prospective individual or company have prior exposure to transactions similar to ours. 

A simple, non-exhaustive checklist of questions might include:

a) What are your fees?
b) Are there upfront fees payable to you - are they refundable or not?
c) If you find me a lender, are there upfront fees payable to the lender (ie: due diligence fees, refundable or not)?
d) We heard that some commercial lenders are in the business of charging "upfront" "due diligence fees" that are often "non-refundable", how do you know that the lender's you bring to us are not those types of lenders?
f) What is the time frame until funding?
g) If fees are payable at varies points along the time frame, what those fees, when are they payable and more importantly, why are they payable?
h) There are many "moving parts" to a commercial mortgage transaction; can you tell us what we should be expecting from start to finish?
i) What happens if the lender ends up saying "not", or does not give us what we want - then what do we do?
j) If we contract your firm, what do we get out of it? 
k) Is your government licensed mortgage brokerage firm's management system and business processes certified to regulatory recognized, National Standard to ensure that your commercial mortgage brokerage services will be delivered to us in statutory, regulatory and process compliant manner, so that we may sleep well at night? For, example, Certified to ISO 9001:2015?

Ensure you have satisfactory answers to the above questions, before you contract with a government licensed mortgage brokerage firm for your corporate-commercial-development needs.

For more information, contact:
To learn about MortgageQuote's Corporate-Commercial-Development financing services, visit;

(C) 2017 MortgageQuote Canada Corp. All Rights Reserved.  

Wednesday, 7 June 2017

Certified Levels of Quality in Accounting; Integration of ISO 9001:2015 with ISQC 1, ISA 220 (Revised) & NOCLAR

If you are a Professional Accountant, you already know the importance of Quality Management and Quality Control in Accounting.

There are two aspects where Quality Management & Quality Control affect accountants:

a) Internal Operations of an Accounting Firm

b) Internal Operations of the Accounting Firms Audit or Non-Audit Clients

The main standards developed by the International Federation of Accountants (IFAC), Independent Standard-Setting Boards, including The International Auditing and Assurance Standards Board IAASB and The International Ethics Standards Board for Accountants IESBA include:

  1. International Standard on Quality Control (ISQC 1), Quality Control for Firms That Perform Audits and Reviews of Financial Statements. (IAASB)
  2. International Standard on Auditing (ISA) 220 (Revised), Quality Control for an Audit of Financial Statements (IAASB)
  3. Responding to non-compliance with laws and regulations (NOCLAR) (IESBA)
NOCLAR, the most recent of the standards has great implications for accountants and the MortgageQuote (MQCC) integrated Quality Management System (iQMS™) because it affects the ability for professional accountants to work with clients whose Top Leadership govern themselves in a statutory and regulatory compliant manner.

The MQCC iQMS™ module for accounting firms ensures that a Professional Accountancy firm operates in effectively in accordance with ISQC 1 and ISA 220 (R); and the Professional Accountancy firm's Audit and Non-Audit clients function in an ecosystem that is designed to function within the NOCLAR framework.

Contact to learn more. or Visit: The global source for NOCLAR Framework and Certified Quality Management issues.

(C) 2017 MortgageQuote Canada Corp.

Friday, 5 May 2017

The Company You Keep: "For Whom the Certified Quality Management Bell Tolls":

"You are the company you keep". This and other phrases: "Birds of a feather flock together", have been spoke for centuries because they bear a certain truth.

Who else in Canada or the world is devoted to Certified Levels of Quality Management, in the Finance Sector?

In accordance with Clause 8.1 of the accreditation standard ISO/IEC 17021 (Reference to Certification and Use of Marks); certification bodies must make their directory of certified (to an International Organization for Standardization (ISO) or an International Electrotechnical Commission (IEC) Standard) clients available.

Here is a partial list of finance sector organizations Certified to ISO 9001:2008 or ISO 9001:2015:

  • Industrial and Commercial Bank of China (China) 

  • Bank of Canada (Canada)

  • Reserve Bank of India (India)

  • National Australia Bank Limited (Australia)

  • MortgageQuote Canada Corp. (Canada)

  • US Bancorp (USA)

  • PT. Bank Mandiri (Indonesia)

  • Allfunds Bank (UK/Spain)

Visit for additional names.

Certified Quality Management-in-Finance Association CQMFA.  


If you are the Quality Management Director or Quality Management Officer at one of these organizations (and are not already a member) please consider joining An international organization where members of the finance community who have Certified Quality Management Systems may get together and discuss matters-of-interest or share ideas.

If you trade in the finance sector (NAICS or Equivalent Code: 52 - Finance and insurance; NACE/ISIC/UKSIC: Section "K"  Financial and Insurance Activities) and have business operations that are certified to ISO 9001:2015, and do not appear on the public record (or the CQMFA website) pursuant to ISO/IEC 17021, let us know who you are. Please have your Quality Management Director or Quality Management Officer, Email us at

What is's vision?

To foster an international community of like-minded individuals in leadership positions of organizations in the finance sector, who have a passion for quality management. Learn more

Quality Management is an international phenomenon. A Certified level of Quality Management is the pinnacle that all Quality Managed organizations recognize.

 Everyone who sees quality knows what it looks like; quality knows no borders. It does not matter where you live, there are a small group of people who are dedicated to delivering a consistent, reliable, quality solution of whatever product or service they provide.

As a consumer, investor or stakeholder in the finance sector, you owe it to your self to seek, find and work with certified, quality managed professionals in the finance sector. And when you do, you will avoid "buyers remorse" and be able to "sleep well at night."

Contact to learn more
MortgageQuote Canada Corp. MQCC
Proud Sponsor of the Canadian Dream®

Tuesday, 14 March 2017

Certified Quality Management in Finance? It's All About Trust.

Are you looking for a trustworthy financial sector organization in Canada?

Look for the only one in Canada certified to ISO 9001:2015, namely, MortgageQuote Canada Corp.

Given MortgageQuote Canada Corp.'s status as Canada's only ISO 9001:2015 certified mortgage company, to the National Standard of Canada, which lets you, the Canadian consumer know that our company "does what it says and says what it does", the question of trust is answered. 

Don't just take our word for it. Certification provides the general public and stakeholders with prima facie, objective, third-party evidence supporting MortgageQuote's claims.

Visit to learn more or ask the Honorable Navdeep Bains, Minister of Innovation, Science and Economic Development Canada. His ministry oversee the various organizations that publish the National Standards of Canada.

To learn about Quality Management-in-Finance at an international level, visit

Sunday, 12 March 2017

How Anoop Bungay Pioneered Certified Levels of Quality Management in Finance: QualityGuard: The Finance Sector Safeguard System for Investors-Lenders & Borrowers

In 2006, the finance market was full of  money; everybody was making it. Homeowners, brokers, banker's, lender's insurers. No one cared if the party would stop. Indeed, the cynics knew that political concepts of "too big to fail" were real, and if something bad happened market-wise, governments would step in to help.

Many person's made money in the years leading up to the great financial crisis, and fewer person's made more money, in the years after the great financial crisis. Indeed, movies were made to celebrate those who profited from the pre-financial crisis years: namely, "Wolf of Wall Street" and post-financial crisis years: namely, "The Big Short".

Pre-2006, the founder of one company, MortgageQuote Canada Corp., had the foresight to start along the path to develop a business management system that would effect organization resilience during both good times and bad times. The system today, is trademark branded as the "iQMS: MortgageQuote Integrated, Risk-Based Quality Management System". Certifiably based upon the quality management principles and requirements of ISO 9001:2015; the National Standard for Quality Management in Canada, USA, UK, European Union, Australia and over 150 other countries.

To learn how Anoop Bungay, Founder of MortgageQuote Canada Corp. pioneered Pioneered Certified Levels of Quality Management in Finance visit:

The patent-pending, enterprise level iQMS is multi-faceted and among other benefits, safeguards MortgageQuote stakeholders alike, to ensure that real estate finance transactions function at the highest certified levels of quality: in a statutory, regulatory and process compliant manner.

One unique outcome of iQMS implementation is development of QualityGuard: The Finance Sector Safeguard System for Investors-Lenders & Borrowers.

What does QualityGuard do for stakeholders? QualityGuard effects less mistakes, errors, omissions and losses caused by non-compliance. Look at to learn more about what happens when bad things happen to finance sector organizations that fail to function at certified levels of statutory, regulatory and process compliance.

Let's face it, there is enough risk in life to trust your finances with a company that cannot even demonstrate certified levels of quality, when it comes to your finances.

MortgageQuote Canada Corp.: THE TRUSTED NAME IN FINANCE.