We are all confused about what role a private lender plays, so here is a quick and dirty explanation.
Unlike prime lenders (ex. big national and regional banks like Chase) that underwrite both the borrower's ability to repay the loan and the collateral (ex. real estate), private lenders make lending decisions based on the collateral.
NMLS does not regulate private lenders. Private lenders are not affiliated with private organizations like the American Association Of Private Lenders, and they all have different risk tolerance.
Your job as the borrower is to satisfy the lender/underwriter to fund your deal.
Private lenders want to fund deals because they want to put their capital to work. They are in the business of LENDING money BUT, borrowers have to play by their rules.
Otherwise, you can find Chase on the NMLS website BUT good luck funding your deal with them!
