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Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
Mela Capital Group
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Mela Capital Group

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Overview of Mela Capital Group products and services

Overview of Mela Capital Group products and services

Published in: Business, Economy & Finance
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  • Florida Quality Council, BOD; International Association of Financial Crimes Investigators, Founding Member, Mortgage Fraud Task Force; Risk Management Association; Mortgage Bankers’ Association; Women’s Business Enterprise National Council; Perfect Home Living, 501 (c)3, BOD; Amiee’s Place, 501 (c)3 charitable foundation, BOD (not listed)
  • Transcript

    • 1. Mela Capital Group<br /> Mitigating Mortgage Risk<br />
    • 2. www.MelaCapitalGroup.com<br />Mortgage Quality Control<br /> Mela Capital Group<br />Experience. The MCG difference! <br />
    • 3. Contents<br />www.MelaCapitalGroup.com<br />Industry Issues<br />Middle Market Needs<br />Auditing Solutions<br />
    • 4. Industry Impact<br />www.MelaCapitalGroup.com<br />Mortgage Providers<br /><ul><li>Changing regulatory environment
    • 5. Dodd Frank Act
    • 6. Fannie Mae enhanced LQI requirements
    • 7. HUD quality control requirements
    • 8. Repurchase demands
    • 9. Mortgage fraud epidemic
    • 10. Foreclosure crisis
    • 11. $130 Billion in Buybacks
    • 12. Assignment fraud
    • 13. Securitization class action litigation
    • 14. Third Party Originator oversight</li></li></ul><li>www.MelaCapitalGroup.com<br /> Industry Impact<br />$170 Billion in Buybacks<br />‘Underwriter malpractice’ Breaches of policy, Operational procedure failure, Insider collusion, Organized fraud, Ineffective underwriting guidelines, and Third party originator risk result in ‘repurchases’.<br />Loan Quality accountabilitywill remain in effect long after this crisis is behind us.<br />Securitization fraud subjects institutions handling mortgage loans to requirements of the Federal Fraud Enforcement and Recovery Act <br />
    • 15. www.MelaCapitalGroup.com<br /> Industry Impact<br />Assignment Fraud<br /><ul><li>Compliance before, during and after the funding process are critical to the future viability of today’s mortgage banker.
    • 16. Comprehensive policies and procedures are not enough to protect your firm. Knowledgeable staff, ongoing oversight and routine loan quality auditing are vital to institutional health and longevity. </li></li></ul><li>www.MelaCapitalGroup.com<br /> Industry Impact <br />Securitization Class Action Litigation<br /><ul><li>Today exposure to risk is greater than ever before. Risk management must be assessed institutionally from originations through securitizations. Operational procedural deficiencies are the catalyst for the mortgage meltdown.
    • 17. Insider whistle-blowing suits, Mortgage Insurance claims disputes, Shareholder complaints and foreclosure defense firms have reached epidemic proportions. Billions of dollars are being spent annually on loan quality defense as case law is handed down weekly against the industry.</li></li></ul><li>www.MelaCapitalGroup.com<br /> Industry Impact<br />Third Party Originator oversight<br /><ul><li>The FBI confirms independent industry findings: </li></ul>“Over 80% of mortgage fraud is conducted by <br /> industry insiders.”<br /><ul><li>Agencies and courts are holding Lenders accountable for their affiliate relationships. You cannot afford to be caught off guard by industry insiders colluding to defraud your firm.</li></li></ul><li>www.MelaCapitalGroup.com<br /> Industry Impact<br />Middle Market futures bright!<br /><ul><li>The needs of middle-market Mortgage Bankers are unique.
    • 18. Unlike their larger counterparts, credit unions and regional banks’ access to credit quality resources and reserves for legal resources and repurchases may not be as robust.
    • 19. On the other hand, mid-market mortgage providers have more control over policy development and procedural enforcement than larger institutions, and more control often leads to better bottom-line performance.</li></li></ul><li>Industry Impact<br />1<br />2<br />3<br /><ul><li>Maximum return on your Quality Control investment
    • 20. Expedient turnaround times
    • 21. *Management reporting in ‘plain English’
    • 22. Secure, expedient paperless platform
    • 23. Repurchase and loss mitigation support
    • 24. Customized quality control processes
    • 25. Optional audit cycles
    • 26. Agency site audit preparation
    • 27. Regulatory and compliance training and support</li></ul>www.MelaCapitalGroup.com<br />
    • 28. www.melacapitalgroup.com<br />MCG Strategy <br />MCG<br />Mortgage<br />Banking<br /><ul><li>Dodd Frank ACT
    • 29. Safe ACT
    • 30. FFREA
    • 31. USPAP
    • 32. SEC</li></ul>Legal<br />Industry<br /><ul><li>MBS
    • 33. Mortgage Insurance
    • 34. Warehouse lenders
    • 35. Originators
    • 36. Appraisal
    • 37. Title Agents
    • 38. Realtors</li></ul>Regulatory<br />Legal<br />Advisory<br />Consumer Protection<br />
    • 39. www.MelaCapitalGroup.com<br /> The MCG Way<br />Experience<br />Automation<br />Oversight<br />MCG works with the leading mortgage industry technology innovators to develop and implement the most comprehensive data verification tools available.<br />MCG auditors are industry-leading, experienced, manual due-diligence underwriters who receive on-going, advanced loan quality and fraud identification training. <br />MCG institutes a layered oversight process of quality control checks and balances byseasoned mortgage industry management to measure procedural effectiveness.<br />
    • 40. Loss Mitigation<br />Reunderwriting<br />Postfunding QC<br />Prefunding QC<br />www.melacapitalgroup.com<br />Manage Operational Risk<br />Address operational issues<br />Oversee policy enforcement<br />Identify opportunities<br />Manage risk<br />
    • 41. www.melacapitalgroup.com<br />Experience<br />$10 billion loans audited<br />Unparalleled<br />Experience + Exceptional Staffing = <br />World Class Quality<br />Manual Quality Control Underwriters<br />Industry Regulatory Participation<br />
    • 42. MCG Support<br />Quality Control<br />Auditing<br />www.melacapitalgroup.com<br />Operational Risk<br />Assessment<br />QC Policy &amp; Procedure<br />development<br />Risk Management<br />Management Reporting,<br />Training<br />
    • 43. MCG Process<br />www.melacapitalgroup.com<br />Compliance<br />Fraud Mitigation<br />Loan<br />File<br />Income, Assets, Employment<br />Valuation<br />Occupancy<br />Credit<br />
    • 44. MCG Partners<br />IAFCI<br />FQC<br />RMA<br />MCG<br />PHL<br />MBA<br />WBENC<br />www.melacapitalgroup.com<br />Knowledge<br />
    • 45. www.melacapitalgroup.com<br /> MCG Platform<br />Paperless<br />SAS 70/CICA 5970 compliant<br />Redundant <br />data security<br />
    • 46. www.melacapitalgroup.com<br />Our Clients<br />Law<br />Firms<br />Banks,<br />Credit Unions<br />Law <br />Enforcement<br />Consumer<br />Agencies<br />Full service suite of mortgage risk mitigation and quality assurance products and services to meet your deliverable requirements, audit standards and servicing loss mitigation needs.<br />Mortgage Insurance claims reviews * Mortgage loan level auditing * Forensic document examination * Expert witness reporting and testimony * Forensic financial investigations * Staff training.<br />Mortgage fraud investigations and forensic fraud audit training and support * Expert witness services including underwriting malpractice, valuation, and compliance * Expert public speaker, author<br />Consumer financial education * Mortgage industry training * Legislative action advisory * Policy development * Expert public speaker, author<br />
    • 47. www.melacapitalgroup.com<br /> Quality Control Services<br />QC Planning<br />Agency approved QC Planning<br />Third Party Originator oversight<br />Policy and Procedure development<br />Operational efficiency testing<br />Loss mitigation strategy<br />Training<br />Summary reporting<br />Regulatory updates<br />On-site staff training<br />Web-based staff training<br />Agency, HUD, OCC audit preparation<br />Mortgage fraud mitigation training<br />QC Auditing<br />Prefunding QC auditing<br />Postfunding QC auditing<br />FNMA LQI compliance<br />HUD compliance<br />Loan quality sampling<br />Repurchase auditing<br />Mortgage fraud auditing<br />
    • 48. www.melacapitalgroup.com<br />HUD<br />Compliance<br />Mortgage <br />Fraud<br />FNMA<br />LQI Compliance<br />Litigation<br />Support<br />SEC Violations<br /> Forensic Auditing<br />
    • 49. www.melacapitalgroup.com<br />360 Quality Assurance<br />Audit <br />Support<br />Custom Training<br />Loan Level QC<br />Operational Excellence<br />TPO<br />Oversight<br />
    • 50. Mela Capital Group<br />www.MelaCapitalGroup.com<br />Phone: 866-382-7566<br />Fax: 866-733-7992<br />Email: info@melacapitalgroup.com<br />Experience. The MCG difference!<br />Thank You !<br />

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