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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
      Mitigating Mortgage Risk
    • 2. www.MelaCapitalGroup.com
      Mortgage Quality Control
      Mela Capital Group
      Experience. The MCG difference!
    • 3. Contents
      www.MelaCapitalGroup.com
      Industry Issues
      Middle Market Needs
      Auditing Solutions
    • 4. Industry Impact
      www.MelaCapitalGroup.com
      Mortgage Providers
      • 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
    • www.MelaCapitalGroup.com
      Industry Impact
      $170 Billion in Buybacks
      ‘Underwriter malpractice’ Breaches of policy, Operational procedure failure, Insider collusion, Organized fraud, Ineffective underwriting guidelines, and Third party originator risk result in ‘repurchases’.
      Loan Quality accountabilitywill remain in effect long after this crisis is behind us.
      Securitization fraud subjects institutions handling mortgage loans to requirements of the Federal Fraud Enforcement and Recovery Act
    • 15. www.MelaCapitalGroup.com
      Industry Impact
      Assignment Fraud
      • 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.
    • www.MelaCapitalGroup.com
      Industry Impact
      Securitization Class Action Litigation
      • 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.
    • www.MelaCapitalGroup.com
      Industry Impact
      Third Party Originator oversight
      • The FBI confirms independent industry findings:
      “Over 80% of mortgage fraud is conducted by
      industry insiders.”
      • 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.
    • www.MelaCapitalGroup.com
      Industry Impact
      Middle Market futures bright!
      • 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.
    • Industry Impact
      1
      2
      3
      • 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
      www.MelaCapitalGroup.com
    • 28. www.melacapitalgroup.com
      MCG Strategy
      MCG
      Mortgage
      Banking
      Legal
      Industry
      Regulatory
      Legal
      Advisory
      Consumer Protection
    • 39. www.MelaCapitalGroup.com
      The MCG Way
      Experience
      Automation
      Oversight
      MCG works with the leading mortgage industry technology innovators to develop and implement the most comprehensive data verification tools available.
      MCG auditors are industry-leading, experienced, manual due-diligence underwriters who receive on-going, advanced loan quality and fraud identification training.
      MCG institutes a layered oversight process of quality control checks and balances byseasoned mortgage industry management to measure procedural effectiveness.
    • 40. Loss Mitigation
      Reunderwriting
      Postfunding QC
      Prefunding QC
      www.melacapitalgroup.com
      Manage Operational Risk
      Address operational issues
      Oversee policy enforcement
      Identify opportunities
      Manage risk
    • 41. www.melacapitalgroup.com
      Experience
      $10 billion loans audited
      Unparalleled
      Experience + Exceptional Staffing =
      World Class Quality
      Manual Quality Control Underwriters
      Industry Regulatory Participation
    • 42. MCG Support
      Quality Control
      Auditing
      www.melacapitalgroup.com
      Operational Risk
      Assessment
      QC Policy & Procedure
      development
      Risk Management
      Management Reporting,
      Training
    • 43. MCG Process
      www.melacapitalgroup.com
      Compliance
      Fraud Mitigation
      Loan
      File
      Income, Assets, Employment
      Valuation
      Occupancy
      Credit
    • 44. MCG Partners
      IAFCI
      FQC
      RMA
      MCG
      PHL
      MBA
      WBENC
      www.melacapitalgroup.com
      Knowledge
    • 45. www.melacapitalgroup.com
      MCG Platform
      Paperless
      SAS 70/CICA 5970 compliant
      Redundant
      data security
    • 46. www.melacapitalgroup.com
      Our Clients
      Law
      Firms
      Banks,
      Credit Unions
      Law
      Enforcement
      Consumer
      Agencies
      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.
      Mortgage Insurance claims reviews * Mortgage loan level auditing * Forensic document examination * Expert witness reporting and testimony * Forensic financial investigations * Staff training.
      Mortgage fraud investigations and forensic fraud audit training and support * Expert witness services including underwriting malpractice, valuation, and compliance * Expert public speaker, author
      Consumer financial education * Mortgage industry training * Legislative action advisory * Policy development * Expert public speaker, author
    • 47. www.melacapitalgroup.com
      Quality Control Services
      QC Planning
      Agency approved QC Planning
      Third Party Originator oversight
      Policy and Procedure development
      Operational efficiency testing
      Loss mitigation strategy
      Training
      Summary reporting
      Regulatory updates
      On-site staff training
      Web-based staff training
      Agency, HUD, OCC audit preparation
      Mortgage fraud mitigation training
      QC Auditing
      Prefunding QC auditing
      Postfunding QC auditing
      FNMA LQI compliance
      HUD compliance
      Loan quality sampling
      Repurchase auditing
      Mortgage fraud auditing
    • 48. www.melacapitalgroup.com
      HUD
      Compliance
      Mortgage
      Fraud
      FNMA
      LQI Compliance
      Litigation
      Support
      SEC Violations
      Forensic Auditing
    • 49. www.melacapitalgroup.com
      360 Quality Assurance
      Audit
      Support
      Custom Training
      Loan Level QC
      Operational Excellence
      TPO
      Oversight
    • 50. Mela Capital Group
      www.MelaCapitalGroup.com
      Phone: 866-382-7566
      Fax: 866-733-7992
      Email: info@melacapitalgroup.com
      Experience. The MCG difference!
      Thank You !

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