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Overview of Mela Capital Group products and services
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LOGO
Mela Capital Group Mitigating Mortgage Risk
www.MelaCapitalGroup.com
Mortgage Quality Control
Mela Capital Group
Experience. The MCG difference!
www.MelaCapitalGroup.com
Contents
Auditing Solutions
Middle Market Needs
Industry Issues
www.MelaCapitalGroup.com
Industry Impact
Foreclosure crisis
$130 Billion in Buybacks
Assignment fraud
Securitization class action litigation
Third Party Originator oversight
Mortgage Providers
Changing regulatory environment
Dodd Frank Act
Fannie Mae enhanced LQI requirements
HUD quality control requirements
Repurchase demands
Mortgage fraud epidemic
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 accountability will 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
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.
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.
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.
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.
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.
www.MelaCapitalGroup.com
Industry Impact
1
Maximum return on your Quality Control investment
Expedient turnaround times
*Management reporting in ‘plain English’
2
Secure, expedient paperless platform
Repurchase and loss mitigation support
Customized quality control processes
3
Optional audit cycles
Agency site audit preparation
Regulatory and compliance training and support
www.melacapitalgroup.com
MCG Strategy
Regulatory
Legal
Advisory
MortgageBanking
• Dodd Frank ACT
• Safe ACT• FFREA• USPAP
• SEC
LegalIndustry
• MBS• Mortgage
Insurance• Warehouse
lenders• Originators
• Appraisal• Title Agents
• Realtors
MCG
Consumer Protection
www.MelaCapitalGroup.com
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 by seasoned mortgage industry management to measure procedural effectiveness.
The MCG Way
Experience Automation Oversight
Loss Mitigation
Reunderwriting
Postfunding QC
Prefunding QC
www.melacapitalgroup.com
Manage Operational Risk
Address operational issues
Oversee policy enforcement
Identify opportunities
Manage risk
www.melacapitalgroup.com
Experience
$10 billion loans audited
Manual Quality Control Underwriters
Industry Regulatory Participation
UnparalleledExperience + Exceptional
Staffing = World Class Quality
www.melacapitalgroup.com
MCG Support
Risk Management
Management Reporting,Training
Quality ControlAuditing
QC Policy & Proceduredevelopment
Operational RiskAssessment
www.melacapitalgroup.com
MCG Process
LoanFile
ComplianceFraud Mitigation
Income, Assets, Employment
Credit
Valuation
Occupancy
www.melacapitalgroup.com
MCG Partners
RMA
IAFCI
MBA
MCG
FQC
WBENC
PHL
Knowledge
www.melacapitalgroup.com
MCG Platform
Redundant data security
SAS 70/CICA 5970 compliant
Paperless
www.melacapitalgroup.com
Our Clients
Banks,Credit Unions
LawFirms
Law Enforcement
ConsumerAgencies
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
www.melacapitalgroup.com
Quality Control Services
QC Auditing
Training
QC Planning
Agency approved QC Planning
Third Party Originator oversight
Policy and Procedure development
Operational efficiency testing
Loss mitigation strategy
Prefunding QC auditing
Postfunding QC auditing
FNMA LQI compliance
HUD compliance
Loan quality sampling
Repurchase auditing
Mortgage fraud auditing
Summary reporting
Regulatory updates
On-site staff training
Web-based staff training
Agency, HUD, OCC audit preparation
Mortgage fraud mitigation training
www.melacapitalgroup.com
FNMALQI Compliance
HUDCompliance
Mortgage Fraud
SEC Violations
LitigationSupport
Forensic Auditing
www.melacapitalgroup.com
360 Quality Assurance
Operational ExcellenceOperational Excellence
Loan Level QC
Custom Training
Audit Support
TPOOversight
LOGO
Mela Capital Groupwww.MelaCapitalGroup.com
Phone: 866-382-7566Fax: 866-733-7992
Email: [email protected]
Experience. The MCG difference!