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Page 1: Mela Capital Banking Ppt

LOGO

Mela Capital GroupMitigating Mortgage Risk

Page 2: Mela Capital Banking Ppt

www.MelaCapitalGroup.com

Mortgage Quality Control

Mela Capital Group

Experience. The MCG difference!

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Contents

Auditing Solutions

Middle Market Needs

Industry Issues

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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

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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

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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.

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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.

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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.

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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.

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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

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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

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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.

The MCG Way

Experience Automation Oversight

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Loss Mitigation

Reunderwriting

Postfunding QC

Prefunding QC

www.melacapitalgroup.com

Manage Operational Risk

Address operational issues

Oversee policy enforcement

Identify opportunities

Manage risk

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Experience

$10 billion loans audited

Manual Quality Control Underwriters

Industry Regulatory Participation

Unparalleled

Experience + Exceptional

Staffing =

World Class Quality

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MCG Support

Risk

ManagementManagement Reporting,

Training

Quality Control

Auditing

QC Policy & Procedure

development

Operational Risk

Assessment

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MCG Process

Loan

File

ComplianceFraud

Mitigation

Income, Assets,

Employment

Credit

Valuation

Occupancy

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MCG Partners

MCG

Knowledge

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MCG Platform

Redundant

data security

SAS 70/CICA 5970

compliant

Paperless

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Our Clients

Banks,

Credit UnionsLaw

Firms

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

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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

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FNMALQI Compliance

HUDCompliance

Mortgage Fraud

SEC Violations

LitigationSupport

Forensic Auditing

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360 Quality Assurance

Operational Excellence

Loan Level

QC

Custom

Training

Audit

SupportTPO

Oversight

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LOGO

Mela Capital Group

www.MelaCapitalGroup.com

Phone: 866-382-7566

Fax: 866-733-7992

Email: [email protected]

Experience. The MCG difference!