This new division integrates a cutting edge, green technology platform with the experience of over $8 billion in mortgage loan audits to bring enhanced, hands on process that meets all Fannie Mae enhanced Loan Quality Initiative and Agency Requirements.  

Associated Press

Miami, FL / June 6, 2010 / --  MCG LLC brings the auditing expertise of reviewing $8 billion in mortgage loan products along with 23 years of underwriting and credit risk management in the lending industry. 

Ms. Dixon states, "Today's industry specific issues are complex.  After many years of focus on speed and volume the climate of mortgage lending id reverting back to trusted standards of quality.  Traditional underwriting and quality control methodology combined with advances in data availability through new technologies and on-going training in forensic fraud mitigation allow for detailed loan level reviews that meet the quality requirements of all Agencies.  This is a classic example of old meeting new and creating something transformational."

These immediate changes in Fannie Mae's loan purchasing and quality initiatives is just the beginning.  The conversations happening at the federal level surrounding financial services and lending regulation are just getting started.  Freddie Mac and HUD, along with Fannie Mae are all in the midst of reworking their mortgage loan purchasing oversight.  Lenders will now be held accountable for the loans they fund.  Whether loans are retail (originated by the lender themselves) or purchased by third-party originators (mortgage brokers), the issues overlooked that led us into the mortgage crisis' we are in the mist of will have to be mitigated going forward.  No longer can loans be funded for the benefits of lender profit margins.  Best practices in quality and loans that are truly in the borrower's best interest are now the standard," said Dixon.

Technology and loan origination systems do not solely mitigate risk.  Experience, training and manual reviews and reverifications are the only tried and true way to ensure what you require is what you have.  Those of us who have been in the business long enough remember the days where this process worked.  Delinquencies were managed and remained at very low levels for all products. 

The Quality Control Underwriting and Third Party Originator Division for Mela Capital Group combines decades of experienced manual underwriting reviews with the most cutting edge technology solutions for a platform that conforms with all Agency requirements.  Utilizing a paperless, Green process developed by MCG, the quality control and underwriting services we offer will not meet but exceed all of the new standards. 

In addition, MCG continues to offer forensic mortgage fraud investigations, training and expert witness testimony ensuring mortgage fraud issues are mitigated and managed before problems occur.  "We believe in the old adage an ounce of prevention is worth a pound of cure," says Dixon.  "Look at the mess we are all in.  By integrating known standards and properly managing operational processes, we can make sure that this never happens to our industry again.  The world of economies rely on American mortgage products.  Our economy depends on us, as do our companies and our employees.  The decisions we make on each and every loan we touch has a far-reaching impact.  We have the opportunity to make a difference!"

Visit Mela Capital Group online at http://www.melacapitalgroup.com or call (954) 675-2319 to speak with a representative.

About Perfect Home Living 

Perfect Home Living is a nationally recognized non-profit leader that assists in implementing programs and providing training and education to financial lenders, government entities, banking regulators, consumers and licensed professionals to red flags within today's  real estate market.   For more information or to request assistance please visit us online at:  http://www.PerfectHomeLiving.com or email sheri@perfecthomeliving.com