Mela Capital Group, LLC Announces new Division of Forensic Financial Investigation and Reporting Legal Services

Online, February 28, 2010 (Newswire.com) - The new division integrates the sophisticated disciplines of financial and legal auditing and reporting. The division's responsibilities cover three broad areas: mortgage risk and compliance; fraud detection and mitigation; and foreclosure defense.

MCG, LLC brings the auditing expertise of reviewing $5 Billion in mortgage loan products along with 2o years of underwriting and credit risk management.

Ms. Dixon states "Industry specific issues can be difficult to detect. It takes an expert to identify the origins of these problems, or if they are in fact present. An MCG, LLC audit will identify originator or borrower fraud, underwriting or compliance errors, and if the errors were intentionally or negligently committed."

"This new division will enhance our capabilities and help identify developing risks and trends in the financial markets," said Dixon. "forensic auditing, reporting, and legal services in a single group, this new unit will foster a fresh approach to exchanging ideas and providing client expertise."

Dixon continued, "I am pleased our vast understanding of the complexities of the mortgage markets will be put to good use on behalf of clients as we launch this new division."
The crash of the mortgage and real estate markets have resulted in a new wave of mortgage fraud unlike anything experienced historically. These factors have transformed both capital markets and corporate governance. MCG, LLC uses an interdisciplinary approach that is informed by law and modern finance and compliance, as well as developments in real world products and practices on Wall Street and Main Street."

The new division will continue its affiliated relationships with the International Association of Financial Crimes Investigators, the Association of Certified Fraud Examiners and the Paralegal Association of Florida, and the Florida Quality Council, of which Ms. Dixon is a board member. These alliances, in addition to other key relationships established over the previous two decades in the industry, allow MCG, LLC to provide strategic and long-term market projections; identify new developments and trends in financial markets and systemic risk; make recommendations as to how these new developments and trends affect the legal and lending industries and provide training on new developments and trends and other matters.

"From high level, complex mortgage pool agreements, to lender guidelines utilized for a single mortgage loan approval, lending contracts can contain hundreds, if not thousands of pages, our experts provide a full range of audit support services. Our most frequent requests include document and appraisal fraud reviews, federal and state compliance testing, and mortgage pooling and sales agreement investigations. The services we provide our clients allow them to increase their efficiencies and reduce billing rates, while providing an extra layer of expertise in their legal or law enforcement investigation."

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Cindi Dixon, President, Mela Capital Group, LLC has overseen the auditing of over $5 Billion dollars of mortgage loan products, has created and enforced underwriting policy for over two decades, and continues to provide expert witness testimony and consumer advocacy training nationwide. Mela Capital Group provides forensic financial audits and reporting for Attorneys and law enforcement throughout the U.S.
MCG, LLC can be reached at [email protected], (954)-675-2319 www.melacapitalgroup.com