Mela Capital Group Expands Forensic Valuation Division

Submitted by: Mela Capital Group Posted: November 15, 2010 FORT LAUDERDALE, FL, /CSRwire/ -Mela Capital Group today announced the addition of John Ferguson, CREA as Valuation Expert.
By: Cindi Dixon, CEO
 
Nov. 17, 2010 - PRLog -- FORT LAUDERDALE, FL, /CSRwire/ -Mela Capital Group today announced the addition of John Ferguson, CREA as Valuation Expert. In this new role as collateral expert, John will oversee various Residential Appraisal related functions for MCG.  

John Ferguson, is a General Certified Real Estate Appraiser with over 25 years experience in the real estate valuation industry.  He owns Ferguson Appraisal Consulting, Yuba County, CA, which is a commercial agricultural and residential appraisal firm experienced in Sarbane Oxley cases, class action expert witness testimony for the SEC and various Attorneys, including HVCC contributions for the NY AG.  He has contributed to the regulators FDIC, OTS, OCC on appraisal issues.   His areas of expertise include BPO and appraisal reconciliation, fraud detection, post close forensic reviews, loss mitigation, origination fraud detection, and Fannie Mae, Freddie Mac compliance.  John has consulted on bank compliance including SAR reporting, AVM use, Frank Dodd bill rules and implementation, and USPAP on mandatory state board reporting for appraiser violations and mortgage fraud actions. He is a sought after national appraisal industry speaker, appears as a subject matter expert in national news articles including San Francisco Chronicle, Sacramento Bee, MSNBC news, and contributed to the book on the financial crisis entitled All the Devils are Here by noted author Bethany Mclean.  In his previous role as the Asset Manager for the Federal Home Loan Bank of San Francisco he oversaw valuation issues for middle market lenders, Credit Unions, and small Community Financial Institutions.  


About Mela Capital Group

Mela Capital Group is a nationally recognized mortgage quality control and risk management firm. Founded in 2005, MCG has audited over $10 Billion in high risk mortgage loans for private industry, the legal community and law enforcement. Cindi Dixon, CEO, is a leading industry expert in mortgage and securities fraud investigation, operational risk and underwriting procedure.  MCG is a mortgage quality control due diligence firm who has assisted US Customs, ICE, the FBI, the US Postal Inspector General and other agencies in unraveling complex criminal schemes involving mortgage fraud.
MCG provides pre and post-purchase quality control due diligence, underwriting and forensic mortgage audits utilizing a paperless green, industry-leading security platform and the most experienced manual quality control team averaging over 15 years of hands-on underwriting.  Our clients include mortgage bankers, credit unions, servicers, law firms, mortgage insurance companies, law enforcement and banking clients.

For more information, please contact:
Cindi Dixon, CEO Phone: 866-382-7566

For more from this organization:
www.MelaCapitalGroup.com

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MCG has audited over $10 Billion dollars of mortgage loans, provides mortgage quality control, due diligence underwriting and forensic financial auditing and expert witness services for Lenders, Attorneys and Law Enforcement throughout the U.S.
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