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Planning for Long-Term Survival Through Strategic Outsourcing

October 2019

Featured October 21, 2019 in MBA NEWSLINK | Authored By Pete Butler, Executive Managing Director and Business Unit Head for Wipro Mortgage Digital Operations & Platforms/Opus Capital Markets, LLC. Mortgage rates continue to bounce around, and we are seeing some uncharted territory in the discussion, relative to negative interest rates. The movement in rates has caused recent mini refi booms, straining resources with lenders, while also seeing changes in home values in pockets acr[...]

Pete Butler is MortageOrb's Person of The Week!

October 2019

MortgageOrb Person of the Week: 10/7/19 Pete Butler, Executive Managing Director at Opus Capital Markets Consultants, LLC PERSON OF THE WEEK: Outsourcing is nothing new to the mortgage industry, but as the business landscape changes for originators and servicers, so, too, does the rationale for outsourcing certain functions. To get a fresh perspective on what lenders and servicers should consider when making this sometimes difficult business decision, MortgageOrb recently [...]

Wipro positioned as a Leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2019 Vendor Assessment

September 2019

East Brunswick, New Jersey, USA and Bangalore, India September 06, 2019: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2019 Vendor Assessment (Doc # US44514819). The report highlights Wipro’s strengths in providing high-touch customer service for its Artificial Intelligenc[...]

Wipro, Google Cloud expand partnership to accelerate digital transformation for enterprises

August 2019

East Brunswick, New Jersey, USA and Bangalore, India August 29, 2019: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the expansion of its strategic partnership with Google Cloud to accelerate cloud adoption and digital transformation for global enterprises. By collaborating with Google Cloud, Wipro will catalyse innovation for enterprises in industry verticals such as consumer goo[...]

Wipro Launches Pivotal Software Center in Dallas

June 2019

Date: June 20, 2019 Dallas, Texas, USA and Bangalore, India Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, and Pivotal Software, Inc. (NYSE: PVTL), a leading cloud-native platform provider, announced today the official opening of the Pivotal Center of Excellence at Wipro’s Dallas office, to accelerate the innovation and digital transformation capabilities offered to joint customers. Wipro wil[...]

Wipro Gallagher Releases NetOxygen Launchpad 3.0

June 2019

Date: June 20, 2019 Franklin, Tennessee – Wipro Gallagher Solutions (WGS), a Wipro Limited company and a leading provider of loan origination software solutions, today announced the release of the latest update of NetOxygen Launchpad, a state-of-the-art consumer point-of-sale (POS) portal delivering true digital experience and enhanced consumer engagement, across channels, throughout the loan cycle, including the post loan submission process. Wipro Gallagher Solutions’ NetOxygen Launchpa[...]

Wipro Opens State-of-the-Art Digital/Technology Center in Minneapolis

June 2019

Date: June 13, 2019 Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it will be opening a new center of excellence for clients in the Minneapolis-St. Paul region in USA. Wipro and client teams will collaborate on digital solutions, with a focus on financial technology, and will add 100 local jobs over the next two years to its already substantial presence in the Twin Cities. As [...]

Wipro Becomes One of the First Companies Globally to Achieve Maturity Level 5 in CMMI V2.0 Development View

March 2019

Bangalore, India – March 18, 2019: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been appraised at Maturity Level 5 in the CMMI V2.0 Development View. Wipro is one of the first organizations in the world to be assessed at the highest capability Maturity Level of this new CMMI process framework. This appraisal validates Wipro’s process capabilities and dem[...]

Wipro Launches Artificial Intelligence and Machine Learning Solutions Powered by Amazon Web Services

March 2019

East Brunswick, New Jersey, USA and Bangalore, India – March 15, 2019: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the availability of its Artificial Intelligence (AI) and Machine Learning (ML) solutions on Amazon Web Services (AWS). Wipro’s AI-enabled, on-demand solutions on AWS will govern critical supply chain processes, and drive enhanced operational efficiency, p[...]

Opus CMC Selects ComplianceEase’s Flagship Compliance Solution

January 2019

Leading Third-Party Review Firm Will Use ComplianceAnalyzer to Test for Compliance in Underwriting and RMBS Issuance Burlingame, Calif. – January 29, 2019 – ComplianceEase® today announced that Opus Capital Markets Consultants, LLC (Opus CMC), a leading provider of mortgage due diligence and a wholly-owned subsidiary of Wipro Limited (NYSE:WIT), a leading global information technology, consulting and business process services company, has selected ComplianceAnalyzer® with TRID M[...]

Wipro Rated a Leader in Digital Transformation in ITSMA Report

January 2019

Report uncovers high regard for Wipro among enterprise executives embarking on transformation journeys. East Brunswick, New Jersey and Bangalore, India – January 23, 2019 Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, has been rated highly as an enabler of digital transformation by executives from top global enterprises surveyed in a recent ITSMA report. Wipro was rated ‘Stro[...]

Wipro Ranked Third Fastest Growing Global IT Services Brand in 2019

January 2019

Among the top 10 most valuable brands in the sector! Bangalore, India – January 23, 2019: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, has been ranked the third fastest growing global IT services brand in 2019 in a study conducted by Brand Finance, the world’s leading brand valuation firm. Wipro is also among the top 10 most valuable brands in the global IT services sector.[...]

Wipro Positioned as a Leader in Everest Group PEAK MatrixTM for Application Services in Capital Markets

December 2018

East Brunswick, New Jersey, USA and Bangalore, India – December 14, 2018: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in Everest Group’s recent report on Application Services in Capital Markets – Services PEAK Matrix™ Assessment 2019: Data, Cloud and Platform Investments to Fuel Innovation and Optimize Costs. Everest Group evalua[...]

Wipro Achieves ‘Cloud Elite’ status in Oracle PartnerNetwork Cloud Program

December 2018

East Brunswick, New Jersey, USA and Bangalore, India, December 12, 2018 - Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has achieved the ‘Cloud Elite’ status in the Oracle PartnerNetwork (OPN) Cloud Program. The Oracle Cloud Elite status is conferred upon highly skilled Oracle partners who have managed multiple cloud implementations for clients across the globe in th[...]

Wipro Launches Automotive Innovation Center in Detroit, Michigan

December 2018

Detroit, Michigan, USA and Bangalore, India, December 11, 2018: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced the launch of an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro’s relationship with Detroit’s automotive community, develop and showcase next-generation technologies and solutions for automotive Original Equip[...]

Wipro Recognized as a Leader in Digital Process Automation by Independent Research Firm

November 2018

Receives highest possible score in expertise & certifications and process technology partnerships criteria Bangalore, India – November 29, 2018: Wipro Digital, the digital business unit of Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been named a "Leader" by global research and advisory firm Forrester Research Inc. in its report, ‘The Forrester Wave™: Digital [...]

Wipro Gallagher Solutions Offers New Functionality To Enable Wipro Users to Audit Interest Calculations with Ease

July 2018

Bangalore, India, Franklin, Tenn., and Burlingame, Calif., USA – July 25, 2018: Wipro Gallagher Solutions (WGS), a Wipro Limited company and a leading provider of loan origination software solutions, and ComplianceEase®, the nation’s leading provider of automated compliance solutions to the financial services industry, today announced that they have enhanced the integration between ComplianceAnalyzer® and Wipro Gallagher Solutions’ NetOxygen loan origination system (LOS). This allows [...]

Wipro and Alight Solutions Announce Strategic Partnership

July 2018

Bangalore, India and Lincolnshire, Illinois, USA – July 20, 2018: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading information technology, consulting and business process services company, and Alight Solutions, a leader in technology-enabled health, wealth, HR and finance solutions, today announced a long-term relationship which will reshape the HR services industry by providing Alight’s clients with the breadth and depth of capabilities from the two industry-leading organi[...]

Wipro Positioned in HfS Blueprint Report’s ‘Winners Circle’ for Mortgage Services

September 2016

Recognized for excellence in innovation and execution                                                                                          Bangalore, India and East Brunswick, New Jersey, USA [...]

Opus CMC Launches Servicing Oversight Solutions to Arm Servicers with Transformative Intelligence Relating to Operational Risk

February 2016

 Lincolnshire, IL. – Feb. 3, 2016 - Opus Capital Markets Consultants, LLC (Opus CMC), a Wipro Limited company, announced today that is has launched its Servicing Oversight Solutions, which will identify operational and loan level risks present within a residential mortgage servicing operation. Opus CMC's servicing solutions come at a time when mortgage servicers face regulatory pressures, ever-increasing requirements of GSEs and investors, and much higher operating costs. Opus' Servici[...]

Opus CMC’s Jennifer LaBud Recognized by HousingWire and Mortgage Professional America as Outstanding Female Leader in the Housing Industry

August 2015

Lincolnshire, Ill. –August 25, 2015 – Opus Capital Markets Consultants, LLC (Opus CMC), a Wipro Limited company, announced COO Jennifer LaBud has been named to HousingWire magazine's list of 2015 Influential Women in Housing and Mortgage Professional America (MPA) magazine's list of Elite Women in Mortgage, respectively. HousingWire’s 2015 Influential Women in Housing program recognizes outstanding efforts of women driving the U.S. hous[...]

Opus CMC Successfully Completes Annual SSAE 16 Examination of its Production Facilities and Data Center

July 2015

Lincolnshire, Ill. –July 14, 2015 – Opus Capital Markets Consultants, LLC (Opus CMC), a Wipro Limited company, announced today that it has successfully achieved Statement on Standards for Attestation Engagement (SSAE 16) for its four production facilities and Data Center. The issuance demonstrates Opus CMC’s commitment to ensuring comprehensive security controls. SSAE 16 is an attestation standard issued by the American Institute of Certified Public Accountants (AICPA) that reports on c[...]

Opus CMC Announces William Shuey as Director of Securitization - Executive Appointment to Underscore the Importance of Compliance in the New Securitization Market

February 2015

Feb. 2, 2015, Lincolnshire, IL – Opus Capital Markets Consultants, LLC (Opus CMC), a leader in mortgage due diligence and a wholly owned subsidiary of Wipro Limited (NYSE: WIT), a leading global information technology, consulting, and business process services company, today announced the appointment of William (Bill) Shuey as director of securitization. Shuey will be responsible for operational oversight of the securitization processes with a focus on assuring the delivery of[...]

Wipro-owned Opus CMC Appoints John Levonick as Chief Compliance Counsel

November 2014

Lincolnshire, IL – November 25, 2014 – Wipro-owned Opus Capital Markets Consultants, LLC (Opus CMC), a leading provider of mortgage due diligence today announced the appointment of John Levonick as Chief Compliance Counsel. Opus CMC is a wholly owned subsidiary of Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting, and business process services company. John brings to Opus a rich experience of advising mortgage industry participants on compliance, [...]

Opus CMC Launches New Client Web Application, OpusPanorama for the Mortgage Industry

July 2014

Bangalore, India and East Brunswick, NJ, USA - July 28, 2014:  Opus Capital Markets Consultants LLC (Opus CMC), a leading provider of mortgage due diligence and a wholly owned subsidiary of Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting, and Business Process Services company, today announced it has launched OpusPanorama, a new client web application. The application, compatible across multiple devices, is designed to provide a superior user ex[...]

Wipro Recognized as a Top 50 Mortgage Service Provider by Mortgage Technology Magazine

June 2014

Lincolnshire, IL - June 2014 - Opus Capital Markets Consultants LLC (Opus CMC), a leading provider of mortgage due diligence and a wholly owned subsidiary of Wipro Ltd, announced today that, Mortgage Technology Magazine has named Wipro Ltd as a Top 50 Mortgage Service Provider for the fourth consecutive year. The nominees were judged on four criteria: continued advancement of technology and services, viable revenue model and value proposition to customer[...]

Opus CMC Continues to Meet DBRS’ Rating Criteria for RMBS

April 2014

Lincolnshire, IL, USA - June 2014 - Opus Capital Markets Consultants, LLC announced that DBRS, an international full service credit rating agency, has again listed the firm as an accepted third-party due diligence provider for U.S. Residential Mortgage-Backed Securities (RMBS).  The independent evaluation of due diligence providers for RMBS transactions provides assurance to mortgage investors on the quality/risk analysis of the underlying as[...]

Wipro to Acquire Opus CMC, one of the Leading US Mortgage Due Diligence and Risk Management Service Providers

December 2013

Bangalore, India and Lincolnshire, Illinois, USA - December 2013 - Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it has signed a definitive agreement to acquire Opus CMC (Opus Capital Markets Consultants LLC), one of the leading US-based providers of mortgage due diligence and risk management services for a purchase consideration of USD 75 million that includes a[...]

Opus CMC Founding Member in Newly Formed SFIG

May 2013

Lincolnshire, IL - May 2013 - Opus Capital Markets Consultants, LLC (Opus CMC) is proud to announce its membership into the Structured Finance Industry Group (SFIG), a new, member-based, trade industry advocacy group focused on improving and strengthening the broader structured finance and securitization market. “Opus CMC’s focus has always been to provide customer-centric risk management solutions. Our membership and participation in Struc[...]

Opus CMC Successfully Completes Annual SSAE 16 Examination

June 2012

Lincolnshire, IL - June 2012 - Opus Capital Markets Consultants, LLC (Opus CMC) has successfully completed the SSAE 16 examination (Statement on Standards for Attestation Engagements) of its four production facilities: Lincolnshire, IL, Sussex, WI, Seattle, WA, and Fort Lauderdale, FL as well as its Data Center in Oak Brook, IL. The controls addressed in the SSAE 16 are those that an organization implements to prevent, or detect and/or correct, er[...]

Opus CMC’s Growth Continues; Opening of 5th National Production Center in Jacksonville, FL Set for May 2012

April 2012

Lincolnshire, IL - April 2010 - Opus Capital Markets Consultants, LLC (Opus CMC), an industry leader in mortgage due diligence, has recently announced the May 2012 opening of an underwriting facility in Jacksonville, Florida. With the addition of this office, Opus CMC now claims over 60,000 square feet of SSAE 16 audited office space to accommodate its ever expanding workforce. “Our continued growth is a testament to the body of work produced by our peop[...]

Opus International Increases Exposure

August 2010

Lincolnshire, IL - August 2010 - Opus International, the International affiliate of Opus CMC, established in 2008 to provide high quality due diligence services outside of the United States, has increased its International exposure to include the Asian Market with the recently completed operational servicing reviews throughout China and the Philippines. Prior International reviews have included Romania, Portugal, Spain, Greece and Poland. Opus Internationa[...]

Opus Capital Markets Consultants Announces Valuation Services Unit

June 2010

Lincolnshire, IL - June 2010 -  Opus Capital Markets Consultants has recently announced the expansion of its due diligence business to include valuation service offerings. The valuations group is currently staffed with 17 full time licensed appraisers operating in both the Sussex, WI underwriting facility, and in the corporate headquarters in Lincolnshire, IL. The group will be managed by Opus CMC’s Director of Valuation Services, Jeff Rauland, previously of Goldm[...]

Opus Capital Markets Consultants Approved by S&P for RMBS Due Diligence Services

November 2009

Lincolnshire, IL - November 2009 - Opus Capital Markets Consultants, LLC (Opus CMC) has been approved by Standard and Poor`s Rating Service as a third-party due diligence provider for Residential Mortgage Backed Securities transactions. The approval of third-party consultants involved in transactional risk management signifies an important step toward improved quality and transparency in Mortgage Backed Securities. “We have witnessed a shift in the way people view due [...]

Opus Capital Markets Consultants Expands Due Diligence Operations

July 2009

Lincolnshire, IL - July 2009 - Opus Capital Markets Consultants has recently announced the expansion of its corporate headquarters in Lincolnshire, IL. The company recently relocated to an 18,000 square foot operations facility to bring additional capacity to its centralized underwriting group. “With the additional space, we are well positioned to increase our market share as the MBS market continues to rebound,” says Jennifer LaBud, a Principal at Opus. Opus CM[...]

Opus Capital Markets Consultants Acquires MDMC Due Diligence Services Unit

June 2009

Lincolnshire, IL - June 2009 - Opus Capital Markets Consultants, LLC (Opus CMC) and Mortgage Data Management Company (MDMC) announced today the acquisition of the due diligence division of MDMC by Opus CMC. This integration combines two of the largest providers of due diligence services of this kind, and will increase the portfolio of services offered by Opus CMC. “MDMC has been a trusted partner of Opus CMC for years. In light of the changing industry, we have recogni[...]