Wipro-owned Opus CMC Appoints John Levonick as Chief Compliance Counsel
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, risk management and related legal matters. His expertise spans a wide array of consumer financial services regulatory compliance requirements and asset classes, including infrastructure related concerns, such as privacy, including TILA (Regulation Z), RESPA (Regulation X), FDCPA, UDAAP, FCRA/FACTA, ECOA (Regulation B), HMDA (Regulation C) and GLBA.
“Regulatory compliance and risk management are the most important priorities for the mortgage finance industry today. John’s wealth of experience in this area will add to our best-in-class compliance offerings, and add significant value for our clients as they look to mitigate risk and stay ahead of regulatory changes,” said Jennifer LaBud, Chief Operating Officer, Opus CMC.
With John’s background as Chief Legal Officer, Chief Compliance Officer, and Regulatory Counsel, and his knowledge of compliance and risk management as it applies to Originators, Servicers, Issuers and Capital Market Investors, he brings a unique perspective to Opus CMC clients. Prior to joining Opus CMC, he served as the Director of Legal Services – Consumer Financial Services at Accenture LLP, and was the Chief Legal and Compliance Officer at Mortgage Cadence LLC.
“John has vast knowledge and insights on the compliance and regulatory landscape and is very well known in the industry for his thought leadership. He has a strong understanding of our client’s needs and core objectives behind industry regulation in consumer lending, and we expect this to be a big value add to all our clients,” said Joseph Andrea, Chief Sales Officer, Opus CMC.
"I look forward to working with Opus CMC clients to assist in the quantification and qualification of consumer financial services compliance risk as driven by the many new regulatory requirements the entire industry faces, ultimately permitting the secondary markets to rebuild with confidence," said John Levonick, on his position as Chief Compliance Counsel, Opus CMC.
About Opus CMC
Opus Capital Markets Consultants, LLC is a specialized risk management and quality control service provider for a wide range of participants in the mortgage and consumer lending industry. Specialized services include due diligence, valuation, and advisory solutions. These services range from loan level re-underwriting to quality assurance support for operational risk assessments of counterparties and servicers. Opus CMC is the preferred industry choice based on quality, responsiveness and technology. Clients include banks, originators, investors, government institutions and mortgage insurers. Opus CMC is a wholly owned subsidiary of Wipro Ltd. For more information about Opus CMC, visit www.opuscmc.com.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
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