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

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.

, 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.