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Wipro-owned Opus Capital Markets Consultants LLC, a provider of mortgage due diligence has announced the appointment of John Levonick as chief compliance counsel. Opus CMC is a wholly-owned subsidiary of Wipro Ltd., an 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," said Jennifer LaBud, chief operating officer for Opus CMC. "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."
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 director of legal services–consumer financial services at Accenture LLP, and was 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," said Joseph Andrea, chief sales officer at Opus CMC. "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."