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Press Release
Opus Capital Markets Consultants Acquires MDMC Due
Diligence Services Unit
(Chicago, IL) 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 recognized the importance of this partnership, and have chosen to make the
complimentary relationship a permanent one" says Jennifer LaBud, Co- Founder of
Opus CMC.
The due diligence division acquired by Opus CMC was formerly part of parent MDMC.
MDMC will continue to function as a separate entity, owned and operated by Kent
Loehrke and Doug Lackey, specializing in securitization analysis and the delivery
of mortgage assets to Fannie Mae, Freddie Mac, and Ginnie Mae. Opus CMC and MDMC
will continue to maintain a strategic partnership to allow for due diligence information
to flow directly to investors, increasing efficiency and allowing for increased
transparency in the secondary market. It also adds value for clients of both companies.
Ms. LaBud adds, "There are significant benefits for clients of both companies. Opus
CMC clients will have stronger access to data delivery systems and enhanced expertise
in fraud reviews and reverse mortgage products. MDMC clients will see increased
efficiency and access to more macro level consulting services, such as non- performing
asset reviews, operational analysis and experience in the international market."
Opus CMC has committed to a lease for MDMC's SAS 70 Type II audited facility.
Opus CMC, a certified Woman Owned Enterprise, was founded in 2005 and has since
expanded from providing loan level due diligence services to offering broader consulting
services such as counterparty operational reviews. They have also taken a proactive
approach to asset management in providing consulting services for non-performing
loans, including in-depth loan level reviews to identify the cause of delinquency,
review of loan servicers and servicing practices to ensure that non-performing assets
are being managed properly, and advisory in following new government programs and
industry best practices.
Doug Lackey, Principal of MDMC notes "We are very excited that MDMC's due diligence
business is joining forces with Opus CMC. Our companies have had a strategic partnership
for years, and we have a great mutual respect for each other. We believe that the
combination of our two firms' expertise, seasoned staff, and technology will add
great value for our clients." Mr. Lackey and Mr. Loehrke, co-founders of MDMC, will
both remain as members of Opus CMC's Board of Advisors.
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