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

 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' Servicing Oversight Solutions are available to banks, servicers and mortgage investors and can be customized to address specific operational or portfolio concerns. The solutions include a one-time operational assessment as well as an ongoing quarterly or monthly loan level review.

Opus CMC's servicer operational assessment includes a thorough review of the servicing operation including processes, policies, management, risk controls, systems, reporting and regulatory compliance. Opus CMC's ongoing reviews offer a more detailed look at the portfolio and loan level practices such as quality control, data integrity, loss mitigation activities, timelines, cash management, investor reporting and call monitoring.

Opus CMC's seasoned servicing group provides clients with a detailed report on the servicing operations performance across the various areas of interest (AOI). The report also proactively identifies areas of potential concern and provides critical insights that enable the client to make informed business decisions.

Keyur Maniar, Vice President & Head – Mortgage Solutions, Wipro Limited, said, "Our expansion in mortgage servicing oversight is a natural progression of our mortgage due diligence business. We were able to leverage Opus CMC's management capability and experience in compliance expertise, knowledgeable staff and product development capabilities to design a robust oversight solution that will allow servicers to operate with confidence."

"In the current environment, the implications of improper loan servicing practices are far reaching," said Jennifer LaBud, Chief Operations Officer, Opus CMC LLC. "Ensuring top-notch servicing performance means greater operating yields, fewer fines as a result of audits and increased returns for investors. Opus CMC’s servicing oversight solutions are designed to help you identify and remediate servicing defects that could otherwise result in drastic impact on the business."

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, securitization, origination quality control, valuation, servicing 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 business process services 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.”  By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 160,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com

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