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Opus CMC Selects ComplianceEase’s Flagship Compliance Solution

Leading Third-Party Review Firm Will Use ComplianceAnalyzer to Test for Compliance in Underwriting and RMBS Issuance

Burlingame, Calif. – January 29, 2019 – ComplianceEase® today announced that Opus Capital Markets Consultants, LLC (Opus CMC), a leading provider of mortgage due diligence and a wholly-owned subsidiary of Wipro Limited (NYSE:WIT), a leading global information technology, consulting and business process services company, has selected ComplianceAnalyzer® with TRID Monitor™ as its comprehensive compliance auditing solution.

Opus CMC will use ComplianceEase’s flagship platform, ComplianceAnalyzer, to perform real-time, loan-level audits on loan pools that it reviews for aggregators, investors and residential mortgage-backed securities (RMBS) issuers. The platform tests for all federal, state and municipal regulations, including TRID and QM, as well as federal and state high-cost and anti-predatory lending violations. The solution also audits for compliance guidelines set by the secondary market and government-sponsored enterprises.

“Opus CMC is committed to providing customer-centric risk management solutions to the financial services industry,” said Peter G. Butler, executive managing director, Opus CMC. “By enhancing our residential due diligence review services with ComplianceAnalyzer, a comprehensive compliance auditing solution for the mortgage industry, coupled with our proprietary rules, we are confident that we will be able to help our clients minimize compliance risk even more effectively and efficiently.”

“With mortgage volume expected to remain flat in 2019, many in the industry are beginning to look for ways to reduce costs—but compliance should not be on the chopping block,” said John Vong, president of ComplianceEase. “It speaks volumes about the importance of regulatory compliance, as well as the quality of our technology, that we have been selected by one of the premier due diligence firms tasked with reviewing the mortgage quality for sale and securitization transactions.”

Currently, more than 60 percent of third-party due diligence firms that meet rating agency standards for rated RMBS are ComplianceEase clients.

About ComplianceEase
Headquartered in the Silicon Valley, ComplianceEase®, a division of LogicEase Solutions Inc., is a leading provider of risk management solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer®, the mortgage industry's most adopted automated compliance solution with the most comprehensive TRID auditing. ComplianceEase combines regulatory expertise with innovative technology to power end-to-end risk management solutions that help financial institutions improve compliance controls and increase profitability. The company's growing client base includes financial institutions, service providers, law firms, GSEs, and three of the top five mortgage lenders in the U.S. ComplianceEase's automated compliance solutions have also been adopted as e-Exam tools by federal and state banking and mortgage regulators. For more information, visit ComplianceEase.com or call 1.866.212.3273.

Contact:
Bill Campbell
Campbell Lewis Communications
212.995.8057
bill@campbelllewis.com

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