OPUS International is able to provide many of the same services that OPUS CMC provides to American clients including credit reviews, operational reviews, document verifications, data scrubs, fraud detection reviews and compliance reviews. In some countries, OPUS International can also provide temporary professional staffing to perform due diligence, and credit risk management. Opus combines American and local personnel to perform the work, providing a variety of perspectives on risk. OPUS International places great emphasis on the quality assurance process to ensure that clients obtain the best results possible.

For further information, visit http://www.opusinternational.net, or contact Jennifer LaBud at +1(224)632-1300.

The valuations group is currently staffed with 17 full time licensed appraisers operating in both the Sussex, WI underwriting facility, and in the corporate headquarters in Lincolnshire, IL. The group will be managed by Opus CMC’s Director of Valuation Services, Jeff Rauland, previously of Goldman Sachs. “Valuation Services have become increasingly important in recent years. Appraisals and other valuation products are simply not enough anymore. Secondary market participants want to have greater confidence in the true value of the underlying collateral, and they want to ensure they identify any red flags up front. Our highly qualified appraisal group can give them that confidence” says Jennifer LaBud, a Principal at Opus CMC.

Opus CMC has been focused on expansion and controlled growth since its acquisition of MDMC’s due diligence unit in 2009. “We have seen a need for due diligence services to evolve in light of the changing market. We have modified our business strategy to allow for greater capacity and more comprehensive consulting services. Our goal is to create a one-stop shop to cater to all aspects of due diligence, both loan level and operational” says Mrs. LaBud. Opus CMC has also recently expanded its operations to include an 18,000 square foot office space in Lincolnshire, IL, and satellite offices in Tampa and Fort Lauderdale, Florida. They have also recently expanded their International operations. Opus CMC is a certified Woman Owned Business in the state of Illinois, that offers due diligence consulting expertise to the mortgage backed securities market. For further information contact Jennifer LaBud at +1(224)632-1300.

“We have witnessed a shift in the way people view due diligence,” said Opus CMC Principal Jennifer LaBud. Issuers and investors alike now understand how valuable loan level and operational reviews can be in the risk mitigation process. The approval of due diligence providers for MBS transactions will give investors comfort that the collateral received adequate analysis.

Opus CMC provides operational and loan level consulting expertise to investment banks, hedge funds, originators, servicers and insurance providers both domestic and international. Using cutting edge technology and an experienced executive staff, Opus CMC has raised the standards for performance and quality in the mortgage due diligence marketplace.

With the acquisition of the due diligence unit of Mortgage Data Management Company (MDMC) in June, Opus CMC has positioned itself as an industry leader in mortgage services consulting. A certified woman-owned business and one of the most seasoned due diligence firms in the industry, Opus CMC has participated in more than 500 secondary market transactions, reviewing over $55 billion in
mortgage assets.

About Opus CMC

Opus CMC is a multi-service consulting firm specializing in advisory services and loan level due diligence for asset backed and mortgage backed securities transactions. Opus CMC also provides operational consulting for loan originators and servicers of all types of consumer debt. For more information, visit www.opuscmc.com or contact Joseph Andrea at (224) 632-1300 or joe@opuscmc.com.

Opus Capital Markets Consultants, LLC
Joseph Andrea, 224-632-1300
joe@opuscmc.com

Opus CMC also acquired MDMC’s due diligence operations in Sussex, WI, in 2009, and opened a satellite office in Tampa, Florida to support increased volume. “We have started to see movement in the market again, and due diligence reviews have taken on a more complicated form. We now see longer term projects, ranging from basic transactional due diligence to intensive forensic work, and many times the work include atypical loan products that were not part of the secondary market prior to the mortgage crisis. With our expanded space, Opus CMC is able to support more volume, but, perhaps more importantly, it allows for expanded training opportunities for our staff,” says Mrs. LaBud. The company notes that it continues to place significant emphasis on training to ensure that its underwriting staff is adequately prepared to handle detailed forensic reviews and atypical situations. Opus CMC has developed a state of the art training center in the new facility to support these efforts. “The changes in the industry have given us an opportunity for improvement. Underwriters are no longer just temporary contractors that work for multiple service providers; they are dedicated full time employees that deserve opportunities for growth and development. This is a trend that is not only positive for the company and its employees, but for the industry as a whole.”

Opus CMC is a certified Woman Owned Business in the state of Illinois, that offers due diligence consulting expertise to the mortgage backed securities market. For further information, visit http://www.opuscmc.com, or contact Jennifer LaBud at (224) 632-1300.

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 nonperforming 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.