Opus Capital Market Consultants, a provider of mortgage due diligence, announced that is has named John Levonick as the company’s new chief compliance counsel.
Levonick brings years of experience in consumer financial services regulatory compliance requirements and asset classes to Opus CMC, which is a wholly owned subsidiary of Wipro Limited (WIT).
“Regulatory compliance and risk management are the most important priorities for the mortgage finance industry today,” said Jennifer LaBud, chief operating officer of 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.”
Prior to joining Opus CMC, Levonick served as director of legal services for consumer financial services at Accenture. Earlier in his career, Levonick was chief legal and compliance officer for Mortgage Cadence. Levonick has also held roles such as chief legal officer, chief compliance counsel and regulatory counsel throughout his career.
“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 Joselph Andrea, chief sales officer for Opus CMS.
“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.”
Levonick said that he excited to join Opus CMC.
"I look forward to working with Opus CMC clients to assist in the quantification and qualification of consumer financial services compliance risk as driven by the many new regulatory requirements the entire industry faces, ultimately permitting the secondary markets to rebuild with confidence,” Levonick said.