Opus Capital Markets Consultants Now Using ComplianceEase

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Mortgage due diligence firm Opus Capital Markets Consultants is now using ComplianceEase to perform real-time, loan-level audits on loan pools that it reviews for aggregators, investors and residential mortgage-backed securities (RMBS) issuers.

ComplianceEase’s flagship platform, ComplianceAnalyzer, 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,” says Peter G. Butler, executive managing director, Opus CMC, in a release. “By enhancing our residential due diligence review services with ComplianceAnalyzer … 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,” adds 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% of third-party due diligence firms that meet rating agency standards for rated RMBS are ComplianceEase clients, the firm claims.

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