Opus CMC Acquires MDMC Due Diligence Unit

apital Markets Consultants LLC (Opus CMC) has acquired the due diligence division of Mortgage Data Management Co. (MDMC). This integration will increase the portfolio of services offered by Opus CMC, the company says. ‘MDMC has been a trusted partner of Opus CMC for years," says Jennifer LaBud, co-founder of Opus CMC. "In light of the changing industry, we have recognized the importance of this partnership, and have chosen to make the complementary relationship a permanent one." MDMC will continue to function as a separate entity, 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. LaBud says the transaction will benefit 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," she comments. "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." SOURCES: Opus CM

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