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Opus CMC Launches New Client Web Application, OpusPanorama For The Mortgage Industry

Stocks in this article: WIT

Opus Capital Markets Consultants LLC (Opus CMC), a leading provider of mortgage due diligence and a wholly owned subsidiary of Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting, and Business Process Services company, today announced it has launched OpusPanorama, a new client web application.

The application, compatible across devices, is designed to provide a superior user experience with easy navigation and functionality, allowing customers, such as mortgage banks, loan originators among others, a comprehensive view of their mortgage due diligence results.

Using OpusPanorama, clients can view the progress on any of their active engagements, capture a snapshot on the loan file progress through different underwriting stages, and zoom in to view the details of any particular loan. OpusPanorama also has a self-service, administrative capability that allows clients complete control over who can view their information.

“We are excited to introduce OpusPanorama and for what it will offer our clients, with a complete view of their engagements with Opus CMC. OpusPanorama provides overall relationship data as well as deal level and loan level insights during the due diligence process. Our clients can view their data at the office or on-the-go to ensure they have timely information,” said Jennifer LaBud, Principal, Opus CMC.

“OpusPanorama is a powerful new tool for our clients that shows our commitment to innovation, transparency and integrity in the due diligence process. We hope to increase collaboration with our clients through the implementation of this solution, drive higher levels of efficiency, and thereby provide tangible value to accelerate their mortgage business,” said Joe Andrea, Principal and Head- Business Development, Opus CMC.

"OpusPanorama was built with a highly-secure foundational architecture, designed to protect our clients' information. Coupled with its multi-platform capability, this tool will redefine how we engage with our clients, while delivering exceptional due diligence services that are the hallmark of our brand," added Pete Gedzyk, Managing Director, Strategic Planning and CIO, Opus CMC.

About Opus CMC

Opus Capital Markets Consultants, LLC is a specialized risk management and quality control service provider for a wide range of participants in the mortgage and consumer lending industry. Specialized services include due diligence, valuation, and advisory solutions. These services range from loan level re-underwriting to quality assurance support for operational risk assessments of counterparties and servicers. Opus CMC is the preferred industry choice based on quality, responsiveness and technology. Clients include banks, originators, investors, government institutions and mortgage insurers. Opus CMC is a wholly owned subsidiary of Wipro Ltd. For more information about OpusPanorama, visit www.opuscmc.com.

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients to do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Copyright Business Wire 2010

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