Wipro to Acquire Opus CMC

Wipro Ltd. has signed a definitive agreement to acquire Opus Capital Markets Consultants LLC (Opus CMC) for a purchase consideration of USD 75 million that includes a deferred earn-out component. The acquisition will strengthen Wipro's mortgage solutions and outsourcing business and complement its existing offerings in mortgage origination, servicing, and secondary market. Opus CMC offers operational and loan level due diligence, valuation support, forensic analysis, and advisory services on all classes of mortgage products, residential and commercial, ranging from re-underwriting whole loans to collateral reviews of securitized pools. Its customers include several of the top global banks, mortgage conduits, mortgage investors, and independent mortgage originators.