William Shuey has been named director of securitization for Opus Capital Markets Consultants LLC (Opus CMC), a wholly owned subsidiary of Wipro Ltd. offering mortgage due diligence services.
Shuey has more than 30 years of mortgage industry experience working with prominent Wall Street firms and banking institutions to establish objectives and processes around mortgage due diligence and the secondary market. Prior to joining Opus CMC, he was the due diligence manager at Accenture assigned to Morgan Stanley, where he was responsible for analyzing new rules and regulations and ensuring compliance. Shuey also held management positions at Goldman Sachs and was vice president at Hudson Advisors.
In his new role, Shuey will be responsible for operational oversight of the securitization processes with a focus on assuring the delivery of high quality, compliant solutions to the residential mortgage-backed securities market.
Although momentum is building in the secondary market, there continues to be ambiguity around Regulation Z and Appendix Q changes that went into effect Jan. 10, 2014. By proactively communicating and partnering with regulators, ratings agencies, sellers, issuers and underwriters, Opus CMC continues to lead efforts to drive clarity in lending and securitization processes.
‘Joining the Opus CMC team is an exciting opportunity,’ says Shuey. ‘While regulatory concerns continue to plague the mortgage industry, Opus CMC sees compliance as the cornerstone for a more lucrative securitization market. I am excited to be part of a company where the commitment to quality is the foundation for its vision and also the outcome of its service offering.’