Mortgage Cadence, Inc., a Denver-based provider of enterprise lending solutions (ELS) for the financial services industry, has announced the addition of John Levonick to its compliance team as chief legal and compliance officer.

Levonick brings over 10 years of legal and regulatory compliance experience to Mortgage Cadence and the company's client base. He has worked extensively with creditors, servicers, secondary market participants, and technology vendors in providing guidance on mortgage lending laws, such as the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Fair Debt Collection Practices Act (FDCPA), Fair Credit Reporting Act (FCRA), Fair and Accurate Credit Transactions Act (FACTA), Equal Credit Opportunity Act (ECOA), Home Mortgage Disclosure Act (HMDA), and Gramm-Leach-Bliley Act (GLBA).

Levonick has been responsible for overseeing the compliance content of vendor technology platforms, including policy tracking, interpretation and rule implementation. According to Mortgage Cadence, his experience as chief compliance officer, regulatory counsel, and associate general counsel in the mortgage lending industry has given him the skills to provide the guidance and direction required to navigate the challenges of a constantly changing regulatory environment.

As chief legal officer for Mortgage Cadence, the company says Levonick will increase the compliance solutions currently available and those inherent within its product suite, while working closely with clients in identifying and managing compliance risk. He will assist clients in interpreting compliance requirements, developing risk mitigation strategies, and implementing the requisite controls within the Mortgage Cadence platform. He will also provide legal perspective recommendations to the Mortgage Cadence compliance team.

"I am very excited to welcome John Levonick to the Mortgage Cadence family and look forward to the compliance expertise he will offer our clients," said Michael Detwiler, CEO of Mortgage Cadence. "As we continue to expand our overall footprint within the financial services space, John's extensive knowledge will come in very useful in exponentially increasing our compliance solutions."