Mortgage Cadence Welcomes John Levonick as Chief Legal Officer

Legal and Compliance Authority to Increase Compliance Solutions and Further Counsel Clients

Wednesday, January 06, 2010
Denver, CO

Mortgage Cadence, Inc., a leading provider of enterprise lending solutions (ELS) for the financial services industry, is pleased to announce 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.

John Levonick began his legal career nearly a decade ago gaining compliance experience while working in the consumer financial services industry. During this time, he worked with creditors, servicers, secondary market participants and technology vendors in providing guidance on mortgage lending laws such as TILA, RESPA, FDCPA, FCRA/FACTA, ECOA, HMDA and GLBA (including fair lending, state anti-predatory and consumer credit). John has been responsible for overseeing the compliance content of vendor technology platforms, including policy tracking, interpretation and rule implementation. John's 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 CLO for Mortgage Cadence, Levonick will increase the compliance solutions currently available and those inherent within the product suite, while working closely with Mortgage Cadence clients in identifying and managing compliance risk. In drawing from his advisory experience, John will assist clients in interpreting compliance requirements, developing risk mitigation strategies and implementing the requisite controls within the Mortgage Cadence platform(s) to best protect the individual client. He will be in continued communication with the Mortgage Cadence compliance team to give recommendations from a legal perspective and will also provide support to clients for their ongoing regulatory compliance needs.

"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."

About Mortgage Cadence
Mortgage Cadence, Inc. is the leading provider of Enterprise Lending Solutions (ELS). Mortgage Cadence Orchestrator™ provides data driven workflow automation and seamless integration across the enterprise to help lenders achieve harmonious operational rhythm from origination, processing, underwriting, and closing through secondary marketing. The solution provides both forward and reverse lending automation – as well as support for multiple lending channels. This superior technology features business rules management, product and pricing, electronic document management, and a suite of Web portal options within one comprehensive platform. To learn more, please visit us on the Web at http://www.mortgagecadence.com.