Monday, August 29, 2011

CompuGain Acquires the Mortgage Division of Overture Technologies

CompuGain Corporation, Herndon, Virginia, a provider of professional business services and IT solutions, has acquired the mortgage division of Overture Technologies, Inc., a provider of software solutions for the mortgage and educational finance industries. The newly acquired division will operate as a wholly-owned subsidiary of CompuGain Corporation and will conduct business as Overture Financial Solutions.

Since 2000, Overture Technologies has developed specialized tools that help loan officers, lenders and banks make informed and sound lending decisions. Its loan decisioning system is used for loan-level and pool risk assessment, eligibility, and pricing of new and seasoned assets.

“Overture’s staff expertise and mortgage product offerings are among the best in the mortgage industry," said Debasish Hota, president and CEO of CompuGain Corporation. "By adding them to our solutions, CompuGain now has the ability to deliver fully integrated, best-in-class services to our mortgage finance clients.”

CompuGain provides professional services and IT solutions to a wide range of companies worldwide, with a growing presence in the mortgage industry. The company's services include contract placement, temp-to-perm, permanent placement, consulting and project-based engagements to help its clients operate more efficiently.

“CompuGain’s past performance as a professional services firm, their financial strength, and the exceptional intellectual capital are huge assets, and we look forward to leveraging them to help current Overture customers realize their business objectives,” said LeRoy Pingho, CEO of Overture Technologies, Inc.

No comments: