purchased the mortgage division of Overture Technologies
Monday, as the information technology provider enhances services for mortgage finance clients.
Financial terms weren't disclosed.
The acquired firm will be known as Overture Financial Solutions while functioning as a wholly-owned subsidiary of CompuGain Corp.
Overture Technologies builds tools for loan officers and lenders to use when assessing the viability of lending initiatives. The company's loan decisioning system analyzes loan pool risk, 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. "By adding them to our solutions, CompuGain now has the ability to deliver fully integrated, best-in-class services to our mortgage finance clients."
Earlier this month, business process outsourcing giant Accenture (ACN) acquired
residential and commercial mortgage processing services firm Zenta
Write to: Kerri Panchuk