Overture’s Mortgage Division Acquired

""Overture Technologies, Inc."":http://www.overturecorp.com/, has been partially acquired by ""CompuGain Corporation"":http://www.compugain.com/ and its mortgage division is now a wholly-owned subsidiary of the company. Overture, a software solutions company for the mortgage and educational finance industries, sold its mortgage component to CompuGain and will continue to operate as Overture Financial Solutions under the CompuGain banner.

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CompuGain is known for its professional and IT products and services targeting a broad range of companies worldwide.

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Overture's tools supporting loan officers, lenders, and banks in risk assessment, eligibility, and asset pricing are expected to bolster CompuGain's efforts to give clients a streamlined, integrated system for making strong lending decisions.

Debasish Hota, president and CEO of CompuGain said of the transaction, ""Overture's staff expertise and mortgage product offerings are among the best in the mortgage industry. 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 offers customers support for a variety of pursuits including contract placement, consulting, and processing efficiency.

LeRoy Pingho, Overture's CEO, said of the acquisition, ""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.""

Virginia-based CompuGain is a certified Minority-Owned Business Enterprise, and the company is set to boost its profile with the additional staff and products now available thanks to ownership of Overture's mortgage divisions.