Overture Technologies
Automated underwriting and credit risk analysis tools.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
$6.0m | Series C | ||
| Total Funding | 000k | ||
Overture Technologies, founded in 2000, developed a SaaS-based platform focused on automated underwriting and credit risk analysis for the mortgage industry. The company's core offering was an independent, commercially available automated underwriting system (AUS) that allowed investors to evaluate, underwrite, price, and monitor mortgage assets on a single, unified platform. This system was designed to serve private mortgage investors, lenders, and originators by improving efficiency and reducing costs associated with originating and purchasing loans.
The firm's technology enabled the normalization of data to industry standards, facilitating continuous evaluation of credit risk. It aimed to address both credit and regulatory compliance before a loan's closing to eliminate defects at the most effective stage. In 2011, the mortgage division of Overture Technologies was acquired by CompuGain Corp. and became a wholly-owned subsidiary named Overture Financial Solutions. According to market data, Overture Technologies as an independent entity is now out of business.
Keywords: automated underwriting system, mortgage technology, credit risk analysis, financial software, loan origination, mortgage asset evaluation, credit risk management, fintech, loan underwriting, mortgage compliance, SaaS, mortgage investors, loan due diligence, secondary market operations, loan data integrity