(PRWEB) September 9, 2006
CODA Team, the finance software program professional, nowadays introduced the launch of CODA-Management Architect for LSF (Loi sur la Securit
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Recombo Companions with Eoriginal to Offer E-Contracting Companies to Fiscal Market
Vancouver (PRWEB) September 11, 2007
Recombo Inc., one particular of North America’s foremost suppliers of safe electronic signature technological innovation, these days announced a partnership with eOriginal, Inc., a top provider of digital vaulting application, to supply a joint solution to electronic contracting inside the fiscal solutions industry.

With the integration of Recombo’s Waypoint technological innovation with eOriginal’s advanced electronic vaulting technology, buyers will now have a advanced, person-helpful finish-to-conclude solution for signing and handling electronic contracts and agreements. This translates into a important reduction in the require for paper in the typically doc-intense monetary companies market.

“Recombo’s partnership with eOriginal results in a a lot more seamless remedy for organizations utilizing paperless transactions in the monetary providers business,” explained Mike Gardner, Recombo CEO.
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Recombo Waypoint is an on-line provider that permits companies to lawfully total any contract or arrangement through electronic mail and the web. With its identity verification part, protection-conscious buyers can also lessen the risk of fraud by speedily validating identities online.
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The eOriginal eCore
Countrywide Financial Corporation Appoints David Sambol to Board
Calabasas, Calif. (Vocus) October 2, 2007
Countrywide Economic Company (NYSE: CFC), today announced that David Sambol, President and Main Operating Officer, has been appointed to its board of administrators.

“Mr. Sambol will make a great contribution to our board,” mentioned Harley Snyder, president of HSC, Inc. and Countrywide’s guide director. “Dave’s confirmed management talent, complete information of the Company and unparalleled skills in all elements of the mortgage sector will be invaluable to the Board.”

A 22-calendar year veteran of Countrywide, Mr. Sambol was appointed President and Main Working Officer in 2006. In addition to overseeing all operations of the Firm, Mr. Sambol’s tasks at present contain leadership of corporate operational and assistance units. Mr. Sambol also serves as a member of management’s Govt Committee.
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“Dave has been a driving drive powering Countrywide’s long-phrase growth above the many years,” mentioned Angelo R. Mozilo, Countrywide Chairman and Chief Executive Officer. “He has shown the a lot of attributes necessary of a entire world-course chief in the course of difficult market situations and he has established his ability to execute techniques that place us for long term growth and ongoing market place leadership.”
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Mr. Sambol has been instrumental in developing the Company’s principal home loan originations and servicing procedure. He also recognized Countrywide Capital Markets, and served as its President and Chief Government Officer. Below his direction, CCM became 1 of the nation’s leading mounted-earnings securities companies.
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Earlier in his tenure at Countrywide, Mr. Sambol served as Executive Handling Director of Organization Segment Functions, and has led all profits making functions of the Firm. He has also experienced oversight duty for Countrywide Financial institution, Countrywide Insurance Team, and Countrywide’s World-wide Functions. Mr. Sambol began his career with the Organization as a director of inside audit. Prior to joining Countrywide, Mr. Sambol served as a Licensed Community Accountant with the accounting organization of Ernst & Whinney.

About Countrywide:
Founded in 1969, Countrywide Economic Company is a diversified financial services supplier and a member of the S&P 500, Forbes 2000 and Fortune 500. By means of its family members of businesses, Countrywide originates, purchases, securitizes, sells, and services household and industrial loans provides financial loan closing solutions such as credit history reports, appraisals and flood determinations delivers banking services which consist of depository and property loan products conducts set revenue securities underwriting and trading actions gives house, existence and casualty insurance policies and manages a captive mortgage reinsurance business. For more details about the Organization, visit Countrywide’s website at http://www.countrywide.com.
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This Press Release is made up of forward-looking statements inside of the that means of Segment 21E of the Securities Exchange Act of 1934, as amended, with regards to management’s beliefs, estimates, projections, and assumptions with respect to, amid other items, the Company’s foreseeable future functions, organization ideas and strategies, as effectively as industry and market place problems, all of which are subject to modify. Real final results and operations for any long term time period may range materially from individuals projected herein and from previous results talked about herein. Variables which could result in true results to vary materially from historical final results or these expected contain, but are not minimal to: improved price of personal debt lowered entry to corporate credit card debt marketplaces unexpected funds or cash demands a reduction in secondary house loan market trader desire elevated credit losses owing to downward traits in the economic system and in the actual estate industry will increase in the delinquency costs of borrowers competitive and general financial problems in each of our company segments this kind of as slower or damaging house price appreciation changes in common company, economic, market and political circumstances in the United States and overseas from these expected reduction in authorities help of homeownership the stage and volatility of curiosity costs modifications in fascination fee paths changes in personal debt rankings changes in normally recognized accounting principles or in the authorized, regulatory and legislative environments in which Countrywide operates the judgments and assumptions created by administration concerning accounting estimates and connected matters the capacity of management to effectively apply the Firm’s strategies and other pitfalls noted in files filed by the Company with the Securities and Trade Fee from time to time. Words and phrases like “imagine,” “count on,” “anticipate,” “assure,” “prepare,” and other expressions or terms of equivalent meanings, as properly as long term or conditional verbs such as “will,” “would,” “ought to,” “could,” or “may possibly” are generally meant to discover ahead-seeking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other info contained herein.

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Uncover More Securitization Audit Report Press Releases
Seyfarth Shaw Names Seventeen New Associates to the Agency
CHICAGO (PRWEB) February 14, 2008
Silanis Tends to make Straight-by means of Processing of Funding e-Contracts and e-Mortgages Simpler with New Release of ApproveIt eVault Supervisor
Montreal, QC (PRWEB) December fifteen, 2009
Silanis Technologies, the leader in digital signature approach administration, nowadays introduced that the newest release of ApproveIt eVault Manager allows house loan vendors, vehicle-financers and equipment leasers to go much more rapidly to straight by means of processing of e-contracts and e-mortgages. Already adopted by Open Dealer Trade, Stewart Title, main finance companies and loan companies, the answer reduces the cycle moments, expenses, data problems and risks of marketing, securitizing and syndicating financial loans, leases and mortgages.

The new, completely ready-to-use portal and management console offers a turnkey solution for accessing the complete features of the ApproveIt eVault Manager the place the e-contracts and e-home loans can be securely transferred amongst electronic vaults, and then stored, managed, and verified electronically as being authoritative copies beneath ESIGN, UETA and UCC 9-a hundred and five specifications. With the new console, doc custodians, loan providers, traders, dealers, auditors and other staff can access files in the e-vault according to their permission ranges in buy to carry out various functions for which they are licensed.

Offering, securitizing and syndicating financial loans, leases and mortgages include a intricate system of pricing and approvals that qualified prospects to elevated hazards, larger fees and a deficiency of transparency when processed manually in paper format, said Tommy Petrogiannis, President and Co-Founder of Silanis Technological innovation. The ApproveIt eVault Supervisor gets rid of these problems by enabling a financing transaction to be processed electronically from begin to complete.
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Financial loans, leases and mortgages that are signed electronically utilizing Silanis companion solution, the ApproveIt Net Server, can be transferred electronically from the point of sale immediately to an e-vault making use of ApproveIt eVault Manager. This gets rid of prolonged transport delays and fees, and decreases the threat of terms and problems on loan files currently being distinct from the application which results in the bank loan currently being delayed and paperwork being returned for re-functions. Making use of Smart files for e-home loans, notes can be transferred in from other e-closing systems as properly.

ApproveIt eVault Manager guards these higher worth records during their lifetime as possession is transferred in between a variety of events and electronic vaults with the assurance that they are the authoritative copies. Authorized manage is preserved throughout development, storage, and transfer by making sure that a solitary authoritative copy of the file is exclusive and identifiable permitting only the secured party or its designated custodian to transfer, retailer, or change the discovered assignee of the authoritative duplicate and assuring the document can not be altered, besides as permitted, and identifying unauthorized revisions and non-authoritative copies
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ApproveIt eVault Manager is based on a registry that securely tracks the assignment and spot of financial loans, leases and mortgage loan contracts. It also performs all needed functions on the files stored in the technique. E-Vault storage is dealt with by means of a database that is in switch managed by the registry. Documents can be encrypted for additional security and numerous storage databases can be managed by a solitary registry allowing segregated storage for multiple lenders and buyers.

The new ApproveIt eVault Supervisor Console enables corporations to get to market place more rapidly by providing a all set-to-use portal and management console for accessing the options potent administration, transaction, pooling, search, and overview and audit features. System directors, for case in point, can now simply configure the answer, register consumers and assign roles and permissions making use of the administration console. Registered users can sign-up files or and transfer possession or place by means of the portal. Pooled functions can also be effortlessly produced and assigned making use of the portal, and records can be swiftly searched, reviewed and audited.

Keeping an conclude-to-stop electronic approach from mortgage closing appropriate by way of to securitization positive aspects all parties involved, explained Petrogiannis. Lenders acquire funds faster, although debtors reduce their dangers by getting greater visibility into the top quality of financial loans.

About Silanis&#thirteen
Silanis Technology is the major company digital signature procedure administration remedies. The worlds premier insurance coverage and fiscal companies companies, significant govt businesses, integrators and services vendors count on Silanis to speed up business transactions and decrease expenses even though enhancing compliance with lawful and regulatory requirements. The companys digital signature platform, ApproveIt
Silanis Wins Finalist Situation in IBMs CTO Innovation Award at Lotusphere
Montreal, QC (PRWEB) January 18, 2010
Silanis Technologies, the chief in Digital Signature Process Management, nowadays declared that it is a finalist for IBMs Lotusphere CTO Innovation award based on e-SignLive and e-SignRoom, two new e-signature method management services that Silanis has launched for LotusLive.

The CTO Innovation award acknowledges IBM Enterprise Companions who are foremost the technologies demand by exploiting the most current capabilities of LotusLive and WebSphere Portals in thrilling, new ways that stand out over their peers. e-SignLive and e-SignRoom have attained Silanis a finalist placement due to the fact they bridge the gap in between enterprise collaboration and organization process management to empower the industrys first collaborative e-commerce system.
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Silanis and IBM announced an arrangement for the duration of Lotusphere 2010 that would see Silanis new e-SignLive and e-SignRoom e-signature approach management providers integrated with IBM LotusLive to empower business users, buyers and associates to electronically overview, modify and signal documents in a secure, compliant and collaborative, on-demand from customers atmosphere.
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The solutions guidebook all parties via an digital document overview and signing process, although making sure documents are not able to be returned if they are missing any data, signatures or initials. Additionally, the companies create powerful Digital Evidence of what took location for the duration of the online method for authorized and audit reasons. The complete ceremony takes place in a world wide web browser so that no plug-ins, further software program or unique hardware are essential. This easy click on-to-indication, browser-dependent method can make it possible for any person to participate in an digital signing ceremony, and assures large user adoption.

Canderel, a single of Canadas biggest genuine-estate builders, will turn out to be a beta buyer of the joint solution. Canderel will bring organization partners and traders from around the entire world to the LotusLive on the internet collaboration platform to shut large value, commercial true estate advancement assignments making use of the built-in e-SignRoom providers.

We are incredibly honored to have obtained this prestigious recognition from IBM, mentioned Dr. Robert Al-Jaar, Govt Vice President and Main Technology Officer of Silanis. More and more companies are looking to perform mission-critical enterprise transactions with their global associates in excess of the net in order to accelerate human procedures and boost productivity. E-signatures make this attainable by enabling signatures to be captured electronically wherever, whenever, anyplace and by anyone.
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Silanis has reached a amount of business firsts, like the very first web-based mostly, zero-obtain resolution created for processing buyer purposes, and a single of the very first integrated e-signature and e-vaulting answer to process consumer financial loans from origination to securitization. In 2009, Silanis released the worlds first e-signature procedure administration solution. E-signature method management goes over and above straightforward signature capture to execute transactions electronically from begin to finish. The remedy has been adopted by some of worlds leading insurance, lending and authorities companies.
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About Silanis
Silanis Technologies is the leading service provider digital signature process management answers. The worlds biggest insurance policy and fiscal providers companies, significant govt organizations, integrators and service vendors rely on Silanis to speed up company transactions and minimize charges whilst strengthening compliance with lawful and regulatory specifications. The companys digital signature system, ApproveIt
Direct Money Slashes Finance Transaction Time with eSignatures
Portsmouth, NH (PRWEB) June 8, 2010
Immediate Capital, a leading nationwide provider of business lending companies, has launched a new digital documentation method that enables its customers to securely execute lease, mortgage, and operating money transactions electronically. The system, the first of its sort in the products leasing industry, is significantly minimizing turnaround time for organization clients and offering significant value personal savings for the firm.
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“We have released the most streamlined, convenient lending procedure available to companies these days,” said James Broom, Main Govt Officer for Immediate Funds. “This was a major endeavor that considerably improves the efficiency and expertise for organizations when they want to accessibility money. Equally as crucial, we have also improved our industry top competency in fraud detection.”

In accordance to Broom, the initiative has lowered the consumer documentation processing time from 5 times to 5 several hours on typical. “It really is a win-get for all get-togethers,” he stated. “We are completing transactions with remarkable velocity even though lowering charges concerned with convey delivery services and expensive mistakes, and we are also drastically decreasing our impact on the environment.”
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The new method has also been very properly received by Immediate Capital’s seller partners, in accordance to Shawn Arnone, Vice President of Company Growth for Immediate Money. “We have a huge base of vendors/dealers who offer financing to their consumers making use of our solutions,” said Arnone. “You can think about how happy they are to obtain a obtain get the very same day they submit an software to us. We are even providing identical day payments in some instances. This is a match-changing effectiveness in the seller income cycle.”

According to Broom, the initiative was constructed via a partnership with electronic options provider eOriginal. “Our vendor choice hinged on the capacity to produce strong eSignature technology and administration jointly with a reliable repository,” he said. “eOriginal has a prolonged and successful history supplying the capacity to transfer and securitize electronic loan transactions. eOriginal is a single of the best technological innovation companions we have ever labored with.” Broom also mentioned that Direct Cash has efficiently implemented the method with its secondary marketplace funding resources.
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“Partnering with Direct Capital on these kinds of a extraordinary and successful business approach transformation has given both companies the chance to showcase our strengths in the finance industry,” mentioned Steve Bisbee, CEO of eOriginal. “We recognized the depth of the Direct Money commitment when we saw their owing diligence in confirming lawful, audit and secondary market place requirements and their need to integrate only the ideal methods.

About Immediate Capital

Set up in 1993, Immediate Capital gives specialty finance solutions, such as cash products leasing, business loans, working funds, and service provider income advances. Direct Funds markets its solutions via direct relationships with organizations and by way of partnerships with franchisors, seller dealers, and companies of money products. Fantastic execution on its extraordinary and unique immediate service delivery product is the cornerstone of Immediate Capital’s achievement in an increasingly commoditized fiscal solutions business. Direct Funds is headquartered in Portsmouth, NH with places of work in New York, New Jersey, California and New London, NH. Subscribe to the Immediate Money weblog at http://weblog.directcapital.com. Stick to Direct Cash on Twitter at http://twitter.com/directcapital.
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About eOriginal

eOriginal supplies innovative electronic signature, vaulting and digital transaction remedies that are tamper-sealed, auditable and legally enforceable through both a SaaS or as an on premise software model. eOriginal SmartSign
Obtain Enterprise Technologies Releases PowerCore Because of Diligence Software
Sacramento, CA (PRWEB) September 23, 2008
Accessibility Company Technologies, the major hosting and managed services company in the finance and mortgage loan sector, announced right now the release of it really is PowerCore Owing Diligence Application, a loan pool validation and examination specialist system.

PowerCore Due Diligence gives flexible workflow procedures and business rules to assist firms totally examine financial loan swimming pools for high quality and precision. Broadly deemed a mortgage loan “professional technique”, PowerCore Due Diligence includes pre-recognized conditions and thresholds that accelerates implementation and the due diligence procedure. In addition, PowerCore Due Diligence integrates with well-known compliance techniques to include condition and federal compliance issues in the decisioning process.
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“We have worked with best servicing and securitization firms to make PowerCore Thanks Diligence a sturdy mortgage pool validation and analysis software” stated Justin Kirsch, President of Accessibility Organization Systems, “This specialist method will accelerate the owing diligence approach significantly thanks to it truly is inherent workflow and company rules. Also, our integration to 3rd-social gathering compliance, fraud and valuation programs will make PowerCore Due Diligence a central decisioning resource dependent on each side of the financial loan.”
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The PowerCore Owing Diligence application is provided as an ASP merchandise and is available quickly. Accredited computer software instances are also obtainable.
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“The mortgage banking and securities business is experiencing incredible issues” mentioned Kirsch. “Our release of PowerCore Thanks Diligence in addition to our sturdy line of hosted and managed merchandise will situation our buyers to climate the recent circumstances whilst readying them selves for the eventual marketplace enhancement.”
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About ABT&#thirteen
Obtain Company Systems is the foremost service provider of internet hosting and managed solutions, integration, reporting and skilled solutions for the mortgage and finance industry. Via our merchandise and services, ABT gives a total range of on-demand from customers, robust answers made to simplify, streamline and improve our customer’s organization. ABT’s managed and hosted solutions are all produced accessible genuine-time by way of the Internet employing stringent SAS70 kind II-audited protection systems.
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ABT’s philosophy is to give a vendor-neutral technique to help our clients leverage present and new computer software answers that are ideal in class for their unique surroundings. ABT provides SAS70 Type II web hosting environments for these answers to make certain company-degree stability, redundancy, high availability, catastrophe recovery and company resumption capabilities. For much more data, please pay a visit to mortgage thanks diligence or contact (800) 530-8054.
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Copyright 2008 Entry Organization Systems. All legal rights reserved. Obtain Business Technologies, ABT and the ABT emblem are emblems of Obtain Enterprise Systems. Other company and / or item names may possibly be registered emblems or trademarks of their respective organizations.
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Media Speak to:&#thirteen
Alan Taylor&#thirteen
Entry Organization Systems
(800) 530-8054
info@myabt.com
mortgage loan thanks diligence
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Associated Securitization Audit Report Press Releases
Overture Systems Launches Automated Decisioning for Decline Mitigation
Bethesda, Maryland (PRWEB) January 22, 2009
Overture Technologies, the leading service provider of decisioning solutions for transparent, correct and responsive lending procedures, announced these days the start of Mozart for Particular Servicing, an automatic decisioning program for servicing distressed mortgage belongings. Mozart for Specific Servicing is created to tackle the unparalleled quantity of delinquent mortgages in the U.S. nowadays as effectively as the increasing complexities in modifying financial loans and mitigating monetary losses thanks to foreclosure. Mozart for Unique Servicing allows servicers to manage and successfully utilize a far more robust set of options to borrowers in distressed home loans, and far more speedily yield a “greatest-in shape” modification that can decrease repeat default prices and protect the price of mortgage assets.
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According to the latest Mortgage Bankers Association Nationwide Delinquency Survey, the residential residence delinquency fee at the finish of the 3rd quarter of 2008 was six.ninety nine per cent, up a hundred and forty foundation factors from the identical interval in 2007 and the greatest recorded in the MBA study. According to a latest report by RealtyTrac, foreclosures filings were up 81% from 2007 and default or auction notices ended up recorded on a lot more than two.3 million properties in 2008. Credit Suisse estimates another 8.one million foreclosures are expected amongst 2009 and 2012. The existing charge of defaulting home loans in the U.S. nowadays much exceeds the manpower potential for financial institutions or servicers to work with borrowers employing traditional techniques and is probably to result in far more foreclosures than successful bank loan workouts.
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“Significant bank loan-level knowledge and examination, up-entrance, and surgically used is needed to control the unparalleled volume of distressed mortgages and growing complexities of merchandise, plans, and regulatory recommendations in the 21st century house loan business,” mentioned Linda Simmons, general supervisor of Overture Technologies’ Mortgage Finance Solutions. “Mozart for Specific Servicing can speedily offer a a lot more precise, recent see of borrower and asset details, supply a broader selection of ideal alternate options to debtors, decrease recidivism by receiving borrowers into the right answers the initial time and produce an audit trail for transparency.”

Mozart for Special Servicing leverages Overture Technologies’ award-profitable automated decisioning engineering utilised in mortgage underwriting in a process referred to as, “automated re-decisioning,” implementing a sophisticated guidelines program to re-appraise risk and value of a financial loan at any level along the mortgage value chain. Mozart for Specific Servicing allows servicers to:
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*Get the borrower into the correct option the initial time, minimizing recidivism and maximizing owner-occupied residence retention employing much more current, related knowledge and data about the borrower and the asset.

*Align the interests of debtors, bankers, secondary markets, traders and other 3rd functions at the commencing of the mortgage modification approach, as nicely as keep up with changing policies and demands.
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*Maintain steady, defensible, and transparent, procedures, stages of discretion and acceptance procedures, calculations and agreed upon results for every single loan, no matter of spikes in quantity and industry booms.
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*Give personalized workout possibilities at the bank loan amount, even though nonetheless producing it straightforward for Unique Servicing operations to scale up to satisfy the volume of present day crisis
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*Leverage existing infrastructure, integrate with legacy techniques and other information services.
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Mozart for Special Servicing gives the greater transparency essential by investors, auditors and regulators with English-language policies, total background of information modifications, selections, and selected choices. The application solution integrates with and enhances current work stream techniques and is deployed as a application-as-a-services. Mozart for Particular Servicing is available now and can be configured, built-in and managing in a issue of weeks.

To see a demonstration of Overture Technologies’ Mozart for Special Servicing, check out booth #518 at the House loan Bankers Affiliation National House loan Servicing Conference in Tampa, February seventeen-20.

About Overture Technologies
Started in 2000, Overture Systems is the foremost provider of decisioning answers that empower clear, precise and responsive lending procedures for the home loan and greater education lending industries. Overture Technologies’ consumers are committed to offering exceptional home loan underwriting, servicing and securitization services and to growing students’ access to larger education financing alternatives. The firm’s leadership team applies many years of knowledge from leading economic companies and technologies corporations like Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to help our clients obtain their targets. For more information, call (301) 492-2155 or go to http://www.overturecorp.com.

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A New STD (Securitization Transmitted Damages): Losses Could Be In Trillions of Bucks
Los Angeles, CA (PRWEB) Oct 21, 2010
FiduciaryFORENSICS