Tag Archives: Division

CompuGain Acquires the Mortgage Division of Overture Technologies, Inc.

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Herndon, VA (PRWEB) August 22, 2011

CompuGain is pleased to announce the acquisition of the Mortgage Division of Overture Technologies, Inc., a leading provider of decisioning software solutions. Overture Technologies applies decades of experience in the mortgage finance industry to provide specialized tools that help customers make informed and sound decisions about what to buy or sell and what to approve or refer. Overtures solution suite is a high-performance loan decision system that can be used for loan-level and pool risk assessment, eligibility, and pricing of new and seasoned assets.

We are extremely excited to announce the acquisition of Overture Technologies Mortgage division. Together, with the addition of the Overture staff and product offerings, CompuGain will now have the ability to deliver fully integrated and best in class services to the Mortgage Finance domain, said Debasish Hota, President & CEO of CompuGain Corporation.

Overtures Mortgage division enables transparent, accurate, and responsive lending processes required for the mortgage and finance industries. With the addition of Overtures Mortgage division, CompuGain will be able to leverage its existing service offerings to enhance and implement a world-class decisioning software solution to existing and new clients.

Overture is proud to be a part of the CompuGain team. Their past performance as a professional services firm, their financial strength and the exceptional intellectual capital that resides within the walls of CompuGain is a huge asset and something that we look forward to being able to leverage to help our clients realize their business objectives. We are extremely fortunate and excited to be a part of the next chapter in CompuGains history, said LeRoy Pingho, CEO of Overture Technologies, Inc.

The newly acquired company will operate as a wholly-owned subsidiary of CompuGain Corporation and will conduct business under the Overture Financial Solutions business name. Together, CompuGain and Overture Financial Solutions will consult and work as an integrated delivery team to help its business partners make better and more informed decisions utilizing an integrated set of CompuGain/Overture solutions.

About Overture Technologies, Inc:

Founded in 2000, Overture Technologies is the leading provider of decisioning software solutions that enable the transparent, accurate and responsive lending processes required for todays mortgage and education finance industries.

Overtures customers are dedicated to providing superior mortgage underwriting, servicing and securitization services and to increasing students access to higher education financing alternatives. The leadership team shares in these goals and applies decades of experience from leading financial services and technology firms including Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to helping its customers achieve those goals.

Specific to the Mortgage Finance Solutions division, Overture serves the breadth of the mortgage finance value chain with automated decisioning technology for underwriting, pricing, servicing and valuing mortgage loans and mortgage assets.

For more information about Overture Technologies, please visit http://www.overturecorp.com.

About Compugain Corporation:

CompuGain is a global provider of Professional Services and innovative IT Solutions.

Established as a certified Minority-Owned Business Enterprise (MBE), CompuGain has partnered with its clients in a variety of industries to help improve productivity, reduce costs and increase revenue. CompuGain understands the importance of running an agile business – CompuGain offers a total professional service offering that includes contract placement, temp-to-perm, permanent placement, consulting and project based engagements to help its clients operate more efficiently. With an expanded and fully integrated portfolio of professional services and with an ever-increasing global footprint, CompuGain is well-positioned to support the business growth of its clients.

For more information about CompuGain, please visit http://www.compugain.com.

Advisory Services and Representation:

CompuGain was advised by o3 Capital Global Advisory a full service international Investment Bank with offices in New York, Mumbai and Bangalore and represented by Pillsbury, a full service law firm in Fairfax, Virginia.

Overture was represented by Odin, Feldman & Pittleman, PC a full service law firm headquartered in Fairfax, Virginia.

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Avenue 365 Lender Services Adds Shegun Onakomaiya as Vice President of Business Development for its Default Services Division.

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Plymouth Meeting, PA (PRWEB) December 01, 2011

Avenue 365 Lender Services has announced Shegun Onakomaiya as its new Vice President of Business Development for its Default Services Division. Avenues Default Services Group has been growing exponentially since its inception earlier this year. Onakomaiyas role will be to expand the client base and find additional ways in which Avenue can serve its existing clients.

Onakomaiya spent 8 years at Citigroup Global Markets, Inc., most recently as a transaction manager in the acquisition and securitization desk. As such he has deep and firsthand experience from the customers perspective. He has interacted with dozens of asset managers, hedge funds, investors, and servicers, and plans to bring those contacts and solid relationships to his role at Avenue.

Our Default Services Group has grown by almost 100% every month since inception. I believe that Sheguns experience, great reputation in the default space, and extensive contacts will assist us in continuing that growth. Our team brings unparalleled customer service, true knowledge of collateral and title issues, and a commitment to partnering with our clients for smoother transactions. Shegun will take that message to the street and we believe the result will be phenomenal for us and our clients, said Ryan Peterson, President and CEO of Avenue 365.

Avenue 365 Lender Services is a customer-focused, technology-inspired national title insurance and settlement services provider with an unwavering commitment to provide every consumer, originator, and lender with an unparalleled experience with every loan closing. They conduct business in all 50 states for both Origination Services and Default Services. Their customers include national mortgage banks, lenders, retail mortgage brokers, asset managers, investment funds, REO managers, and servicers. To learn more visit http://www.avenue365.com.

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More Securitization Press Releases

Gallagher to Co-Lead Collingwood’s New Risk Managment Division

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Washington, DC (PRWEB) June 19, 2012

The Collingwood Group declared these days that Brideen Gallagher will be promoted from Vice President of Business Development to Taking care of Director. In her new function, Gallagher will oversee The Collingwood Groups Risk Administration and Compliance Division in partnership with Controlling Director Karen Garner.

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Gallagher will support the companies threat management solutions created to support the mortgage industry handle todays tough economic regulatory setting. The division is targeted on mitigating the threat of enforcement actions and making certain operational readiness and compliance with the rigorous requirements of Authorities lending.

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“The benefit of currently being an FHA originator continues to be of utmost importance to numerous lenders and specifically in the present day. Conversely, the compliance pitfalls and penalties associated with originating and servicing government insured mortgages are too at all time highs as is the degree of regulatory scrutiny,” said Chairman Brian Montgomery.

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As a seasoned mortgage loan banking expert, Gallagher is uniquely experienced to direct this division.

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Brideen has been an integral member of our crew considering that she joined us a tiny in excess of a 12 months in the past, explained Partner Tim Rood, We appear ahead to continuing to make use of her expertise to expand the answers and providers we supply to the industry.

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Gallagher remarked, “I am extremely happy to be component of Collingwood’s Chance Management and Compliance group. With the at any time-increasing concentrate on lenders by regulators, Collingwood is foremost the cost for proactive administration of compliance in all locations of a lender’s operation.”

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Considering that February 2011, when she joined The Collingwood Group, Gallagher has contributed her priceless industry encounter in origination, functions, funds marketplaces and third get together correspondent organization to assistance the enlargement of the corporations companies. Gallagher will continue to leverage these capabilities in her new place.

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Prior to becoming a member of the Collingwood Group, Gallagher held senior degree account management positions with several top tier Correspondent lenders and was also a senior staff member at a hedge fund concentrated on the acquisition and disposition of distressed belongings. Gallagher retains a Bachelors Degree as properly as a Masters in Company Administration from Villanova College, and a Juris Medical professional from Temple College. She is a member of the Pennsylvania Bar, the Mortgage loan Bankers Association of The united states and a graduate of the Associations Potential Leaders Plan.

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About The Collingwood Group&#thirteen

The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-primarily based enterprise advisory firm focused on increasing customers organizations, selling income growth and increasing expenditure returns. The organization is led by Brian Montgomery, previous Assistant Secretary for Housing and Federal Housing Commissioner. Montgomery played a major function in the federal governments attempts to deal with the nations economic disaster and restore steadiness and liquidity to fiscal marketplaces. The companies other founders have held management positions inside of other businesses in the monetary providers market, like the GSEs. Collingwoods skills spans all facets of Company, non-Company and FHA/VA housing funding programs Ginnie Mae securitization routines domestic and international secondary industry activities and issues principal and specific servicing total asset lifecycle vendor and talent administration and all factors of portfolio thanks diligence, acquisition, property administration and asset disposition.

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Velocity Hires Industry Chief to Head Servicing Division

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Westlake Village, CA (PRWEB) March 12, 2013

Velocity Business Cash, a specialty finance organization focusing on originating, obtaining and securitizing small stability business financial loans nationwide, announces the addition of Jack Jacob to its senior management staff. In his function as Govt Vice President, Jacob will direct Velocitys Servicing and Unique Servicing teams.

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Jacob brings more than 30 a long time of banking, servicing, special servicing and true estate knowledge to the situation. Prior to his appointment, Jacob was Vice President for Aurora Lender, formally identified as Lehman Brothers Bank, in their business true estate Particular Property Office, and previously held administration roles at WAMU, American Financial savings Financial institution, American Genuine Estate Team (AREG), and American Financial savings &amp Financial loan.

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I am happy to announce the addition of Jack Jacob to the management crew at Velocity, stated Chris Farrar, President and CEO. His comprehensive involvement with asset administration and servicing, especially within our area of interest, will be quite essential to us as we carry on to expand our portfolio at Velocity.

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Jacob attended Loyola College and retains a Bachelors degree from North Park University.

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About Velocity&#13

Velocity Industrial Funds is a specialty finance agency focusing on professional true estate financial debt. Velocity acquires portfolios of doing and non-performing financial loans nationwide. In addition, the firm originates little stability loans and functions as special servicer managing distressed belongings. Started in 2004, Velocity is headquartered in Westlake Village, California and operates a satellite product sales place of work in Philadelphia, PA. For a lot more information, make sure you pay a visit to: http://www.vcc-inc.com

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