Overture Technologies closes $6 Million in series C Funding
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Bethesda: Overture Technologies, which provides solutions that enable accurate lending processes, has closed $6 million in series C funding led by Capital Trust Ventures with continuing participation from CNF Investments, New Markets Growth Fund and other existing investors. Financing will be used to support market expansion to meet urgent and increasing demand for the company's financial decisioning solutions serving the mortgage and education lending industries. In conjunction with the funding, Tim Meyers, Managing Partner at Capital Trust Ventures, has joined Overture's board of directors. "Today's mortgage and student loan industries require consistent application of complex lending and pricing guidelines and thorough evaluation of ever-changing risk and asset valuation data to meet current and future regulatory requirements," said Bill Kelvie, CEO, Overture Technologies. "This growth funding from experienced investors during a challenging time further validates our approach and will help us accelerate our reach for the markets we serve." Overture enables market efficiency and improves risk management in underwriting, pricing, servicing and valuing mortgage loans and assets with its Mozart suite of solutions, industry leading automated decisioning software for originations and acquisitions, servicing, secondary marketing and the capital markets. In addition to Overture's advanced FHA lending decisioning capabilities, its groundbreaking solution uses rules-driven decisioning for loan modifications to keep borrowers in their homes. Overture's education finance solutions empower colleges and universities, lenders, guarantors and other service providers to help students intelligently navigate the process of funding their education with Conductor, an online financial aid portal, the Student Loan Marketplace loan comparison tool and Amadeus, the premier student loan pricing and underwriting solution.

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