Overture, Tavant Launch Custom Conduit System

Overture Technologies, Bethesda, Md., and Tavant Technologies, Santa Clara, Calif., have announced the launch of a customizable end-to-end lending system for conduits and correspondent lenders.The system will allow conduits "to foster deeper relationships with correspondent partners and dramatically improve the efficiency of loan transactions and securitization operations," the companies said. Overture's Mozart Product Suite enables conduits and correspondents to address their needs in the areas of loan acquisition, best loan execution, securitization, and portfolio management, they said. In related news, Overture also announced a partnership with MortgageHub to provide midsize lenders an "easy and affordable way" to enhance productivity with Mozart's preconfigured, automated pricing, product selection, and underwriting tools. "Now mid-sized lenders can get the power of a big company solution, without the big company price," said Bill Kelvie, Overture's chief executive officer. Overture can be found online at http://www.overturetechnologies.com, and Tavant can be found at http://www.tavant.com.