Overture Technologies Launches Automated Decisioning System for Loss Mitigation

Bethesda, Md.-based Overture Technologies has launched Mozart for Special Servicing, an automated decisioning system for servicing distressed mortgage assets.

Mozart for Special Servicing allows servicers to manage and successfully apply a more robust set of alternatives to borrowers in distressed mortgages, and more quickly yield a "best-fit" modification that can reduce repeat default rates and preserve the value of mortgage assets, according to the company.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio