Accenture and Financial ServiceSolutions LLC Join Forces

Monday 15 December 2003 13:21 CET | News

Accenture and Financial ServiceSolutions LLC have signed an agreement to work together to provide mortgage origination and fulfillment business process outsourcing (BPO) in the United States.

Under the agreement, Accenture becomes the primary sales and marketing channel and the preferred integrator for Financial ServiceSolutions, which offers mortgage origination and fulfillment outsourcing services and technology solutions to large and mid-tier lenders. Financial ServiceSolutions will become Accentures exclusive mortgage originations BPO offering in the United States, and Accenture will acquire a small equity interest in Financial ServiceSolutions. Accenture will also provide Financial ServiceSolutions with consulting, technology and outsourcing services. Financial ServiceSolutions was founded as a joint venture earlier this year by Bank of America and Fidelity National Financial. The companys ProcessPro suite of systems helps lenders manage the mortgage application process from application and underwriting to closing and funding, including processing and third-party vendor management. The Financial ServiceSolutions offering is designed to help lenders improve their service levels, increase operational efficiency, and gain a variable cost structure to better manage the volatility of the mortgage market. Accenture has worked closely with Financial ServiceSolutions to develop the ProcessPro technology underlying its core offering.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce