Accenture is to take a small equity stake in Financial ServiceSolutions, the mortgage outsourcing venture founded earlier this year by Bank of America and Fidelity National Financial.
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. Accenture will also provide Financial ServiceSolutions with consulting, technology and outsourcing services.
Accenture has already worked closely with Financial ServiceSolutions to develop the ProcessPro technology underlying its core offering.
The size of Accenture's stake, and its financial investment in the deal, has not been disclosed.