Accenture will acquire Mortgage Cadence, a provider of loan origination software and electronic document management services. The company did not disclose financial details.
The acquisition will strengthen Accenture’s mortgage BPO services as the company will add an advanced technology platform.
Accenture can also provide software to mortgage lenders looking to increase efficiencies and reduce costs.
The company’s approximately 190 employees in the United States will join Accenture Software under the agreement.
The company will incorporate Mortgage Cadence software into Accenture Credit Services. In addition, Accenture Credit Services will use Mortgage Cadence technology as a core loan-origination platform to process mortgages on behalf of its outsourcing clients.
The agreement will enable Accenture to provide the software to lenders on a standalone basis through Accenture Software as part of its banking-software portfolio. ( Accenture to acquire Fjord )
Terry Moore, global managing director of Accenture Credit Services, said: “By adding this key mortgage processing asset, we will enhance our end-to-end credit services capabilities and bring a new generation of mortgage processing services to the industry. This offers lenders improved speed-to-market, cycle-time, costs, and productivity.”
Mortgage Cadence provides loan origination software solutions for large and mid-sized residential mortgage lenders. Its portfolio of software supports mortgage origination, processing, underwriting, closing and post-closing with on-premise, software-as-a-service (SaaS) and cloud-based solutions.
Accenture in April 2013 acquired change management analytics provider ChangeTrack Research, which delivers the ChangeTracking analytics tool to customers to collect data, measure progress, and identify areas of an organization that require transformation.
Last year, Accenture acquired NewsPage, a provider of distributor management and mobility software for the consumer goods industry in emerging markets.