FSS, Accenture Form Alliance

Charlotte, NC-based Financial ServiceSolutions LLC, a joint venture founded this year by Bank of America and Fidelity National Financial, has announced an agreement under which Accenture will be the primary sales and marketing channel and the preferred integrator for FSS.The agreement calls for Accenture to acquire an unstipulated "small" equity interest in FSS, which offers mortgage origination and fulfillment outsourcing services and technology to large and mid-tier lenders. Financial ServiceSolutions will become Accenture's exclusive offering for business process outsourcing in the United States. Accenture will also provide FSS with consulting, technology, and outsourcing services. The FSS ProcessPro systems help lenders manage the mortgage application process from application and underwriting to closing and funding, including processing and third-party vendor management.