NEW YORK CITY-Accenture has agreed to purchase Zenta, a Dallas-based provider of residential and commercial mortgage processing services, moving it beyond consultation services and into mortgage processing and originations. The company has also launched Accenture Credit Services, “a full-service consulting, technology and BPO capability that will expand its support for institutions,” according to a news release.
One of three top providers of mortgage processing services, Zenta serves four of the five largest US banks.
“This acquisition will help our clients address these challenges by combining Zenta’s resources and expertise in mortgage processing with Accenture’s long track record helping financial institutions design and execute complex, large-scale business transformations,” global managing director of Accenture Credit Services Terry Moore said in a prepared statement. “Zenta’s white-glove approach to mortgage processing will serve our clients well.”
In addition to mortgage processing, Zenta’s services include mortgage origination, default management, real estate portfolio management and the providing of capital market analytics.
The company’s roughly 3,700 employees are expected to stay on following the acquisition.
Accenture did not return a call to GlobeSt.com in time for publication. The purchase price was not disclosed.
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