Akcelerant and FirstClose partner to incorporate Mortgage Settlement Services to the Akcelerant Framework
MALVERN, PA (February 11, 2013) – Akcelerant, a provider of hosted and on-premise solutions to the financial services industry, announced today a partnership with FirstClose, an aggregator of mortgage settlement services. The Akcelerant and FirstClose partnership will provide mutual customers the ability to order real estate services from nationally recognized vendors directly from the Akcelerant Framework.
The Akcelerant Framework’s industry leading collection solution supports integration with best of breed service providers to reduce delinquency and streamline processes like bankruptcy and foreclosure. The Akcelerant and FirstClose partnership will create a collection connector to enable service requests for Automated Valuation Models (AVMs), Broker Price Opinions (BPOs), Appraiser Price Opinions (APOs) Full Appraisals, Title Reports, Flood Certifications, and other services in an integrated fashion, at any time over the lifecycle of a loan, or many loans which may be delinquent or not.
“Establishing a partnership with Akcelerant provides end users with quick and convenient access to our extensive network of settlement service providers via our end-to-end vendor management system,” said Tim Smith, President of FirstClose. “The benefits of being able to connect to our system without ever having to leave Akcelerant’s Framework platform speeds up the ordering of services, eliminates the reentry of data, reduces errors and brings efficacy to the intricate default management process. Akcelerant’s solution is robust and highly advanced; our mutual clients now have more choices and will realize immense value as a result of this integration. A partnership with Akcelerant was a natural fit.”
“Akcelerant is impressed with the suite of products and vendors that FirstClose brings to the Framework which our customers can choose from to fulfill their various service requests. Integrating the Framework software and the services provided by FirstClose will simplify many business processes surrounding the tracking of real estate loans on an individual as well as a portfolio as part of their risk management strategy,” explains Eric Snyder, Akcelerant executive vice president of business development. “This connector is intended to provide real estate portfolio valuation information on all accounts, even those not in collections. We found many of our customers need this capability but the current means to do so are limited and certainly not integrated to a single platform incorporating daily business activities.”
About Akcelerant Software LLC
Akcelerant, located in Malvern, Pennsylvania, is a provider of hosted and on-premise solutions to the financial services industry through multiple product lines and integration to best-of-breed service providers. Established in 2000, Akcelerant technology is currently utilized by over 500 financial institutions in all 50 states and Canada. For more information about Akcelerant, visit www.akcelerant.com.
About FirstClose
FirstClose is an Austin, Texas-based online service, owned and operated by First Lenders Data, Inc., a mortgage settlement service solution for lenders looking to improve efficiency and accuracy while lowering costs and turn-around time. FirstClose aggregates nationally recognized vendors and service providers into one easy-to-use online solution. FirstClose products and services include credit reports, flood certifications, AVMs and traditional valuation products, as well as income verification, tax tracking, title insurance, doc prep, closing and recording services. Additionally, FirstClose provides more progressive services, including hybrid and gap valuations and alternative lien reports. www.firstclose.com