Accenture Named a Leader in Mortgage Operations by Everest Group

Rhea-AI Summary

Accenture (NYSE: ACN) has been recognized as a Leader in Everest Group's 2022 Mortgage Operations PEAK Matrix Assessment. The report highlights Accenture's consulting capabilities and comprehensive digital solutions supporting mortgage operations. Out of 23 evaluated providers, Accenture excelled in Market Impact and Vision & Capability categories due to its innovative services and strategic investments. The increasing demand for digital solutions in the mortgage industry, alongside trends like rising interest rates, positions Accenture favorably for future growth.

Positive

• Accenture was named a Leader in Everest Group's Mortgage Operations PEAK Matrix Assessment 2022.
• Accenture's position improved significantly year-over-year in the assessment.
• Accenture offers comprehensive digital solutions and innovative services across the mortgage operations value chain.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE: ACN) has been named a Leader in the latest global assessment of mortgage operations service providers by industry analyst firm Everest Group.

In the report, “Mortgage Operations PEAK Matrix® Assessment 2022,” Everest Group cites Accenture’s consulting capabilities and robust strategy for developing complete digital solutions, alongside its strong reputation in supporting front- to back-office operations for its mortgage clients with differentiated services across the entire mortgage operations value chain.

Out of the 23 banking operations service providers that were evaluated, Accenture is positioned as a Leader for Market Impact, which assesses service providers against criteria such as market adoption, portfolio mix and value delivered to clients; and for Vision & Capability, which includes measures such as strategy, scope of services, innovation and investments, and delivery. Accenture is among a select few whose placement on the PEAK Matrix has improved significantly year-over-year.

“Rising interest rates, a limited housing supply, and a shift towards a younger, more digital-savvy demographic that values experience and convenience over cost, are the key trends shaping the future of the mortgage industry,” said Manu Aggarwal, partner, Everest Group. “Accenture, with its robust strategy for developing digital-led end-to-end offerings and a strong market network, seeks to empower both new and non-traditional lenders in their digital transformation journeys. As such, it has been recognized as a Leader in Everest Group’s Mortgage Operations PEAK Matrix® Assessment 2022.”

The report highlights that Accenture provides a holistic transformation offering to clients supported by a breadth of operations capabilities and digital tools, from data management and underwriting to loan payment reconciliation and check processing. For example, one of Accenture’s latest mortgage innovations, iOrigin, is a plug-and-play modular technology that was built to complement, streamline and automate all processes across retail, wholesale and correspondent lending channels.

Wes Slocum, a managing director who leads Accenture’s Residential Mortgage Operations business, said, “We know that success is dependent on the ability to innovate and execute, and we are thrilled to be recognized as a Leader in Everest Group’s Mortgage Operations PEAK Matrix® Assessment 2022. This is a testament to the caliber of our talent, deep industry experience, and ongoing commitment to delivering best-in-class execution, technology and automation tools for our mortgage operations clients.”

More information about Accenture’s Mortgage Operations capabilities can be found here.

About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

Copyright ©2022 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.

This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors. This document refers to marks owned by third parties. All such third-party marks are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such marks is intended, expressed or implied.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220407005166/en/

Susan Kirwin

Accenture

+1 416-641-5148

susan.kirwin@accenture.com

Source: Accenture

FAQ

What did Everest Group recognize Accenture for in 2022?

Accenture was recognized as a Leader in the Mortgage Operations PEAK Matrix Assessment 2022.

How many providers were evaluated in the Everest Group assessment?

23 banking operations service providers were evaluated.

What key trends are influencing the mortgage industry according to the report?

Rising interest rates, limited housing supply, and a shift towards a younger, more digital-savvy demographic.

What is iOrigin by Accenture?

iOrigin is a modular technology designed to streamline and automate processes across mortgage lending channels.

What categories did Accenture excel in during the assessment?

Accenture excelled in Market Impact and Vision & Capability categories.