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Akcelerant, FirstClose form mortgage settlement partnership

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MALVERN, Pa. (2/12/13)--Akcelerant, a provider of hosted and on-premise solutions to the financial services industry, including credit unions, has formed a partnership with FirstClose, an aggregator of mortgage settlement services.

Mutual customers of Akcelerant and FirstClose will be able to order real estate services from nationally recognized vendors directly from the Akcelerant Framework.

The Akcelerant Framework's collection solution supports integration with service providers to reduce delinquency and streamline processes such bankruptcy and foreclosure, said the companies.

The partnership will create a collection connector to allow service requests for automated valuation models, broker price opinions, appraiser price opinions, full appraisals, title reports, flood certifications and other services at any time during the lifecycle of a loan, or many loans.

In November, Akcelernat formed a partnership with CUNA Mutual Group and its Collateral Protection Insurance (CPI) alliance partner (News Now Nov. 6). The three-way partnership offers credit unions insured by the CPI alliance of CUNA Mutual Group and State National with a connector for the Akcelerant Framework, providing credit unions with a single platform to execute daily collection activities such as accessing CPI details, filing claims, tracking claims and other functions.