Accenture Acquires ClosingBridge Platform From BeesPath

Posted by Patrick Barnard on April 12, 2017 No Comments

Accenture has acquired BeesPath’s ClosingBridge platform, which facilitates simple, secure communications and file exchange for real estate finance transactions.

This will extend Mortgage Cadence’s loan origination functionality to include a communications platform that securely connects mortgage lenders with title and settlement agents.

The ClosingBridge platform will be rebranded as Collaboration Center. In its first phase, the platform – which manages the communications between borrowers, co-borrowers, real estate agents, sellers, attorneys, lending staff, title agents and settlement agents on mortgage transactions – will be offered as a stand-alone product. In subsequent releases, Collaboration Center will be incorporated into Mortgage Cadence’s existing product portfolio.

Todd Hougaard, president of BeesPath, will be joining the Mortgage Cadence team to help speed the integration and rollout of the solution, Accenture says in a press release.

“Taking an innovative approach to a long-standing challenge in mortgage – insecure communications involving borrower data and information – BeesPath has created an elegant, all-digital solution that securely connects all parties involved in the closing process,” says Michael Detwiler, CEO of Mortgage Cadence, in the release. “ClosingBridge is another strategic addition to our forward-looking Mortgage Cadence platform.”

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