Accenture has acquired a majority stake in Vivere Brasil, as the outsourcing company looks increase services in Brazil’s rapidly expanding economy.

The purchase of Brazilian based Vivere Brasil, which provides mortgage processing services, will expand Accenture’s own mortgage service capabilities while increasing efficiencies and enhancing Accenture’s position in the country as the domestic mortgage market increasingly develops.

Mortgage loans in Brazil currently represent 7.4 percent GDP, with the mortgage market expected to grow to 10 percent of GDP by 2015, having experienced 41 percent compound annual growth since 2007.

Luis Simões, a managing director in Accenture’s financial services practice in Brazil, said: “As demand for home loans grows, Brazil’s banks will require ever-greater mortgage-processing capacity, efficiency and quality controls in order to compete”.

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