Sagent Opens India Operation, Grows Mortgage Servicing Fintech Talent By 120+


India, Chennai. —  May 9, 2023 — Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today announced the opening of its non-U.S. headquarters in Chennai, India, supporting Sagent’s newly incorporated software engineering team resulting from Sagent’s 2022 partnership deal with Mr. Cooper, the third-largest mortgage servicer in America. In 2023, Sagent is selectively adding talent and operations to accelerate its building of cloud-native platforms to power America’s complex $13 trillion mortgage industry. 

(L to R) Sagent Chief Technology Officer Mr.Uday Devalla, Ms. Marianne Sullivan as COO and Naren Sundram, SVP, Country Head, Sagent India


“Three key Sagent operational milestones this year are hiring Fannie Mae vet Marianne Sullivan as COO, hiring Wells Fargo vet Perry Hilzendeger as EVP, Servicing, and opening our Chennai, India operation to accelerate our cloud-native mortgage servicing software development,” said Sagent CEO Dan Sogorka.  

“In our landmark 2022 deal with Mr. Cooper, they became a Sagent customer, plus we acquired their highly experienced mortgage servicing fintech team, many of which are in India. With today’s opening of our Chennai location, Sagent now has 520 employees along with hundreds of contractors. We’re the only major fintech firm with a global team dedicated to building core, default, and consumer mortgage servicing platforms for top banks and lenders.”

Sagent’s new 18,367 square-foot non-U.S. headquarters in India opened its doors on May 8 and will host 120+ Sagent team members. “Sagent India is a bright team full of relevant, reliable talent, and this team has a relentless commitment to the Sagent vision,” said Naren Sundram, SVP, Head of India at Sagent. “We’re all moving quickly on Sagent’s vision to fundamentally change America’s housing ecosystem and deliver positive outcomes for servicers and homeowners.”

Sagent Chief Technology Officer Uday Devalla has led Sagent’s vision by insisting on team members with experience in both fintech and mortgage servicing. “Dual mortgage/fintech experience is required to truly innovate in a sector as complex as mortgage servicing,” said Sagent CTO Uday Devalla. “Sagent’s team now has the most successful servicing operators and best-in-class product engineers/fintech leaders, and our India expansion will help us fulfill our high talent bar.”

Sagent has the industry’s only enterprise, default, and consumer mortgage servicing platforms that are all synced by real-time data. This is the latest in a series of Sagent moves to transform the homeowner experience for financial organizations servicing millions of consumers with trillions in mortgage balances.

****

Popular posts from this blog

SUTA Brand New Artisanal Store Launched by Abi and Rashmi event done by Kavitha Pandian at Mylapore

Image
Suta’s latest store in Mylapore, Chennai, to open its doors in time for the festive season Mumbai-based artisanal brand , Suta, is further expanding its retail footprint with a beautiful new store on Dr Radhakrishnan Salai, in the picturesque Mylapore neighbourhood.  Spread over an area of 1,575 sq. ft., the store has been thoughtfully designed to offer the quintessential Suta shopping experience for Chennai connoisseurs. The store’s location in Mylapore has been carefully chosen considering its religious significance and rich cultural heritage, as well as its vibrant music and arts scene. Known for its role in preserving Chennai's traditional South Indian culture, Mylapore is a place where history comes to life and tradition rubs shoulders with modernity. This amalgamation is the perfect backdrop for Suta, known for preserving heirloom artisanal weaves and infusing them with a contemporary twist. Within the store, each space has been thoughtfully designed to offer shoppers an inti...
Read more

Over 35 Colleges Unite for a Vibrant Cultural Celebration: Sardar Euphoria 2K23 Hosted by A.M. Jain College

Image
Chennai, 08th Oct 2023:  A.M. Jain College in Meenambakkam, Chennai proudly hosted their Annual Inter-Collegiate cultural fest, Sardar Euphoria 2K23  on October 06th and 07th, 2023. The two day inter-collegiate cultural event witnessed active participation from over 35 prominent colleges across Chennai engaging in 16+ diverse on-stage and off-stage activities including dance, music, fashion walk, photography and more.  The highly sought-after overall trophy was clinched by Madras Christian College. The campus buzzed with excitement as events unfolded across various venues, fostering an atmosphere of artistic enthusiasm and unity among participants.  Sardar Euphoria 2K23 also attracted a galaxy of celebrities who graced the occasion as judges and chief guests. The star-studded lineup included actors Arjun Das, Mirna Menon, Robo Shankar, Soundara Raja, and singer Shalini Singh, added glamour and charisma to this cultural extravaganza. Udhan Kumar Chordia, Secretary of ...
Read more

Cultural festival 'Kalaisangamam' celebrated at A. M. Jain College

Image
Chennai; Agurchand Manmull Jain College in Meenambakkam, Chennai celebrated their intra college cultural festival, Kalaisangamam on 11th of March.  Many students from various departments participated in the cultural fest which included music, dance and variety. College Secretary, Mr. Udhan Kumar Chordia with the committee member Mr. Panna Lal Chordia, Mr. Bhavnesh Deora, College Principal Dr. M. Venkataramanan and Dean Dr. M.M Ramya were the chief guest of the event.  Around 5,000 people including students and staff attended the cultural fest. Students of the BBA department bagged the overall championship of the event. ****
Read more