Acquisition Will Expand Sagent’s Loan Servicing Solutions Through Continued Technology-Enabled Innovation and Strong Customer Experience
Sagent Lending Technologies (“Sagent”), a leading mortgage servicing technology provider, announced a definitive agreement to acquire ISGN Corporation (“ISGN”). The acquisition will expand Sagent’s loan servicing solutions and further demonstrate an ongoing commitment to the broader mortgage industry for current and future clients. Terms of the transaction were not disclosed.
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Sagent was formed as a joint venture between Fiserv and Warburg Pincus in 2018 with a focus on improving the lending experience for both lenders and borrowers. Through innovative solutions in mortgage and consumer lending technology, Sagent empowers lending clients to exceed borrower expectations, increase efficiency, and improve agility in an ever-changing compliance environment.
“We look forward to having the ISGN clients and team members join our broader Sagent community. Together we will remain focused on providing a superior borrower experience and lowering the total cost of servicing,” said Bret Leech, CEO of Sagent Lending Technologies. “Clients and borrowers expect real-time engagement and access to their data. Like Sagent, ISGN built its offerings to meet these expectations and together we will move forward with an inclusive and comprehensive servicing solution.”
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ISGN is a global provider of mortgage technology products, delivering smart and innovative SaaS technology solutions to the residential mortgage industry. ISGN uses over three decades of mortgage servicing technology to help organizations streamline business processes with automated workflows, integrate with third party systems, and manage the complete loan life-cycle.
The acquisition of ISGN broadens the solutions offered by Sagent, including TEMPO, a default solution and further supports Sagent’s long-term growth strategy reflecting the company’s dedication to enhancing its comprehensive capabilities within the mortgage and consumer lending market.