“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,” Sogorka said. “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.”

Read extra: Sagent reaches for the cloud with mortgage deal

“Sagent India is a bright team full of relevant, reliable talent, and this team has a relentless commitment to the Sagent vision,” stated Naren Sundram, SVP, head of Sagent’s India headquarters. “We’re all moving quickly on Sagent’s vision to fundamentally change America’s housing ecosystem and deliver positive outcomes for servicers and homeowners.”

According to the corporate’s news release, Sagent chief know-how officer Uday Devalla insisted on hiring staff with expertise in each fintech and mortgage servicing.

“Dual mortgage/fintech experience is required to truly innovate in a sector as complex as mortgage servicing,” Devalla stated. “Sagent’s group now has probably the most profitable servicing operators and best-in-class product engineers/fintech leaders, and our India growth will assist us fulfill our excessive expertise bar.”