Mr. Cooper Group Inc. has completed its previously announced agreement with Sagent M&C LLC, d/b/a Sagent Lending Technologies. Under the terms of this transaction, Sagent purchased certain intellectual property rights related to Mr. Cooper’s proprietary, cloud-based technology platform for mortgage servicing.
Mr. Cooper has received an equity stake in Sagent and appointed two directors to Sagent’s board. This agreement will leverage Mr. Cooper’s mortgage servicing and Sagent’s software speed to create a cloud-native, homeowner-first
