The companies plan to collaborate on the development of a cloud-native servicing platform, which could result in a stronger competitor to dominant player Black Knight in the marketplace.
Mr. Cooper Group Inc. and Sagent M&C, LLC, have reached an agreement to create what they say will be the mortgage industry’s first “cloud-native, homeowner-first” mortgage-servicing platform. Under terms of the deal, Sagent will buy certain intellectual property rights related to Mr. Cooper’s proprietary, cloud-based technology platform for mortgage servicing, and Mr. Cooper will receive an equity stake in Sagent. Mr. Cooper also will become a multi-year customer of Sagent.
Mr Cooper, Sagent Sign Mortgage Servicing Technology and Equity Stake Deal mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.
मकवानपुरका पुराना वामपन्थी नेता शर्माको निधन ratopati.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ratopati.com Daily Mail and Mail on Sunday newspapers.