Sagent announced that it has appointed Kenneth Posner as Chief Financial Officer. In this role, Posner will oversee financial operations and strategy for the company as it continues scaling its cloud- and AI-native mortgage servicing technology.
Sagent said Posner will help support growth for Dara, the company’s next-generation mortgage servicing platform. Dara is described by Sagent as the industry’s first cloud-native, end-to-end mortgage servicing system.
Posner brings more than 30 years of experience across the mortgage and financial services industries. He previously led strategy and investor relations at Mr. Cooper Group, which grew to become the country’s largest mortgage servicer before its acquisition by Rocket Companies.
Earlier in his career, Posner co-founded Capital Bank Financial Corporation, which acquired and recapitalized banks following the Great Financial Crisis. He also served as a senior research analyst at Morgan Stanley, where he covered mortgage, financial, and fintech companies.
Sagent provides servicing technology used by bank and nonbank lenders to manage and modernize the homeownership experience for borrowers. The company’s solutions are designed to help servicers engage borrowers, lower servicing costs, support compliance, and increase the value of servicing rights across market cycles.
Sagent is backed by Warburg Pincus and powers trillions in outstanding mortgage servicing.
KEY QUOTES:
“Ken’s ability to connect market insight with execution is exceptional, as is his discipline in driving long-term value. His experience across banking, capital markets, and servicing will help Sagent continue to grow with focus and strength.”
Chris Marshall, Chairman and CEO of Sagent
“Ken’s financial and strategic insights will be critically important as we scale Dara, our game-changing mortgage servicing system, into the industry’s leading platform.”
Sridhar Sharma, President of Sagent
“I’m thrilled to be joining a team with deep expertise in mortgage technology and a company which is bringing radical new capabilities to the industry.”
Kenneth Posner, Chief Financial Officer of Sagent
