Sagent has appointed Kenneth Posner as its chief financial officer, the company announced. Posner previously served as a strategy leader at Mr. Cooper, a major mortgage servicer.
He joins as Sagent works to scale its Dara mortgage servicing platform, a cloud-based system designed to modernize loan servicing operations. The hire signals the firm's push to expand its technology footprint in the mortgage sector.
Posner brings extensive experience in corporate strategy and finance within the mortgage industry. His background includes roles focused on growth initiatives and operational efficiencies at large servicers.
No specific financial details about Posner's compensation or Sagent's funding were disclosed. The company has not released public revenue figures tied to the Dara platform.
The appointment comes amid a shifting mortgage landscape, where technology providers are vying for market share as lenders seek cost-cutting digital tools. However, Sagent faces stiff competition from established players like Black Knight and newer fintech entrants.