Sagent Lending Technologies, a mortgage servicing technology provider based in King of Prussia, Pa., recently announced that is signed a definitive agreement to acquire ISGN Corporation, a global provider of mortgage technology products.
“We look forward to having the ISGN clients and team members join our broader Sagent community,” Bret Leech, CEO of Sagent Lending Technologies, said. “Together, we will remain focused on providing a superior borrower experience and lowering the total cost of servicing. Clients and borrowers expect real-time engagement and access to their data. Like Sagent, ISGN built its offerings to meet these expectations, and together, we will move forward with an inclusive and comprehensive servicing solution.”
The terms of the transaction were not disclosed. Sagent noted that the acquisition will expand the range of solutions the company offers and supports its long-term growth strategy.
Sagent formed in 2018 as a joint venture between Fiserv and Warburg Pincus and provides mortgage and consumer lending technology.
ISGN, based in Melbourne, Fla., provides software as a service (SaaS) technology solutions to the residential mortgage industry.