Sagent Lending Technologies has agreed to buy ISGN Corp. in a deal that would enlarge the company's loan servicing division.
Sagent —
Financial terms of the deal were not disclosed.
"We look forward to having the ISGN clients and team members join our broader Sagent community. Together we will remain focused on providing a superior borrower experience and lowering the total cost of servicing," Bret Leech (pictured above), CEO of Sagent Lending Technologies, said in a press release. "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 addition of ISGN to the fold enhances Sagent's growth in the long term. It also brings in TEMPO, ISGN's default management software that tracks and manages the default servicing life-cycle for servicers, attorneys and vendors. The main mission of both companies is to improve the overall lending experience.