Sagent appoints former Mr. Cooper exec Jaime Gow as CFO

Servicing technology provider Sagent welcomed a new C-suite executive, who comes to the company from a mortgage heavyweight and investor it is cooperating closely with in a 2024 product rollout.

The King of Prussia, Pennsylvania-based technology firm named Jaime Gow chief financial officer. Gow arrives at Sagent after recently holding the same CFO title at Mr. Cooper Group. One of the largest mortgage servicers in the country, Mr. Cooper owns a stake in Sagent and is helping introduce its new servicing technology platform this year.  

"Jaime has led at companies ranging from de novo banks, to leading regional banks, to industry leaders such as Mr. Cooper," said Sagent CEO Geno Paluso in a press release. "Jaime knows every detail that mortgage servicers need to win, and he'll make Sagent a stronger-than-ever strategic partner to our customers and prospects."

With executive experience across banking and mortgage industries, Gow first joined Mr. Cooper in 2019, later ascending to the CFO role in 2022. Earlier in his career, he also served as senior vice president, banking financial executive at First Horizon Bank and chief accounting officer at Capital Bank. 

Gow's appointment comes during a period of leadership transition at both Sagent and Mr. Cooper that previously featured another significant move between the two companies. Chris Marshall, Mr. Cooper's former president, joined Sagent as executive chairman in early 2024 after announcing his plans to retire from the Dallas-based servicer and originator this year. 

Soon after Marshall's appointment, Paluso himself took the helm at Sagent in February upon the departure of Dan Sogorka. The move came a few weeks before Sagent unveiled its cloud-native platform called Dara, with plans for Mr. Cooper to test several features before piloting a full version by year end.  

Sagent's latest leadership appointment also follows the recent exit of its former chief technology officer. Uday Devalla, who played a key role in the development and launch of Dara, made the announcement in a Linkedin post early this week. 

As CFO, Gow will oversee Sagent's financial operations and lead strategic planning and deal making with customers. He will also help lead the financial investment and development of Sagent's full range of servicing products, including Loanserv and Tempo, in addition to Dara, as the company seeks expanded market share.

"Sagent's new Dara platform can lower servicer operational costs across all mortgage servicing areas (like boarding, cash processing, escrows, call center, loss mitigation and claims), and a big part of my job is to help our customers and prospects find and maximize these efficiencies in their own operations," Gow said. 

Development of Dara is taking place as mortgage servicers and technology firms face a significantly different business environment compared to prior years. The industry entered 2024 after a prolonged period of disruption that featured frequent merger announcements, including approval of the acquisition of Sagent's technology rival Black Knight by Intercontinental Exchange. Among servicers, companies, including Mr. Cooper and Rithm Capital, also purchased other businesses.