Sagent has appointed Kenneth Posner as chief financial officer, bringing on a mortgage industry veteran with more than 30 years of experience in servicing, banking, capital markets, and financial services.
Posner will oversee the company's financial operations and strategy as Sagent continues to expand its cloud- and AI-native mortgage servicing technology offerings.
He joins Sagent from Mr. Cooper Group, where he led strategy and investor relations as the company grew into the nation's largest mortgage servicer prior to its acquisition by Rocket Companies. Earlier in his career, Posner co-founded Capital Bank Financial Corp., which acquired and recapitalized banks in the aftermath of the Great Financial Crisis. He also served as a senior research analyst at Morgan Stanley, covering mortgage, financial, and fintech companies.
"Ken's ability to connect market insight with execution is exceptional, as is his discipline in driving long-term value," said Sagent Chairman and CEO Chris Marshall. "His experience across banking, capital markets, and servicing will help Sagent continue to grow with focus and strength."
The appointment comes as Sagent works to scale Dara, its next-generation mortgage servicing platform.
"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," said Sagent President Sridhar Sharma.
Posner said he was drawn to the company's focus on innovation in mortgage technology.
"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," he said.
Sagent, backed by Warburg Pincus, provides servicing technology to banks and nonbank lenders and says its platforms support trillions of dollars in outstanding mortgage servicing.
