Sagent Appoints Fannie Mae Vet and Mortgage Fintech Pacesetter Marianne Sullivan as Chief Operating Officer
Exec who made digital mortgage mainstream from top GSE and fintech posts will now oversee modernization of $13,000 mortgage servicing sector
KING OF PRUSSIA, PA, January 12, 2023–(BUSINESS WIRE)–Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today named Marianne Sullivan as Chief Operating Officer to accelerate the development of the industry’s first and only cloud-based software that powers home lifecycles for ownership and loan servicing for service providers, consumers, investors and regulators. Sullivan will remain on Sagent’s board as she assumes an active operational role.
“Marianne Sullivan joined Sagent’s board of directors in September 2020 to help build our cloud-based software vision and multi-year execution plan,” said Sagent CEO Dan Sogorka. “Phase one of the plan was to expand the management team, renew and expand Sagent client relationships, complete our landmark client/partner agreement with top US services Mr. Cooper, and integrate the Mr. Cooper fintech team we acquired into Sagent. Phase two is for Marianne to lead rapid progress on our next-generation software platforms for America’s intricate and highly regulated $13 trillion mortgage servicing sector. This will be the final chapter in Marianne’s career as a mortgage fintech pacesetter and scale execution specialist.”
Sullivan has led some of the biggest innovation milestones in mortgage and consumer finance. At Fannie Mae, she led the creation and launch of two transformational initiatives: Collateral Underwriter®, which enables immediate verification of housing assessments; and Day 1 Safety™, enabling the modern mortgage era with digital native loan origination infrastructure and risk relief for lenders. As a board member of Finicity, Sullivan helped grow the company, which led to its sale to Mastercard, while enabling major advances in the inclusion of home ownership with the automation of borrower cash flow data – including rent payment history – in credit decisions by lenders.
“Building the future of mortgage servicing technology is about granular, nuanced innovation and flawless execution across scale operations where every detail is highly regulated,” said Sullivan. “That’s what Sagent stands for, and we credibly execute alongside America’s largest mortgage servicers because our fintech engineering and product teams are subject matter experts with deep resumes in the service trenches. My job is to help accelerate this specialized modernization of the largest sector in consumer finance.”
Sagent has the industry’s only service platforms for corporate, standard and consumer loans that are all synchronized with real-time data. This is the latest in a series of Sagent moves to transform the home ownership experience for financial organizations serving millions of consumers with trillions in mortgages.
About Sagent
Sagent empowers America’s leading bank and non-bank lenders to engage, nurture, retain and modernize the home ownership experience for millions of borrowers. Servicers use our flexible, scalable and configurable solutions to engage borrowers and earn customer loyalty, reduce servicing costs, ensure compliance and increase the value of servicing rights throughout market cycles. Backed by Warburg Pincus, one of the world’s leading private equity investors, Sagent operates trillions in unparalleled mortgage servicing for its clients. Visit www.sagent.com to learn more.
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