Sagent, the mortgage industry’s leading provider of cloud- and AI-native servicing technology, today announced the appointment of Kenneth Posner as Chief Financial Officer, responsible for financial operations and strategy.
Posner joins Sagent with over 30 years of experience in the mortgage and financial services industry. He led strategy and investor relations at Mr. Cooper Group, which grew to become the country’s largest servicer prior to its acquisition by Rocket Companies. He was a co-founder of Capital Bank Financial Corporation, which acquired and recapitalized banks in the aftermath of the Great Financial Crisis. Previously, Posner was senior research analyst at Morgan Stanley, where he covered 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.”
Sridhar Sharma, President of Sagent, added, “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.”
“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,” said Posner.
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