#USA #Coppell #Sagent #Dara Platform #Land Home Financial

Transforming Mortgage Servicing: Land Home Financial Services and Sagent

In a notable advancement in the mortgage servicing landscape, Sagent, a prominent fintech specializing in mortgage servicing solutions, has announced a collaboration with Land Home Financial Services, Inc. The two companies will implement Dara, an innovative, end-to-end mortgage servicing platform. This strategic move aims to modernize Land Home's core operations, enhancing both the consumer experience and the efficiency of their servicing processes.

Land Home Financial Services, established in 1988, has built a reputation as a community-oriented mortgage lender, particularly noted for its support of Housing Finance Agencies (HFAs). By deploying Dara, Land Home intends to revolutionize its servicing structure through unified workflows and real-time data accessibility. This integration is designed to streamline interactions for consumers, servicing teams, and investors alike.

The Vision Behind the Partnership

The decision to adopt Dara underscores Land Home's commitment to tackling the complexities associated with specialty servicing operations. As outlined by Chris Marshall, CEO of Sagent, the deployment of Dara reflects a critical need to adapt to the evolving demands of servicing both performing and non-performing loans while maintaining a customer-centric approach.

Chris Wittrig, Senior Vice President and CIO for Land Home, further elaborated on the initiative, stating, "From the beginning, our foundation has been centered around a community lending model. The complexity of our servicing needs has grown, but our commitment to fostering long-term relationships remains a priority. Dara offers us a modern, streamlined platform to enhance our work with various stakeholders, ensuring transparency and efficiency for the homeowners we serve."

Comprehensive Solutions with Dara

Under the newly formed agreement, Land Home will integrate the comprehensive suite of Dara products which includes:

• - Dara Core: Managing core servicing operations seamlessly.
• - Dara Consumer: Enhancing the borrower experience.
• - Dara Default: Addressing delinquent accounts and defaults effectively.
• - Dara Analytics: Providing powerful insights and analyses.
• - Dara Claims: Streamlining the claims process.
• - Dara Invoice: Simplifying invoicing mechanisms.
• - AI Docs: Utilizing artificial intelligence to enhance document workflows.

This holistic approach will not only optimize Land Home's servicing efficiency but also facilitate a more connected experience across the mortgage servicing lifecycle.

A Lasting Relationship with Sagent

Land Home and Sagent have been partnering for the past five years, and the move to adopt Dara exemplifies the next phase of their fruitful collaboration. As stated by Sridhar Sharma, President of Sagent, this transition positions Land Home at the forefront of the mortgage servicing industry, consolidating its operations around a unified platform that prioritizes customer satisfaction.

"By migrating to Dara, Land Home is equipping itself to navigate the complexities of specialty servicing at scale, delivering a simpler and more efficient experience throughout the servicing lifecycle," Sharma explained.

The Dara platform, recognized as the first cloud-native solution for mortgage servicing, combines core servicing, consumer engagement, default management, analytics, claims, and loan transfers into a singular, cohesive system. This integration allows real-time data sharing and open API connectivity, setting a new standard in mortgage servicing technology.

About Land Home and Sagent

Founded in 1988, Land Home Financial Services operates nationwide with a strong commitment to community lending. The company serves a wide array of lending programs and acts as a master servicer for HFAs, dedicated to expanding homeownership access through mission-driven initiatives.

Sagent, on the other hand, empowers a broad range of financial institutions with flexible and scalable solutions designed to improve borrower engagement and streamline servicing operations. Backed by Warburg Pincus, Sagent supports trillions in outstanding mortgage servicing and is a pivotal player in the homeownership experience for millions of borrowers across the country.

In conclusion, the collaboration between Land Home Financial Services and Sagent marks a significant step forward in enhancing mortgage servicing capabilities, equipped with cutting-edge technology that is set to benefit consumers and service providers alike.