Sagent bolsters board of directors

Sagent has added the former head of Fannie Mae’s single-family business to its board of directors.

Joining the fintech company’s board is Andrew Bon Salle, a 30-year mortgage veteran who previously led Fannie’s single-family operations as executive vice president. Bon Salle spent 28 years at the mortgage firm, where he managed its $3 trillion credit portfolio, oversaw engagement with customers and industry stakeholders, and supervised all single-family capital markets activities.

Sagent said that Bon Salle’s appointment accelerates its “vision to remake loan servicing from the consumer perspective, and deepens Sagent’s relationships with customers, regulators and investors.” Bon Salle will also help the company modernize mortgage servicing and grow its market share.

“Rewiring loan servicing with highly configurable platforms requires huge scale and resources, and few understand this better than Sagent’s new board member Andrew Bon Salle,” said Sagent CEO Dan Sogorka. “In close partnership with our bank and lender customers, some of the world’s most powerful investors, and board members like Andrew, Sagent is innovating faster than ever on our three core servicing platforms and is the only major industry platform prioritizing modernization over margins.”

“Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors and stewards of consumer protection to regulators. And I believe Sagent is leading this charge in today’s market,” Bon Salle said. “It’s taken time to modernize servicing because it’s the last, most complex frontier of consumer finance. But our industry is now ready to show consumers and regulators that servicing is where lifetime customer care is managed and grown. Sagent fully understands the gravity of this responsibility, and I look forward to driving it with them.”