Mr. cooper and sagent announce agreement to create the mortgage industry's first cloud-native servicing platform

Dallas--(business wire)--mr. cooper group inc. (“mr. cooper” or “the company”) and sagent m&c, llc (“sagent”) announced today the execution of a definitive agreement under which sagent will buy certain intellectual property rights related to mr. cooper's proprietary, cloud-based technology platform for mortgage servicing, and mr. cooper will receive an equity stake in sagent. this agreement will leverage mr. cooper's mortgage servicing depth and sagent's software innovation speed to create
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