TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1148776
TH E M R EP O RT | 9 MTECH integrated into the OpenLTV ecosystem, enabling investments and interest payments in PAX stablecoin, which is equivalent to one U.S. dollar. In 2018, there were over 200,000 houses "flipped" in the U.S., and more houses pur- chased for longer-term investments through a "buy, renovate, and hold" strategy. The OpenLTV platform enables investors any- where in the world to participate in the lucrative practice of flipping houses and the opportunity to earn market-beating returns. Using OpenLTV, qualified investors can earn passive income by investing in fractional debt secured by real estate in the U.S. Leveraging AI in Mortgage SAGENT WILL USE MICROSOFT'S AZURE PLATFORM TO PROVIDE A REIMAGINED EXPERIENCE FOR BORROWERS AND LENDERS. S agent Lending Technologies announced today an initiative to transform the borrower and the lender experience through Microsoft Azure. Sagent will leverage the potential of artificial intelligence, machine learning, data science, and cognitive services available on Azure that will provide a reimag- ined experience for Sagent clients and their consumer borrowers. Building on the SaaS technology and busi- ness process outsourcing capabilities, Sagent Lending Technologies, a joint venture between Warburg Pincus and Fiserv, Inc. is partnering with Microsoft to transform the experience of auto, mortgage, and consum- er borrowers. To accomplish this, Pennsylvania-based Sagent is working to deploy, operate, and secure software and ser- vices for the future of lend- ing. This integration will use Azure to drive new levels of operating scale, end-to-end digital agility, and enhanced speed-to-market for Sagent clients that comprises a wide ecosystem of auto, mortgage and consumer lenders. It will also bring advanced data management and customer analytics that will be supplemented by Azure AI and Machine Learning tools to create an unequaled experience for borrowers and lenders. "Having a vision for the future and realizing that through a thoughtful innova- tion plan supported by a strategic technology partner is what will uniquely allow our Sagent clients to win in the ever-evolving lending marketplace. Sagent is the technology partner for lend- ers who are willing to be a few steps ahead of the rest of the industry in realizing the future," said Shaimaa Elk, EVP, CIO at Sagent Lending Technologies. "As a Microsoft Partner, Sagent's utilization of the full breadth of the Azure cloud is central to realizing a vision for the future of lending and will benefit all of our clients by creating real innovation today and tomorrow." Toni Townes-Whitley, President of U.S. Regulated Industries at Microsoft said, "Sagent Lending Technologies is embarking on a mis- sion to change the face of the auto, mortgage, and consumer lending industry. We will be able to offer our mutual clients greater flexibil- ity in how they receive and consume Sagent's solutions using Microsoft technologies, and we will create a new customer experience and financial ecosystem in this digital age." In 2018, there were over 200,000 houses "flipped" in the U.S., and more houses purchased for longer-term investments through a "buy, renovate, and hold" strategy.