Sagent Wins Progress in Lending Innovations Award for Dara: Servicing-Forward Technology that Unifies Data and User Experiences
Innovation isn’t just a buzzword to our team – it’s a key ingredient to being fintech leaders as we continue delivering top-notch servicing tech stacks to the industry at large. We pride ourselves on helping our customers be heroes to homeowners, and keeping innovation at the core of our development is exactly how we’ll advance in our ever-changing landscape.
When hearing that our single servicing solution Dara was recognized by Progress in Lending under its Innovation Awards segment, we were thrilled, motivated to continue driving success, and of course, humbled.
The Innovations Award celebrates organizations that push the envelope in mortgage technology, and we’re honored to be highlighted alongside other industry leaders who are shaping the future of housing finance.
Why Dara is a Game-Changer
Sagent developed Dara to meet a pressing demand for servicing modernization that remains unmet by existing solutions. Dara is the first servicing system of record to unify all data and user experiences for servicers and homeowners across the entire loan lifecycle. This powerful AI-driven platform simplifies and streamlines mortgage servicing like never before by bringing together six key components: Core, Consumer, Default, Movement, Data and AI.
Dara integrates real-time data, AI, and cloud-native APIs to help servicers reduce operational costs, improve efficiency and enhance compliance all while providing a seamless, transparent, and user-friendly experience for homeowners.
Dara is Transforming Servicing and Lowering Costs
This recognition from Progress in Lending highlights the impact that Dara is having on mortgage servicing. These revolutionary improvements to the industry include:
- AI-Powered Document Management: Dara AI Docs can read and process over 3,000 pages per minute and extract data from 300+ document types, from pay stubs to deeds, eliminating hours of manual work for servicers.
- Smarter Loss Mitigation: Homeowners facing financial hardship often struggle with opaque, outdated processes. Dara makes loss mitigation simpler and more transparent, reducing call volumes while keeping homeowners informed and engaged.
- Built-In Compliance Updates: Mortgage regulations are constantly evolving, and servicers can’t afford to play catch-up. Dara leverages AI-driven real-time updates to instantly integrate regulatory changes across FHA, VA, USDA, FNMA, FHLMC, and MI loans, ensuring servicers remain compliant and proactive in adapting to new standards.
- Lower Costs & Greater Efficiency: By automating workflows and eliminating inefficiencies, Dara is reducing operational costs for servicers by up to 40% and significantly lowering the cost-per-loan (CPL), which can be as high as $2,000. This efficiency frees up teams to focus on what really matters: delivering excellent service to their customers.
A Win for Servicers and Homeowners
At its core, Dara is about making mortgage servicing simpler and more transparent for everyone involved. For servicers, it means smarter automation, real-time data, and lower costs. For homeowners, it means a stress-free, modern mortgage experience with instant access to their loan details and personalized support when (and where) they need it most.
Winning the Progress in Lending Innovations Award is a proud moment for Sagent, but for us, the real win is seeing how Dara is making a tangible impact on our customers and homeowners we all serve. We’re not just building new technology; we’re redefining the future of mortgage servicing.
Looking Ahead
With Dara continuing to evolve and new innovations on the horizon, Sagent remains committed to redefining what’s possible in mortgage servicing technology. This award reflects the hard work, creativity, and dedication of the entire Sagent team (and that includes our customers and partners!). Congratulations to everyone who contributed to making Dara a game-changing platform!