mortgageservicing

In this episode, we are in conversation with Dan Sogorka, CEO & President of Sagent - a cutting-edge technology company that modernizes the lending and homeownership experience for loan servicers and millions of consumers across the country.

In this episode, Dan talks about the service industry and what Sagent is doing differently to embrace the tumultuous mortgage market head-on. Dan also discusses how Sagent has embraced technology with its myriad of tools and the quintessential element of empathy for providing a delightful and a seamless experience for its consumers. 

He shares his perspective about how the industry needs to be surgical, focus on specific needs, and trust the people to deploy the right kind of technology. He believes that the servicing aspect is going to remain strong despite a probable recession. 

To learn more, listen to the complete episode.

This episode is hosted by Vaultedge.

Vaultedge is a mortgage automation software that helps you produce & service more loans doing less work. You can visit us on https://www.vaultedge.com/ 

The bond purchasing program initiated by the fed along with the impact of COVID-19 has created extreme volatility in the 10-year treasury which influences long-term mortgage rates.  Just this month, the 10-year ranged from 45 basis points to 1.2%.

As a result of the erratic bond movement, there has been a wave of margin calls by broker-dealers who sold hedges to mortgage bankers quickly eroding the bankers working capital.

Joining the podcast to discuss the mortgage market is Brent Nyitray, Director of Capital Markets at Ark Mortgage.  Brent is also the author of the Daily Tear Sheet’s, “Morning Report”, a daily update on financial markets and the economy.