Mr. Cooper Group completed the acquisition of a stake in Warburg Pincus-backed Sagent M&C for $250m.

Mr. Cooper Group, a home loan servicer, completed the acquisition of a stake in Warburg Pincus-backed Sagent M&C, a fintech software company, for $250m. “We believe Sagent’s shared vision, technology, and scale execution will help drive Mr. Cooper’s strategic growth by giving us the opportunity to bring our combined best-in-class servicing platforms to the industry, ultimately accelerating the future of mortgage servicing software and providing innovative solutions to mortgage servicers and their customers,” Jay Bray, Mr. Cooper Group Chairman and CEO.