Sagent promotes Sridhar Sharma to CEO, Andrew Bon Salle to chairman

Sagent announced on Monday the promotion of Sridhar Sharma to chief executive officer and appointed former Fannie Mae executive Andrew Bon Salle as chairman of its board of directors. The leadership changes come as the mortgage technology company expands the deployment of Dara, its artificial intelligence-powered mortgage servicing platform. Sharma, who formerly served as Sagent’s president, takes the CEO role just nine months after Sagent hired Chris Marshall for the same role. Under Marshall’s leadership, the company “transformed its vision for mortgage servicing modernization into Dara,” per Sagent’s press release. It is unclear from the announcement whether Marshall, who also served as Sagent’s board chairman, is still at the company. The company did not return HousingWire’s request for comment at the time of publication. Sharma previously served as Sagent’s president and has been involved in developing the company’s servicing technology strategy. Before joining Sagent, he spent about a decade at Mr. Cooper, where he held leadership roles focused on product, technology and artificial intelligence. During his tenure at Mr. Cooper, Sharma worked on artificial intelligence and mac...