Sagent has appointed Chris Marshall as its new CEO, the Dallas-based provider of mortgage servicing technology announced in a press release Monday.

Outgoing CEO Geno Paluso, who had held the corner office position at Sagent since February 2024, will remain on the company’s board of directors with the title of vice chairman. He will also serve as a senior adviser to Marshall during the transition.

Marshall, who will retain his role as chairman, joined Sagent’s board in 2022 as part of an agreement with loan service provider Mr. Cooper Group. He previously served as president and vice chairman at Mr. Cooper and held executive roles at Ally Bank, Fifth Third Bank and Bank of America.

“As a Sagent board leader since 2022, my primary focus has been to ensure Sagent had world-class leaders like Geno Paluso, and the long-term resources needed to build the industry’s top mortgage servicing technology team and platform,” Marshall said in a press release.

He added: “We’ve been extremely fortunate to have Geno’s leadership during the build phase of Dara, and as we move into the implementation phase, our team’s world-class technology and innovation skills will help ensure Sagent customers and prospects experience the highest levels of customer delight.”

First announced in 2024, Dara is a mortgage software platform that “unifies data and AI-integrated user experience across the entire core, consumer and default servicing lifecycle,” according to the press release.