House loan Servicer States Software program Co. Held Its Data ‘Hostage’

Regulation360 (February 4, 2021, 11:09 PM EST) — Bank loan servicing software package company Sagent M&C LLC has been hit with a match in Texas federal court docket by a consumer accusing the company of keeping its house loan details “hostage.” 

In the motion, which Caliber Residence Financial loans Inc. submitted Wednesday, the home finance loan servicer promises Sagent breached their contract by refusing to aid with the deconversion of Caliber’s personal information as the functions well prepared to end their settlement on acrimonious conditions. 

Caliber statements that days right before their contract was scheduled to expire, Sagent proposed that the companies retain operating jointly — “but only if Caliber agreed to indication a new, seven-year settlement, with an…

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