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Sagent, a King of Prussia, Pennsylvania-headquartered fintech software company focused on mortgage servicing for banks and lenders, has opened a non-U.S. headquarters in Chennai, India.

The new 18,367 square-foot facility will employ more than 120 individuals. Sagent Chief Technology Officer Uday Devalla insisted the company has hired team members with experience in both fintech and mortgage servicing.

“Dual mortgage/fintech experience is required to truly innovate in a sector as complex as mortgage servicing,” said Devalla. “Sagent’s team now has the most successful servicing operators and best-in-class product engineers/fintech leaders, and our India expansion will help us fulfill our high talent bar.”

“Sagent India is a bright team full of relevant, reliable talent, and this team has a relentless commitment to the Sagent vision,” added Naren Sundram, senior vice president and head of India at Sagent. “We’re all moving quickly on Sagent’s vision to fundamentally change America’s housing ecosystem and deliver positive outcomes for servicers and homeowners.”