The company launched in 2017 in New York and Charlotte, centered around a real estate technology platform designed to empower agents, brokerages and lenders to boost homebuyers’ customer experience via its financial products and digital workflow software.
Ribon also lets “everyday families” compete with high-net-worth individuals and institutional buyers by upgrading their offers to “RibbonCash” offers. This process allows homebuyers to make an all-cash offer on a home, waiving mortgage and home sale contingencies. As Ribbon explains, its guaranteed close in this case gives buyers, sellers and agents more predictability and certainty, and Ribbon can also reserve the home.
Sagent has extended its partnership deal with Freedom Mortgage Corp for five more years.
Sagent is a fintech company focused on modernizing mortgage and consumer loan lending for America’s banks and lenders. Freedom Mortgage is a mortgage lender.
The agreement calls for Sagent to continue to enable Freedom’s enterprise and consumer mortgage servicing system. Specifically, Freedom Mortgage will use Sagent’s cloud-based homeowner-first platforms including LoanServ for core servicing, Tempo for default management and CARE for homeowner experience.