BROOMALL, Pa.--(BUSINESS WIRE)--Xactus, the leading verification innovator for the mortgage industry, announced today that Joseph Peterson has been named Chief Financial Officer.
“We are excited to have Joe join our leadership team. His proven track record and strong strategic financial acumen will help guide our company as we continue to advance the modern mortgage. Joe’s contributions will be crucial to successfully executing our financial plan as we reach new heights of growth and innovation,” said Shelley Leonard, President of Xactus.
In this role, Peterson will oversee the company’s financial operations, including managing the strategic direction of Xactus’ accounting and finance functions, developing policies, procedures and financial controls, overseeing financial systems, ensuring the accuracy of internal and external reporting, identifying investment opportunities, securing funding, and managing risk.
Peterson brings more than 30 years of financial experience to his position. He most recently served as Executive Vice President and Chief Financial Officer at Sagent Lending Technologies, one of the most important technology platforms in the mortgage industry. At Sagent he helped the company achieve 40%+ revenue growth and was integrally involved in launching a new market leading mortgage servicing platform. Peterson was previously EVP and CFO for National Response Corporation where he led global finance, human resources and technology for the 2,000-employee public company. He also spent time in several CFO roles in mid-sized, private equity-backed fintech businesses, and over 13 years with American Express in senior financial leadership roles including his last role as CFO for the global technology organization. He holds a B.S. in accounting from the State University of New York at Binghamton and an MBA in finance from the Stern School of Business at New York University.
“Becoming the CFO of Xactus represents a unique opportunity for me to join the market leader with its proprietary technology platform, cutting-edge data and verification products, seasoned team of experts, innovation-driven culture, and a client base that is 6,500 strong,” said Peterson. “I look forward to playing a meaningful role in enhancing Xactus’ financial and transactional systems and processes to further advance the modern mortgage.”
About Xactus
Xactus is the leading verification innovator for the mortgage industry. The company has over 6,500 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers. Xactus collaborates closely with its clients to digitally integrate a 360° approach to verifications across their workflows. As a result, lenders can easily access the technology necessary to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy – while also closing more loans more quickly with greater profitability. For more information, please visit https://xactus.com/ or follow the company’s LinkedIn page: https://www.linkedin.com/company/xactus-llc/.
