BROOMALL, PA — Xactus, a leading innovator in the mortgage industry, announced the appointment of Joseph Peterson as its new Chief Financial Officer. This key addition marks a significant step for Xactus as it navigates through an era of growth and technological advancement in the mortgage sector.
Shelley Leonard, President of Xactus, expressed enthusiasm about Peterson’s arrival, stating, “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.” Leonard emphasized the pivotal role Peterson is expected to play in executing the company’s financial strategies to achieve new milestones in growth and innovation.
Peterson, bringing over three decades of financial expertise to the role, will be responsible for overseeing the financial operations at Xactus. His duties will encompass managing the company’s accounting and finance strategies, developing policies and procedures, ensuring accurate financial reporting, identifying investment opportunities, securing funding, and managing risk. His comprehensive approach aims to strengthen Xactus’ position in the mortgage industry through effective financial stewardship.
Before joining Xactus, Peterson served as the Executive Vice President and Chief Financial Officer at Sagent Lending Technologies, where he played a crucial role in achieving over 40% revenue growth. He was instrumental in launching a groundbreaking mortgage servicing platform, showcasing his ability to drive technological innovation and financial growth. Peterson’s extensive experience also includes senior financial roles at National Response Corporation and over a decade at American Express, underscoring his financial leadership in technology-driven environments.
On his appointment, Peterson remarked, “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.” He expressed eagerness to contribute to the enhancement of Xactus’ financial systems and processes to further advance the modern mortgage landscape.
Peterson’s appointment as CFO of Xactus reflects the company’s commitment to innovation and excellence in the mortgage industry. With his vast experience and strategic insight, Peterson is set to play a vital role in guiding Xactus through its next phase of financial and technological evolution, ensuring the company remains at the forefront of the mortgage solutions sector.
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