Xactus, the leading verification innovator for the mortgage industry, announced Joseph Peterson has been named chief financial officer (CFO).

“We are excited to have Joe join our leadership team,” Shelley Leonard, Xactus president, said. “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.”

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 over 30 years of financial experience to his position. He most recently served as executive vice president (EVP) and CFO at Sagent Lending Technologies. At Sagent, he helped the company achieve over 40 percent revenue growth and was involved in launching a new mortgage servicing platform.

Peterson was previously EVP and CFO for National Response Corp., where he led global finance, human resources and technology. He was also CFO in several mid-sized, private equity-backed fintech businesses, and spent over 13 years with American Express in senior financial leadership roles.

“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,” Peterson said. “I look forward to playing a meaningful role in enhancing Xactus’ financial and transactional systems and processes to further advance the modern mortgage.”