Xetus Mortgage Corp. has named a new president/CEO and is expanding the functionality of its software-as-a-service loan origination and management platform, the Palo Alto, Calif., company said.
Scott Stein was promoted from vice president of sales and marketing and will lead a 2011 focus on offering clients more ways to grow origination volume and new tools for managing compliance and risk associated with debt instruments, HELOC maturity management, origination and subordination, and loan modifications, the company said.
Stein said additional software engineers are being hired to help develop the new functionality.
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