Xetus Appoints Scott Stein as Its New President and CEO

Xetus has announced the appointment of new President and Chief Executive Officer Scott Stein to spearhead its 2011 expansion of complementary tools to its XetusOne Loan Management Platform. Stein, who previously served as the company’s vice president of sales and marketing, is a perfect fit for Xetus, said Mike Phillips, chairman of Xetus: “Scott has a superb mastery of both sales and engineering that guarantees our continued success. He understands our customers’ needs and is able to expertly communicate with them regarding the technical aspects of our products.” Under Stein’s leadership, Xetus will focus on capitalizing on 2010’s unprecedented growth—including the tripling of revenue and 25 percent increase in customers—by offering clients additional ways to grow origination volume and better manage risk associated with both senior and subordinate debt instruments. Stein says Xetus will introduce tools that enhance the company’s origination, subordination, home equity lines of conversion (HELOC) maturity management and loan modification offerings. "We are making a significant, long-term investment in the way we deliver service to our client base to better serve our customers and anticipate their needs,” said Stein. “The breadth of our technology has already allowed clients to strategically position themselves in this market, and we are excited to offer these new, enhanced capabilities.” For more information, visit www.xetus.com.