LOS ANGELES--(BUSINESS WIRE)--PeerStreet, a platform for investing in real estate backed loans, has promoted Ellen Coleman to Chief Financial Officer. Coleman joined the company a year ago as EVP of Finance. As CFO, she’ll oversee a variety of different teams, including finance, accounting, treasury, servicing, and capital markets, and will focus on bringing more automation to various financial systems for the company and its users.
Coleman brings more than 15 years of experience in corporate treasury within the mortgage industry, and made an immediate and important impact upon joining PeerStreet. Prior to Coleman joining, much of PeerStreet’s tech investment was customer-focused, building intuitive and comprehensive platforms and new products. Coleman’s hire helped bring a renewed focus on internal technology innovation, transforming many of the company’s more manual financial operations processes into automated ones for greater efficiency and accuracy.
This work has included launching APIs for PeerStreet’s purchasing and wire processes, saving time for the company and clients alike. She spearheaded automating settlement statements to further improve the company’s loan purchasing across the board. She also played an instrumental role in the company securing $60 million in Series C funding and $4.25 billion in capital commitments in the latter half of 2019.
“It’s hard to overstate the impact Ellen has had in a relatively short time here. She quickly became a respected leader throughout the company and we are lucky to have her leading our finance efforts,” said Brew Johnson, co-founder and CEO of PeerStreet. “We’re looking to build upon the momentum she’s already brought to our financial operations, bringing more automation and innovation to every touchpoint of our business.”
Coleman came to PeerStreet with a strong track record in both treasury operations and debt capital raising, demonstrating proven success with building finance and treasury teams, cash management and wire operations, and establishing new processes to support business objectives, particularly for enabling growth. Coleman’s experience will continue to be invaluable for PeerStreet as the company scales and expands both the overall platform as well as its finance and credit operations.
“It’s been an incredibly rewarding year at PeerStreet, from marquee achievements like our Series C raise to the less sexy, behind-the-scenes improvements to financial systems, modeling, and reporting,” said Coleman. “I continue to be inspired by the teams and individuals I get to work with on a daily basis, and am so excited to see what new heights we can reach together in 2020.”
Prior to joining PeerStreet in 2019, Coleman held positions as Managing Director at Countrywide Financial Corp, Treasurer at Stearns Lending, and Executive Vice President and Treasurer at both Nationstar Mortgage and Homeward Residential, Inc.
PeerStreet’s growth recently earned the company a place within the top 25 in Deloitte’s 2019 Technology Fast 500 Ranking of fastest-growing technology companies. With recent recognition for both its award-winning culture and technological innovation, PeerStreet has continually adapted as it has grown to capitalize on a clear need in the mortgage finance space for easy, transparent real estate debt investing.
PeerStreet is a technology platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables accredited investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.
Loans are sourced from vetted private lenders throughout the United States who often have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities—one house at a time. PeerStreet was founded in 2013 and is backed by such renowned venture capitalists as Andreeson Horowitz, World Innovation Lab and Thomvest.