loanDepot Promotes Viviana Abarca to Managing Director – Mortgage Lending Operations
June 17 2024 - 1:42PM
Business Wire
loanDepot, Inc. (NYSE: LDI), (together with its subsidiaries,
“loanDepot” or the “Company”), a leading provider of lending
solutions that make the American dream of homeownership more
accessible and achievable for all, today announced it has promoted
Viviana Abarca to the position of managing director of mortgage
lending operations. Abarca, who will report directly to loanDepot
President and Chief Executive Officer Frank Martell, will join the
Company’s Executive Committee. She will be based in loanDepot’s
Phoenix-area operations hub.
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loanDepot, Inc announced it has promoted
Viviana Abarca (pictured) to the position of managing director of
mortgage lending operations. (Photo: Business Wire)
Abarca is a seasoned mortgage professional who, over the past
eleven years, has held a series of leadership positions with
increasing responsibility at loanDepot. She most recently served as
Executive Vice President of Lending Operations. In her new role,
Abarca will be responsible for leading loanDepot’s loan processing,
underwriting and closing operations.
Abarca’s promotion is in line with the Company’s previously
announced Vision 2025 strategic plan, which focuses on four main
areas: First, transforming our originations business to drive
purchase money transactions with an expanded emphasis on purpose
driven lending. Second, investing in profitable growth-generating
initiatives and critical business operating platforms and processes
to support operating leverage and best-in-class quality and
delivery. Third, aggressively right sizing our cost structure to
address current and future projected market conditions. And fourth,
optimizing and simplifying our organizational structure.
“Building a world-class operations team is an integral part of
our Vision 2025 strategic plan. I cannot think of anyone better
than Viviana to take our operational capabilities to the next level
in the coming years to support accelerated growth and durable
stakeholder value creation. Viviana is a consummate professional
with an exceptional ability to achieve challenging objectives in
all business cycles. As we advance our Vision 2025 plan, under
Viviana’s leadership in lending operations we will continue to
invest in automation to drive operating leverage, develop new
customer-facing tools and functionality, and implement operational
and structural changes to optimize and streamline our operations
and position loanDepot for long-term success,” said Martell.
Added Abarca, “We have a phenomenal team, a phenomenal platform,
and an exciting opportunity to take our existing operational
excellence to the next level. We will continue to strive to exceed
the expectations of our customers and deliver a best-in-class
experience to our origination partners. This is critical work that
will support the growth and success of loanDepot as we pivot into
the next cycle.”
About loanDepot
loanDepot (NYSE: LDI) is a leading provider of lending solutions
that make the American dream of homeownership more accessible and
achievable for all, especially the increasingly diverse communities
of first-time homebuyers, through a broad suite of lending and real
estate services that simplify one of life's most complex
transactions. Since its launch in 2010, the company has been
recognized as an innovator, using its industry-leading technology
to deliver a superior customer experience. Our digital-first
approach makes it easier, faster and less stressful to purchase or
refinance a home. Today, as one of the largest non-bank lenders in
the country, loanDepot and its mellohome operating unit offer an
integrated platform of lending, loan servicing, real estate and
home services that support customers along their entire
homeownership journey. Headquartered in Southern California and
with hundreds of local market offices nationwide, loanDepot’s
passionate team is dedicated to making a positive difference in the
lives of their customers every day.
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version on businesswire.com: https://www.businesswire.com/news/home/20240617927755/en/
Jonathan Fine VP, Public Relations (781) 248-3963
jfine@loandepot.com
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