loanDepot Appoints Adam Saab as Executive Vice President of Servicing
Industry leader brings 25+ years of servicing and subservicing experience to loanDepot's executive team
loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company") today announced the appointment of Adam Saab as Executive Vice President of Servicing. With more than 25 years of experience in mortgage servicing and subservicing, Saab joins loanDepot's executive leadership team to oversee the Company's servicing platform and loan portfolio, driving operational excellence and growth while ensuring regulatory compliance and a best-in-class customer experience.
Said loanDepot Founder and CEO Anthony Hsieh, "loanDepot has a unique set of assets, including a diversified, multi-channel originations strategy that creates a flywheel effect and results in a strategic advantage. Adam is a great addition to our leadership team as we grow our servicing operations: he is seasoned and highly respected, he has a deep understanding of the operational complexities of the business, and his wide experience, combined with his strategic mindset and deep commitment to the customer experience, make him an ideal fit for loanDepot."
Saab has held senior leadership roles at CitiMortgage, PNC Bank, LoanCare and, most recently, Cenlar. There he led early-stage default operations and spearheaded a comprehensive redesign of servicing processes to meet evolving regulatory requirements, resulting in tighter cycle times, lower expenses, and improved customer outcomes. At LoanCare he managed a portfolio of 1.7 million loans across more than 75 clients, helping drive the company's growth into the nation's second largest subservicer at the time. At PNC Bank, he led both Mortgage and Consumer Operations, successfully merging platforms and best practices across multiple lending products.
Said Saab, "I'm particularly excited to join loanDepot with Anthony back at the helm. His vision, along with loanDepot's commitment to innovation and customer excellence, align perfectly with my own values and what truly motivates me. I'm thrilled to join the team to help drive servicing excellence as loanDepot continues to evolve and grow."
In his new role, Saab will lead loanDepot's servicing division, overseeing daily operations, strategic initiatives, and cross-functional partnerships to deliver a seamless, tech-enabled borrower experience. He will be based in the Company's Plano, TX office.
About loanDepot:
Since its launch in 2010, loanDepot (NYSE:LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.
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