Viviana Abarca has been promoted to managing director of mortgage lending operations at loanDepot.
Abarca will report directly to loanDepot president and CEO Frank Martell and will join the company’s executive committee. She will be based in loanDepot’s Phoenix-area operations hub.
Abarca is a seasoned mortgage professional who, over the past 11 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.
“Building a world-class operations team is an integral part of our Vision 2025 strategic plan,” says Frank Martell, president and CEO of loanDepot, in a release. “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,” Martell adds. “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.”