loanDepot appoints Adam Saab as EVP of Servicing

IRVINE, Calif. - loanDepot, Inc. (NYSE:LDI), a $1.23 billion market cap mortgage lender with annual revenue of $1.12 billion, announced Monday the appointment of Adam Saab as Executive Vice President of Servicing, adding over 25 years of mortgage servicing experience to its leadership team. According to InvestingPro analysis, the company maintains a FAIR financial health score despite current industry challenges.

Saab will oversee the company’s servicing platform and loan portfolio from loanDepot’s Plano, Texas office, focusing on operational excellence and customer experience while ensuring regulatory compliance. This appointment comes at a crucial time, as InvestingPro data shows the company faces profitability challenges, with analysts not expecting positive earnings this year. Get access to 12+ more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.

Prior to joining loanDepot, Saab held senior leadership positions at Cenlar, where he led early-stage default operations and redesigned servicing processes. At LoanCare, he managed a portfolio of 1.7 million loans across more than 75 clients, helping build the company into the second largest subservicer at that time. His experience also includes mortgage and consumer operations leadership at PNC Bank and positions at CitiMortgage.

"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," said loanDepot Founder and CEO Anthony Hsieh in a press release statement.

In his new role, Saab will lead daily operations and strategic initiatives for loanDepot’s servicing division, working to deliver what the company describes as a seamless, technology-enabled borrower experience.

"I’m particularly excited to join loanDepot with Anthony back at the helm," Saab stated, referring to Hsieh’s leadership at the mortgage lender, which has been licensed in all 50 states since its launch in 2010. Despite recent challenges, the company’s stock has shown strong momentum, posting a remarkable 162% return over the past six months. Discover more insights about LDI and 1,400+ other stocks with detailed Pro Research Reports, available exclusively on InvestingPro.

In other recent news, LoanDepot reported its second-quarter 2025 earnings, revealing a larger-than-expected loss per share of $0.06, which was a significant miss compared to the forecasted loss of $0.02. Revenue also fell short of expectations, totaling $282.54 million against a forecast of $321.66 million. These results have raised concerns among investors about the company’s financial performance. Additionally, LoanDepot completed a private offering of $150 million in secured term notes through its indirect subsidiary, loanDepot GMSR Master Trust. The notes, which mature in 2030, are secured by mortgage servicing rights on Ginnie Mae-backed securities.

BTIG initiated coverage on LoanDepot with a Neutral rating, identifying it as a top-20 mortgage lender with a current servicing portfolio of $118 billion. Citron Research released a bullish report on LoanDepot, suggesting that the mortgage lender’s servicing business is undervalued. Citron argued that the servicing portfolio alone could be worth approximately $5.50 per share, applying valuation multiples similar to those of competitors. These developments highlight the mixed perspectives on LoanDepot’s current valuation and future prospects.

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