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13 July 2024 M O V E R S & S H A K E R S the metropolitan New York City region, and on the West Coast, which serve the needs of high-net worth individuals and their businesses. LOANDEPOT PROMOTES MANAGING DIRECTOR OF MORTGAGE LENDING OPS loanDepot Inc. has promoted Viviana Abarca to the position of Manag- ing Director of Mortgage Lending Operations, reporting directly to loanDepot President and CEO Frank Martell, and she will join the company's Executive Committee. Abarca's promotion is in line with the company's previously announced Vision 2025 strategic plan, which focuses on transforming the origination business to drive purchase money transactions with an expanded emphasis on purpose driven lending. Second, investing in prof- itable 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 organiza- tional structure. "Building a world-class operations team is an integral part of our Vision 2025 strategic plan," Martell said. "I can- not 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 Viv- iana'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 struc- tural changes to optimize and streamline our operations and position loanDepot for long-term success." Abarca is a seasoned mortgage pro- fessional who, over the past 11 years, has held a series of leadership positions with increasing responsibility at loanDepot. She most recently served as EVP of Lending Operations. In her new role, Abarca will be responsible for leading loanDepot's loan processing, underwrit- ing, and closing operations. "We have a phenomenal team, a phenomenal platform, and an exciting opportunity to take our existing opera- tional excellence to the next level," Abar- ca added. "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." CARRINGTON ANNOUNCES NEW CIO After 17 years of service to The Carrington Companies in various information technology (IT) and data management roles, Brett Wilbur has been promoted to EVP, Chief Information Officer, reporting directly to Andrew Taffet, CEO of The Carrington Companies. In his new role, Wilbur assumes the diverse responsibilities of overseeing all aspects of the IT organization and providing leadership as Carrington continues to optimize its existing infrastructure and systems and move forward with new initiatives as technology advances. "We have a phenomenal team, a phenomenal platform, and an exciting opportunity to take our existing operational excellence to the next level." —Viviana Abarca, Managing Director of Mortgage Lending Operations, loanDepot Inc.