LoanCare Names Adam Saab Chief Operating Officer

VIRGINIA BEACH, Va., June 8, 2017 /PRNewswire/ -- LoanCare, a ServiceLink company, announced today that Adam Saab has assumed the role of executive vice president and chief operating officer, effective June 5, 2017.

In this executive leadership position, Saab is responsible for leading LoanCare's effective and cohesive operations management team to manage business plan objectives, maximize client business opportunities and meet customer service goals and standards.

"Adam is going to take LoanCare to the next level," said Dave Worrall, president of LoanCare. "The background Adam has developed at regulated banks and his deep experience managing large-scale servicing operations for both primary mortgages and home equity credit give LoanCare a valuable advantage as we expand to serve more customers."

In his most previous role, Saab held the position of senior vice president at PNC Mortgage where he was responsible for core servicing for all mortgage and consumer products for the bank. In addition, he was responsible for the home lending integration as PNC combined the mortgage and home equity products onto the Black Knight MSP platform.

Prior to joining PNC Mortgage, Saab spent 14 years at CitiFinancial Mortgage Company, where he held various positions in default servicing. At the time of his departure, he was senior vice president of the foreclosure and post default processes, overseeing 2,100 associates in both domestic and offshore sites.

Saab has held key management roles in regulatory compliance issues, such as the consent order, National Mortgage Settlement, and implementation of the Consumer Financial Protection Bureau regulations.

About LoanCare, a ServiceLink company

LoanCare, a ServiceLink company, is a leading national provider of full service subservicing and interim subservicing to the mortgage industry and has offered its expertise and best practices in providing servicing solutions for others since 1991. At the present time, LoanCare subservices approximately 1 million loans in 50 states, approximating $200 billion in loan balances. LoanCare has a seasoned loan servicing team with senior managers averaging nearly 30 years of experience in the mortgage and financial services industry.

SOURCE LoanCare