Office address: 14511 Myford Road, Suite 100, Tustin, CA 92780
Website: www.newamericanfunding.com
Year established: 2003
Company type: financial services
Employees: 4,500+
Expertise: family-owned mortgage banker, direct endorsement (FHA) government lender, purchase and refinance mortgages, distributed retail, builder divisions
Parent company: N/A
CEO and key people: Patty Arvielo (CEO), Rick Arvielo (CEO), Christy Bunce (President), Patrick Bolan (CPO), Jeff Kvalevog (CSO), Jeff Farinich (CISO)
Financing status: corporation
New American Funding is a retail mortgage lender company that provides home loans, refinancing, and other mortgage-related solutions. This direct mortgage lender uses technology to simplify transactions, client service, and online navigation of their platform. NAF employs more than 4,500 people and has over 230 locations nationwide.
New American Funding was established in 2003 in California by husband and wife, Rick and Patty Arvielo. It grew into one of the largest privately-owned direct mortgage lenders in the US, headquartered in California. The company has opened over 230 locations across the country with more than 257,600 loans, amounting to $67.6 billion.
Using their own experience, success, and platforms like the GoGo LO mobile app, the company started supporting initiatives like Latino Focus and New American Dream. In 2022, it showed support for military families through the Military Heroes Focus initiative that NAF launched. Their cultural roots and passion in supporting home financing to Americans have earned them the recognition as a top lender to Hispanic and Black borrowers.
New American Funding's suite of products is designed to meet the varied needs of its clients. Key offerings include:
30-year fixed rate loan: offering stability and predictability in payments
15-year fixed rate loan: ideal for those looking to pay off their mortgage faster
conventional loan: a standard, non-government backed loan
VA loan: tailored for veterans, offering favorable terms
FHA loan: a loan that is accessible, especially for first-time homebuyers
ARM loan: adjustable rate mortgage for those willing to take on interest rate changes
jumbo loan: for financing properties that exceed the conventional loan limits
reverse mortgage: designed for seniors, converting home equity into cash
USDA loan: focused on rural homebuyers, with no down payment requirement
non-QM loan: for those who do not fit the traditional qualification criteria
New American Funding’s culture, recognized by several awards, is built on teamwork, integrity, ambition, action, and a focus on people. The company is committed to inclusion and diversity, with a team of over 4,500 employees, including 53% women, 35% Millennials, and 37% minorities, 19% of whom are Hispanic.
New American Funding focuses on having a healthy work environment and professional relationship with its workers. The company offer a range of career perks and benefits to support both the professional and personal lives of its employees, including:
flexible hours and work-from-home options for most positions
competitive health packages for physical and mental well-being
a fun and inclusive culture with virtual events and contests
recognition as a top workplace for women, minorities, and millennials
signing bonuses for other positions
accelerated training and mentorship programs
Patty Arvielo along with husband Rick is the CEO and co-founder of New American Funding. A self-made entrepreneur, she heads the sales and operations of the company and is a member of the Mortgage Bankers Association and Century Communities. Her expertise includes mortgage banking and lending, leadership, investing, marketing and more.
Rick's expertise includes mortgage banking, refinancing, leadership, investing, and more. He was the Chairman of MORPAC and has a degree in Marketing from the California State University, Long Beach.
Key people in New American Funding include:
Christy Bunce (President): focuses on strategic expansion and enhancing operational efficiencies
Patrick Bolan (Chief Production Officer): drives sales strategies and growth
Jeff Kvalevog (Chief Strategy Officer): oversees corporate strategy and market development
Jeff Farinich (Chief Information Security Officer): ensures the security and integrity of the company's digital assets and information systems
New American Funding, traditionally focused on organic growth, has started exploring strategic acquisitions to enhance its presence in new markets. They recently acquired companies like Draper and Kramer to expand business in the Midwest and East Coast.
The company plans to continue such strategic expansions, prioritizing cultural and operational synergies with potential acquisitions. Additionally, New American Funding aims to maintain its identity as a legacy family business, emphasizing technological innovation and servicing loans in-house to retain customers.
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