Patty Arvielo honored with NEXT Powerhouse Award | national news
TUSTIN, Calif., August 10, 2021 / PRNewswire / – National mortgage lender New American Funding is proud to announce that the co-founder and chairman Patty arvielo was honored with the Powerhouse Award by NEXT.
This is the second time that Arvielo has been honored as a recipient of the #NEXTPowerhouseAwards. Arvielo also received the NEXT Powerhouse Award in 2020.
The Powerhouse Award honors mortgage professionals who have taken on a challenge in their own business or industry and made it better.
Arvielo spent the past year leading New American Funding to its best year ever and overseeing an aggressive expansion that saw the company nearly double its workforce to approximately 4,800 employees. Arvielo helped found New American Funding almost two decades ago and still runs the business on a day-to-day basis.
Arvielo’s leadership was essential in 2020, when the company transitioned to a predominantly work-from-home environment. Arvielo’s transparency has been the key to the company’s seamless adaptation to this virtual environment.
The results speak for themselves, as New American Funding shattered its previous record lending volume in 2020, a pace that continued into 2021.
Under Arvielo, New American Funding is also a leader in lending to underserved communities. Thanks to its Latino Focus and New American Dream initiatives, both put in place by Arvielo, 36% of New American Funding’s purchase loans in 2020 were intended for minority borrowers, compared to 25.5% for all institutions, on the 2020 HMDA database.
“I am grateful to be honored with the NEXT Powerhouse Award again,” said Arvielo. “It is an honor to be alongside so many amazing women who are leading the way in the housing industry. I see more women at the forefront of change within the industry and I am very excited about the direction we are taking together. “
About new US funding
New American Funding is an independent mortgage lender with a service portfolio of more than 206,000 loans for approximately $ 53.8 billion, 179 locations nationwide and approximately 4,700 employees. The company offers several niche loan products and has been on Inc’s list of America’s Fastest Growing Companies six times. 5000. It offers cutting-edge professional training and provides its loan officers with innovative technologies to streamline the mortgage process.
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SOURCE Patty Arvielo