Hispanic Lifestyle is pleased to announce that New American Funding has been named as a company that provides outstanding opportunities for women. New American Funding will be recognized during our opening reception at Hispanic Lifestyle’s 2017 Latina Conference taking place April 5 – 6, 2017 in Ontario, California. This is the second year Hispanic Lifestyle has recognized companies that provide outstanding opportunities for women. New American Funding joins the list Hispanic Lifestyle started in 2016 and continues the tradition of celebrating these companies successes at the start of our now expanded signature event Latina Conference.
Statement on why they should receive the recognition
While New American Funding has achieved tremendous business success in a short time frame, the family-like culture emphasizes teamwork, unity, and above all: equality in the workplace.
The company is led by Patty Arvielo, a Latina with 30+ years of experience in the mortgage experience. She is a role model for women in business, exemplifying diligence and sharp business acumen, complemented by integrity and humanitarianism. Patty actively participates in mentorship efforts for women and provides a corporate environment for women to excel on merit. Patty’s employee growth program, called “If You Want to Grow We Want to Know,” gives employees a chance to communicate directly with her and COO Christy Bunce about growth opportunities at New American Funding.
Her natural leadership and commitment to helping women has fueled New American Funding’s success. As a result, women are highly represented in New American Funding’s workforce, with many holding C- level positions.
Include significant achievements regarding the participation of women in the workplace
- -59% of the company is made women, with many holding C-level positions.
- -Mortgage Women Magazine listed New American Funding on its list of 50 Best Companies for Mortgage Women to Work in 2016.
- -Won Silver for 2016 Stevie Women in Business Awards for Communications or PR Campaigns of the Year for their Latino Focus Committee’s campaign.
- – In 2016, New American Funding held a month-long clothing drive for WHW (Women Helping Women), a local nonprofit benefitting homeless and low-income job seekers. Employees donated professional clothing, personal hygiene items and more. The donation drive was led by two women employees, Patty Arvielo (President) and Jessica Gonzales (Marketing Manager).
New American Funding Company profile
Family-owned, New American Funding is an independent mortgage lender headquartered in Orange County, California, that is dedicated to helping other families and individuals improve their quality of living through home ownership. In 2003, founders Rick and Patty Arvielo combined their expertise to create a progressive business that quickly grew from a 40-employee call center into a national mortgage banker and industry powerhouse.
Leveraging technology and streamlined operations, they created a lending process that became highly efficient. Rick used his technical aptitude to design the New American Funding business model around timesaving software, while Patty provided crucial insight from her extensive mortgage background that ultimately brought the entire loan process in-house. Her hands-on cultivation of a top-producing salesforce that shared her passion for the community and her drive to succeed enabled the company to achieve industry-leading loan closing times.
To help meet the needs and demands of the millennial generation, the mortgage company has continued its acceleration by utilizing innovative technology such as a suite of mobile apps, featuring GoGo LO, an on-the-go version of New American Funding’s proprietary CRM software. GoGo LO increases productivity and makes the job of processors, underwriters, and production assistants easier.
As the leadership has maintained a forward-looking approach, New American Funding formed the Latino Focus Committee in 2013 to address the challenges Hispanic consumers face in their pursuit of home ownership. The committee upholds a passion for serving the community by participating in volunteer work and coordinating educational events for Latino Americans. The goal from the beginning has been to enhance the quality of their lending experience.
New American Funding has been nationally recognized for its achievements. They earned a spot on the Inc 5000 list for four years, they have been nationally recognized for their company culture by Fortune, The Orange County Register and Mortgage Executive Magazine, and recently won eight awards in the 2016 Stevie American Business Awards.
After nearly 15 years in the mortgage business, New American Funding has continued operating off of its foundational principles, which has enabled the company to employ over 2,400 individuals, establish more than 130 nationwide branches, maintain a servicing portfolio of more than $17 billion, and fund over $1 billion in loans per month. The company is a Fannie Mae, Freddie Mac, and Ginnie Mae direct lender, seller, and servicer that operates its own builder and real estate based lending divisions, as well as a large loan-servicing unit.