Mortgage lender New American Funding announced its latest expansion into Silicon Valley with its new branch opening.

The new branch will occupy about 4,000 square feet of contemporary office space in the downtown San Jose area at the top of a 16-story high rise. The lender celebrated its grand opening with a red carpet event Thursday.

The full-service branch is located at 55 S. Market Street Suite #1600, and will offer a spectrum of purchase and refinance products for local mortgage customers in the surrounding communities.

Chris MacNoughton, New American Funding vice president of builder and business development, will also take on the role of branch manager to lead the new location.

“We’re excited for the opening of our new branch. It’s a perfect location and prime opportunity,” said MacNaughton. “The housing market is thriving in Silicon Valley and we’re centrally located to meet the need.”

The company expects MacNaughton to lead the team to fund $250 million in loan volume in the coming year. The company explained its team in San Jose brings experience working with many different consumers from first-time buyers to jumbo loan borrowers.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By