New American Funding is an independent mortgage lender headquartered in Orange County, California, that is dedicated to helping 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. Learn more at www.newamericanfunding.com
The impact of providing tech and marketing assets to LOs is hard to overestimate. Instead of building websites, creating marketing materials from scratch, figuring out a social strategy or trying to generate positive reviews, loan officers can focus on their most important job: originating loans.
For New American Funding, 2017 was a banner year. In a time when some lenders saw contraction, New American Funding opened 31 branches and hired more than 1,000 new employees, including 330 outside loan officers. In addition, the company funded approximately $900 million in home loans per month and grew its servicing portfolio to $22 billion.
New American Funding has been developing its own technology for years, a natural result of Rick Arvielo’s passion to innovate the process beyond what was available. In the early 2000s, few loan officers were interested in how tech could make their business better. Today, New American Funding’s deep technical expertise is a clear differentiator for loan officers who want to grow.
The first thing you notice about New American Funding's Rick and Patty Arvielo is how much they like each other. That might seem like a foregone conclusion when you meet a married couple, but when that couple also runs an incredibly successful business together, I imagine it could get complicated. Read on to find out more about how this successful couple manages their life, and business, together.
For the first time since 1981, our industry is experiencing a rising interest rate environment. Some people may assume that the current market shift means their business will take a downward turn from which they will never recover. I don’t buy it. The way I see it, challenging times force us to refine our processes and practices.