Co-founding New American Funding in 2003, Patty Arvielo has grown it into the largest minority-owned mortgage company in the country. As president, she now manages the company’s operations and sales,
while overseeing 186 locations and approximately 5,000 employees nationwide. At the end of 2019, the New American Funding’s servicing portfolio included approximately 124,000 loans totaling $31 billion. As of early 2021, the company has approximately 187,000 loans totaling $48.4 billion in its servicing portfolio — an increase of nearly 51% in loan count and an increase of more than 56% in total loan value. While the company’s business increased by orders of magnitude, Arvielo decreed that the company would continue hiring as many people as necessary to ensure that New American Funding continued providing industry-leading customer service. Over the course of the year, New American Funding hired 2,776 new employees.
An expert in lending to underserved communities, Arvielo believes in empowering minorities through homeownership and professional mentorship and is committed to supporting and uplifting the next generation of Hispanic entrepreneurs. She also recently expanded her business beyond New American Funding, acquiring a 50% stake in #WeAllGrow Latina, a community of thriving Latina creators, makers and entrepreneurs, to help supercharge the group’s mission of supporting and uplifting Latinas.
Name:
Patty Arvielo
Title:
Co-Founder & President
Company Name:
New American Funding
