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Senior Loan Consultant
New American Funding
June 2013 - Present (1 month)|Tustin, California
Company History
Rick and Patty Arvielo launched New American Funding, a national mortgage lender, in 2003. From the very beginning, Rick's expertise in marketing and technology, and Patty's strength and experience in operations, gave New American Funding the edge it needed to operate as a proficient retail call center, focused on good pricing and fast home loan closes.

By 2006, New American Funding had grown by over 300%. This growth prompted the Arvielos to take the next step in their business plan and establish a Realtor-based Lending Division.

To ensure a solid foundation, the Arvielos' took their time in developing this division, seeking out top personnel, and creating an environment and culture suitable for loan officers that regularly network with real estate agents. By the end of 2010, the Residential Lending Division was fully established and, at present, has over 100 loan officers.

At the beginning of November 2011, in response to new opportunities in the market, New American Funding launched their Wholesale Lending Division, Performance Home Loans. The decision to launch this division was encouraged by the rising demand for smaller, local participants in the wholesale arena.

Another major milestone for New American Funding, was their approval as a Fannie Mae Seller/Servicer. The company is building their servicing portfolio of high quality, low interest rate mortgages, which adds tremendous value to the organization.

New American Funding is a Fannie Mae Seller/Servicer, a Freddie Mac Direct Seller/Servicer, FHA Direct Endorsement - HUD Approved, and VA Automatic mortgage lender with over 600 employees. The company is licensed in 24 states across the nation and funds nearly $400 million in home loans every month. It offers a variety of loan options, including FHA, HARP 2.0, Conventional, VA, Jumbo and Reverse Mortgages, and has become well-known for its 21 Day Close Guarantee(please view our disclosure).

Summary 8 Years of Loan Experience funding the following loans.
VA Loans, FHA Loans, FHA Streamline, 105% Ltv Fannie & Freddie Programs, Unlimited Ltv Fannie & Freddie, Conventional, Agency Jumbo, Super Jumbo, 203k Rehab Purchases/Refi, Investment Property Purchases/Refi. 5-10 Properties Owned no problem, Investment Property Purchases/Refinances. Manufactured homes through FHA. "I Can" Mortgage Product, Home Ownership Accelerator, Equity Lines of Credit, Fixed Rate 2nd Mortgages and all the subprime experience from 2004-2010.

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