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FHA Versus Conventional...

Mortgage loans are like power tools: You get the best results by using the right one for the job at hand. For many borrowers that may mean bypassing the conventional route to find the one that fits your budget today and is the least likely to cause financial stress in the future.  

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Leadership Profiles

Rick Arvielo, CEO

Patty Arvielo, President

Christy Bunce, Chief Operations Officer

 

Rick Arvielo - CEO and President

Rick Arvielo, CEO

New American Funding was born from Rick's vision of a mortgage company that would operate as a proficient call center, focused on good pricing, fast home closes and excellent customer service. The company has grown to include a Retail-Based Lending Division, a Wholesale Division and is an approved Fannie Mae, Freddie Mac and Ginnie Mae Seller/Servicer. Honoring his commitment to excellence in business, Ernst & Young recognized Rick as 2016 EY Entrepreneur of The Year® Orange County.

As a leader in the industry, Rick is involved in several member associations that play a vital role in the current and future states of mortgage banking. On a national level, Rick is a member of the Mortgage Bankers Association (MBA) and participates in their Mortgage Action Alliance Committee and MORPAC, the MBA’s Political Action Committee. Rick’s drive to be involved in these associations comes from his passion in wanting to make a positive impact on the industry for future generations.

 

Patty Arvielo, Managing Director

Patty Arvielo, President

With more than 30 years of experience in mortgage, Patty has risen to the top executive ranks and become a source of lending expertise for the industry. She is co-founder of New American Funding, and in addition to her role as President of the national mortgage banker, she continues to originate loans while managing all sales and operations.

Patty’s leadership extends beyond her roles at New American Funding and into the mortgage industry. She serves on the affordable lending panels for Fannie Mae and Freddie Mac, is on the Diversity and Inclusion Committee and the Consumer Affairs Advisory Council for the Mortgage Bankers Association, and serves on the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals.

She frequently visits Washington D.C. to lobby on behalf of the mortgage industry and homeowners. Patty is passionate about improving lending services for the Hispanic community, and created her own Latino Focus Committee, whose mission is to identify and address challenges Hispanic consumers face in their pursuit of homeownership and to enhance the quality of their lending experience. In addition, Patty serves on the Executive Board of the charitable organization, Big Brothers Big Sisters, and has become a sought after keynote speaker for mortgage events across the nation. Her passion and commitment to thrive has garnered numerous recognitions and media interest. Patty’s life story was recently featured on NBC Latino.com “I am my mother’s American Dream” and Ernst & Young recognized Patty as 2016 EY Entrepreneur of The Year® Orange County.

 

Christy Bunce - Vice President

Christy Bunce, Chief Operations Officer

In 2008, Christy was invited to join the New American Funding team to lead the company’s sales and operations. Her experience in the big platforms at Countrywide and Greenlight Financial Services gave Christy the know-how to help the mortgage banker grow to new heights.

The Chief Operations Officer recognizes the many strengths of the company: its longevity, well-established structure, strong leaders and dedicated employees. She believes the company’s quick adaptability to fluctuating market conditions ensures its stability and continual growth.