Leadership Profiles
Rick Arvielo, CEO and President
Patty Arvielo, Chief Operating Officer
Christy Bunce, Vice President
Rick Arvielo, CEO and President
Rick Arvielo is the CEO, President and co-founder of New American Funding. With Rick’s leadership and guidance, New American Funding has grown from a small mortgage company, into a Fannie Mae Seller/Servicer, FHA Direct Endorsement – HUD Approved, and VA Automatic mortgage lender.
Rick, an entrepreneur from the start, began his career with the launch of Paradon Industries Inc., parent company of The Styles Check Company, in 1983. Here he acted as head of both marketing and technology. The Styles Check Company became the largest check affinity printer in the United States before Rick and partners sold the company in 1996.
In 2001, Rick saw an opportunity in the mortgage industry and decided to join New American Financial, a Southern California mortgage company. During his time at New American Financial, Rick was able to apply his marketing and technology expertise to the mortgage world. By 2003, Rick recognized that his knowledge in direct response marketing gave him a unique strength and an edge in the mortgage industry. After deciding to walk away from New American Financial, Rick, along with his wife Patty, launched New American Funding.
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 and fast home loan closes. The company has grown to include a Realtor-based Lending Division, a Wholesale Lending Division, and an approved Fannie Mae Seller/Servicer. Today, Rick continues to lead and inspire his team with the vision of a mortgage company centered on good pricing, fast closes, and excellent customer service.
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. He sits on the Executive Board of Directors for the California Mortgage Bankers Association(CMBA) and is active in their Mortgage Quality Assurance Committee. 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, Chief Operating Officer
Patty Arvielo is the Chief Operating Officer and co-founder of New American Funding. With over 30 years of experience in the mortgage industry, she has helped transform New American Funding into a mid-sized, national mortgage banker and servicer that funds nearly $300 million in home loans every month.
Beginning her career in residential lending at Pacific Hills Mortgage in Southern California, Patty became skilled in networking with real estate agents and grew her home purchase loans business. Also while at Pacific Hills Mortgage, Patty was educated in the operations side of mortgage lending.
In 1997, while Patty was working at Countrywide, she was invited to lead the operations unit at New American Financial, a local mortgage company. She worked at New American Financial until 2003, when Patty, along with her husband Rick, decided to step away from New American Financial and launch their own mortgage company, New American Funding.
Patty’s experience in all the different facets of mortgage lending gave New American Funding what it needed to take the next step to become a mortgage banker. With her direction, the company grew to take on and handle the entire loan process in house, from origination to processing, to underwriting and funding. It was also Patty’s experience in residential lending that prompted the company to start down the path of forming their own Realtor-based Lending Division.
Patty is a member of the National Association of Hispanic Real Estate Professionals and is on the Risk Management Committee for the Mortgage Bankers Association. One of her passions is giving to the less fortunate in the community, which is greatly reflected in the culture at New American Funding. Patty leads the company in various charitable activities including canned food drives, adopting families during the holiday season and sponsoring local sport teams.
Christy Bunce, Vice President
Christy Bunce is the Vice President of New American Funding. Her 15 years of experience in the mortgage industry has helped the mid-sized national mortgage banker expand its operations to include a Realtor-based Lending Division, a Wholesale Lending Division, and become a Fannie Mae Seller/Servicer.
Christy has spent her career in mortgage at many well-known mortgage companies including Ditech.com, now known as GMAC Mortgage, and Countrywide. She also served as Vice President of Production at Greenlight Financial Services.
In 2008 Christy was invited to join the New American Funding team and 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. Today the company funds nearly $300 million in home loans every month.
The Vice President 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.