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Jumbo VA loans offer big...

In the post-recession mortgage market, the term "jumbo loan" has been somewhat stigmatized, as the product is frequently associated with the subprime crisis and the subsequent economic downturn.  

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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

Rick Arvielo is the CEO 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 was nominated to the Residential Board of Governors for the Mortgage Bankers Association(MBA), and sits on the Executive Board of Directors for the California Mortgage Bankers Association(CMBA). 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

Patty Arvielo is the President 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 national mortgage lender and servicer that funds over $500 million in home loans every month.

Patty began her career in the mortgage industry at the young age of sixteen. She focused on networking with real estate agents and growing her home purchase loan business. By her mid 20’s Patty found herself at Countrywide, where she gained an extensive background in mortgage operations. While here she became a DE Underwriter and received her VA LAPP Certification. In 1994 Countrywide began its hot pursuit for the Spanish-speaking market, and Patty was instrumental in helping establish their strong presence in the Orange County community.

In 1997, Patty left Countrywide for a new and exciting opportunity; she was invited to lead the operations unit at a new start-up, New American Financial. 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.

Even today, while she manages operations and sales from coast-to-coast for all branch offices and a staff at New American Funding, Patty continues to originate and book $4 million to $5 million in home loans each month. She recognizes the importance of originating as it helps her keep a finger on the pulse of the market and in touch with the “streets.” She knows exactly how her staff of  loan officers feels at any given moment.

Patty resides on the National Association of Hispanic Real Estate Professionals’ Corporate Board of Governors and is on the Risk Management Committee for the Mortgage Bankers Association. She is politically involved in the current and future states of mortgage banking, and frequently visits Washington DC to lobby on behalf of the mortgage industry and homeowners. Additionally, Patty also resides on the Freddie Mac Community Lender Advisory Board which provides a forum for constructive dialogue between Freddie Mac and its customers. Patty’s role on the board gives her the opportunity to provide input on strategies, initiatives and executions that, in turn, Freddie Mac employs to improve its customer’s capabilities in the marketplace. She was nominated as one of the Top Mortgage Vendors in California by Top Agent Magazine.

 

Christy Bunce - Vice President

Christy Bunce, Chief Operations Officer

Christy Bunce is the Chief Operations Officer of New American Funding. Her 15 years of experience in the mortgage industry has helped the national mortgage lender  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 lender grow. Today the company funds in excess of $400 million in home loans every month.

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.