New American Funding today announces they have been ranked by HousingWire as the industry’s 19th fastest growing housing company in the U.S, placing them on HousingWire’s annual Fast50 list.
HousingWire bases their Fast50 list off of how much a company’s revenue has grown from the previous year. New American Funding realized an increase in revenue of 36.3% from 2013 to 2014, and HousingWire also recognized that New American Funding’s growth is stable and remains strong. The company had already surpassed its 2014 total dollar volume of $5.5 billion by July of this year.
“We are pleased to be recognized on HousingWire’s Fast50 list. We are proud of this achievement and attribute it to our innovative ways of doing business. We are constantly asking for feedback, staying on top of the market and maintaining an agile business model,” said Rick Arvielo, CEO of New American Funding.
A variety of housing companies made the list, from mortgage banking and home builder to investment companies. New American Funding joins companies like Zillow Inc., Essent Group and JPMorgan Chase & Co. on the list. HousingWire also notes that amid significant challenges this year for housing companies, these businesses represent the recovery of the housing economy.