New American Funding Powered Through 2014 and Expects Continued Growth in 2015
New American Funding is excited to announce tremendous growth in servicing, origination and size in 2014. In a report published by Mortgage Daily, the company produced 18,880 homes loans at $5.517 billion, originating 6,115 residential loans from October to December alone. Compared to the originations in the third Quarter of 2014, the company experienced a residential lending growth of over 12%.
2014 was a fantastic year for everyone at New American Funding, and the company anticipates 2015 to be even bigger and better! This year alone New American Funding hired 927 new employees and opened 44 new branches including their first call center branch in Southfield, Michigan. On top of this, the company's first Servicing Department was opened in Austin, TX, and they were selected for the third year as one of Orange County's Top Workplaces by The Orange County Register.
New American Funding's Builder Division took off last year, allowing the company to continue to make the opportunity of homeownership possible for even more families. President and CEO Patty and Rick Arvielo continue to lead their team to victory and were both named on the 100 Most Influential Mortgage Professionals, by Mortgage Executive Magazine. Last year alone, Patty also was awarded the "Women of Excellence – Entrepreneur Leader of the Year" award for 2014 by the National Latina Business Woman Association, was a Roaring Twenty Award recipient from the National Association of Women in Real Estate Business, and named as one of Housing Wire's 2014 Influential Women in Housing. With four companywide record breaking months in 2014, New American Funding plans to continue to push for more record breaking months and make 2015 their best year yet.