New American Funding Owner CEO Rick Arvielo Nominated for OCBJ Excellence in Entrepreneurship Award
- Feb. 13, 2013
- Nicole Johnson
Tustin, Calif. – New American Funding, a national mortgage lender located in Southern California, is proud to announce the nomination of their CEO and owner, Rick Arvielo, as a contender in Orange County Business Journal’s Excellence in Entrepreneurship Awards.
The 2013 Excellence in Entrepreneurship Awards is in its 12th year and recognizes individuals who exemplify the American entrepreneurial spirit through the nurturing and establishment of successful business ventures. Winners will be announced at the 12th Annual Excellence in Entrepreneurship Awards Luncheon & Program on Wednesday, March 20, 2013, at the Hyatt Regency Irvine.
A born entrepreneur, Arvielo began his career with the launch of Paradon Industries Inc., parent company of The Styles Check Company, in 1983. The Styles Check Company became the largest check affinity printer in the United States.
In 2003, Arvielo and his wife launched New American Funding with his vision to build a mortgage company that would operate as a proficient call center. New American Funding is focused on good pricing and closing home loans fast with their upfront credit approval and 21-Day Close Guarantee.
The company has grown to include a Realtor-based Lending Division, a Wholesale Lending Division, and is an approved Fannie Mae and Freddie Mac Direct Seller/Servicer that funds more than $400 million a month in home loans.
About New American Funding
New American Funding is a Fannie Mae Direct Seller/Servicer, a Freddie Mac Direct Seller/Servicer, FHA Direct Endorsement – HUD Approved, and VA Automatic mortgage lender with approximately 600 employees. The company is licensed in 20 states, funds more than $400 million a month in home loans, and offers a variety of purchase home loan and refinance loan options, including first time home buyer programs, Conventional, FHA, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0 and Jumbo Loans. It has a total servicing portfolio of almost $2 billion.