New American Funding Ranked #2 Fastest-Growing Company by OCBJ
- Sep. 16, 2020
The Orange County Business Journal (OCBJ) has ranked New American Funding as the #2 fastest-growing private company in Orange County, CA. The company had previously made the list consecutively from 2012-2018, ranking as high as #5 in 2015 and 2016.
The Southern California-based mortgage lender qualified for OCBJ’s 14th annual list as a private company in Orange County whose annual sales grew rapidly from mid-2018 to mid-2020.
During this period, New American Funding grew its revenue from over $485 million to over $823 million, growth of nearly 70%. At the same time, the company’s Orange County employees increased from 908 to 1,176.
"Any time a company is recognized as a fastest-growing company, it’s a tremendous feat,” said Rick Arvielo, CEO of New American Funding. “To be honored for an eighth time is a true testimonial to doing business the right way. We share this accomplishment with each and every one of our team members. Through their hard work and dedication, we are able to keep achieving record-breaking numbers, even during today’s challenging times.”
To be considered for the list, qualified companies had to be headquartered in Orange County and have at least $1 million in revenue for the 12 months through June 2018. The list is ranked by revenue growth, as measured by sales for the 12 months through June 2018 compared to sales for the 12 months through June 2020.
Eligible companies include those owned by an individual, a group of people, families, venture capitalists, private equity firms, or other investors. Publicly traded companies, subsidiaries, hospitals, nonprofits, and local affiliates of national or global services firms were not considered.
New American Funding continues its record growth and hiring for many positions. To learn more, visit the company’s career page.