Inspiring through empowerment. Leading with purpose.
Raised in Palm Springs, CA, Rick grew up in a family environment embracing honesty, creativity, and industriousness. With an entrepreneurial spirit at heart, he started his first business at only 16 years old. A few years later, he launched his second business, Paradon Industries, where he focused on the myriad of advantages gained by infusing technology into the business model.
In 2001, Rick began work with an independent mortgage broker, where he developed systems to remove inefficiencies in lending. Soon after he founded Broker Solutions Inc., a business that provided optimization services to mortgage lenders.
In 2003, he combined his knowledge of mortgage with his understanding of optimization techniques, and with his wife Patty, opened the doors to New American Funding. Under Rick’s leadership, the company has evolved from a refinance call-center into the full-service, tech-driven mortgage banker it is today. His collaborative approach to productivity resonates throughout the company and into the industry.
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. On a national level, Rick is a member of the Mortgage Bankers Association (MBA) and sits on their Board of Directors, serves in an elected position on the steering committee for the Mortgage Action Alliance Committee, sits on the RESBOG and is the 2017 - 2018 Chairman of MORPAC, the MBA’s Political Action Committee.
This year, the American Business Awards honored Rick with a Silver Stevie® Award for Executive of the Year in Financial Services and Ernst & Young recognized Rick as 2016 EY Entrepreneur of The Year® Orange County.
Just as he led the transformation of New American Funding by empowering his employees, he is working to empower Americans through home ownership.
Every person has a voice. Every voice carries meaning. We’re changing the mortgage industry, one loan at a time.
With more than 35 years of experience in mortgage, Patty has risen to the top executive ranks and become a source of lending expertise for the industry. She is co-founder of New American Funding, and in addition to her role as President of the national mortgage banker, she continues to originate loans while managing all sales and operations.
She serves as a member of NAHREP’s Corporate Board of Governors and in spring of 2013, Patty spearheaded the Latino Focus Committee within her organization, whose mission is to identify and address challenges Hispanic consumers face in their pursuit of home ownership and to enhance the quality of their lending experience.
Patty serves on the Diversity and Inclusion Committee and the Consumer Affairs Advisory Council for the Mortgage Bankers Association. She is politically involved in the current and future states of mortgage banking, and frequently visits Washington, D.C. to lobby on behalf of the industry and homeowners. In 2017, due to her vast industry background, the Consumer Financial Protection Bureau (CFPB) appointed Patty to serve on its Consumer Advisory Board to provide the agency with expertise on a broad range of consumer financial matters and emerging market trends. She is a former member of the Fannie Mae Affordable Housing Advisory Council and both Freddie Mac’s Community Lender Advisory Board and Affordable Housing Council. She has recently joined the Latino Donor Collaborative board.
Patty is the recipient of numerous accolades and recognition for her professional achievements. Among them are Ernst and Young honoring her as a winner of the 2016 EY Entrepreneur of The Year ® Orange County, winning the 2017 gold Stevie® Award for Woman of the Year, the 2016 Business Award winner by LA Times Latinos de Hoy and NBC Latino’s recent feature highlighting her life. Patty continues to lead by example, shaping both New American Funding and the housing industry overall.
Christy Bunce came to New American Funding a decade ago to lead the company’s sales and operations departments. Now a 23-year veteran of the mortgage industry, she has helped the company grow to new heights. Christy’s expertise includes processing, underwriting and funding – skills she built during her previous tenures at Countrywide, Ditech and Greenlight Financial services.
As Chief Operations Officer, Christy is involved with every aspect of New American Funding’s business, which has helped New American Funding expand into the successful organization it is today. She has a solid understanding of employee needs and dynamic growth strategies. In the 10 years she’s been at New American Funding, the company has expanded to 2,900 employees, approximately 165 branches in 27 states, maintains a servicing portfolio of over 100,000 loans for $26 Billion, and funds over $900 Million in loans every month.
Christy recognizes the many strengths of New American Funding, including its longevity, well-established structure, strong leaders and dedicated employees. She believes quick adaptability to fluctuating market conditions will help ensure the company’s stability and continued growth. As a member of the Mortgage Bankers Association (MBA), a national organization, she is passionate about the industry as a whole and the role it plays in the stability of the country.
Going forward, Christy will continue to lead the award-winning company as it increases personnel and expands its products. Her focus will be to make sure Originators and Sales Leaders have the best tools with which to provide optimum service and to ensure the platforms are scalable for the company’s future growth.
Jan Preslo is Executive Vice President of Retail Production at New American Funding. As a key member of the senior leadership team, Jan oversees the loan operations platform, the training of the retail workforce, the development of new loan products, the reverse team and builder platform. She works closely with Regional Managers to expand their teams and open new branches across the nation.
Due to her far-reaching experience in sales and operations, Jan has brought valuable insight to the retail lending division that has established a more cohesive work dynamic between departments and a more fluid loan process. As a result, Jan has been able to help New American Funding deliver industry-leading loan close times and provide superior service to its consumers.
Since joining the company in February of 2012, Jan has expanded retail sales from about $86 million a month to about $630 million monthly and she has overseen the development of the retail division to include more than 145 nationwide branches. She attributes this large-scale growth to creating the right culture within the retail division. She believes when people enjoy their work environment and know they’re bringing value, that they do a better job. Therefore, Jan constantly strives to maintain the company’s culture of teamwork and unity as she continues expanding her division.
Prior to joining New American Funding, Jan worked at Countrywide Home Loans, Bank of America, Guild Mortgage, and MetLife, where she held a wide spectrum of roles including Loan Processor, Underwriter, Loan Officer and top-producing Branch Manager. Jan is a 31-year veteran of the mortgage industry, and as she moves forward, her goal now is to be an instrumental part of elevating New American Funding to become one of the top five independent lenders in the nation.
Jon Reed is an award-winning mortgage professional who joined New American Funding in October of 2012. As Executive Vice President of Retail Sales, Jon has been instrumental in expanding New American Funding’s presence beyond California and into new markets. He oversees loan production at nearly 130 nationwide branches and daily works to make sure the retail division remains profitable. Jon also recruits and builds new teams of Loan Originators across the nation.
He has been in the mortgage industry for more than 30 years, where he started out originating loans and eventually became one of the Top 50 originators in the nation according to loan units. During his career, he has successfully owned and operated an independent mortgage company that annually funded $600 million in home loans. He has also worked at Bank of America, Wells Fargo, and Countrywide in various managerial positions. While overseeing the Midwest region at Countrywide, Jon effectively expanded the company’s builder division from $900 million a year to $2.5 billion annually.
In 2012, Jon joined New American Funding after noticing the company’s leadership and vision for the future. Since assuming his current role, Jon has helped New American Funding branch out from 6 retail locations based exclusively in California to nearly 130 branches spread across 20 states. Additionally, Jon has helped grow the retail division from a loan production level of 3000 units annually to more than 25,000 loan units each year. He loves sales and believes great results are the byproduct of a great company and great leadership. As a veteran of the industry, Jon is passionate about the people he serves and the people he works with on a daily basis. Not only does he see it as a privilege to be able to assist consumers in their pursuit of homeownership but he also finds it tremendously rewarding to mentor managers and sales associates with attaining higher levels of career achievement. His desire is for New American Funding to be the #1 lender of choice for consumers and mortgage professionals alike.
Sam Ellsworth is Senior Vice President of National Retail Sales for New American Funding and on a day-to-day basis, he works closely with the core sales force to increase their loan production while coming alongside regional managers to expand their market share. He also simultaneously recruits new loan teams to build upon New American Funding’s existing workforce and to continue increasing its profitability.
Sam began with the company in June of 2011 after being attracted to New American Funding’s technology, industry-leading close times, and quality leadership. He started as a Divisional Manager over California and the Pacific Northwest but was appointed to a national leadership role after successfully helping to spearhead the company’s initial growth. During his time at New American Funding, Sam has helped add more than 100 new retail branches across the country and 4 new call centers. He has also been a key part of expanding the retail loan volume from about $400 million annually in 2011 to more than $4 billion a year in 2017.
Sam believes collaboration, competitiveness, and connectedness have been the driving force behind this record-breaking growth and he’s most proud that the retail lending division has developed organically, one new location at a time while maintaining the integrity of the company’s culture. Presently, Sam oversees 12 major markets and is actively working to expand New American Funding’s presence into 35 states over the coming years.
He has worked in mortgage banking in various capacities for more than two decades and prior to coming to New American Funding, Sam held a regional leadership position at Trust One Mortgage Bankers where he built a strong retail presence within Orange County in less than one year. As a 26-year veteran of the industry, Sam is passionate about growing and grooming the next generation of Loan Originators. He believes in leading from the front and inspiring his teams to continue reaching new levels of professional and personal achievement every day.