As president and co-founder of New American Funding, Patty Arvielo leads more than 2,300 individuals operating 130 branches across the nation and funding more than $1 billion in home loans each month.
As an activist for women and minorities, Arvielo is on MBA’s Diversity and Inclusion committee and frequently visits Washington, D.C. to rally on behalf of homeowners. In 2013, she launched New American Funding’s Latino Focus committee with the goal of educating the housing community about how to better serve the Latino community during the home-buying process.
In September 2016, at Arvielo’s direction, New American Funding launched Your Path, a loan program that makes affordable homeownership opportunities available by considering the changing demographics of U.S. borrowers.
Utilizing Freddie Mac’s low down payment Home Possible mortgages as its foundation, this pilot program features greater flexibility for qualifying borrowers nationwide by taking into con- sideration a wider range of factors than traditional underwriting methods, including needs of self-employed borrowers, seasonal employees, and multi-generational households.
New American Funding’s inclusive corporate environment was recognized by Hispanic Lifestyle and Mortgage Women Magazine as being an outstanding workplace for women.
Arvielo is a member of the National Association of Hispanic Real Estate Professionals and resides on its Corporate Board of Governors. She is active on affordable lending panels for Fannie Mae, Freddie Mac and HUD, and serves on the Executive Board for Big Brothers Big Sisters Orange County.
