How Patty Arvielo Built New American Funding into a $900M a Month Corporation

How Patty Arvielo Built New American Funding from Humble Beginnings into a $900 Million a Month Corporation.

It’s important to give mention to Patty Arvielo’s humble beginnings in order to understand fully her unique business perspective and well recognized leadership role in the real estate and mortgage lending industry nationally. Born into a hard-working Mexican-American family from Southgate in L.A. County, California, Patty’s first exposure to the mortgage industry was as a young girl. At just 16, Patty landed a clerical position for TransUnion Credit. At 19, she was promoted into a sales position. Patty worked tirelessly to build real estate agent and community relationships and doing so, ignited a life-long passion for service and pursuit of self-made, enduring success.

Patty’s extensive background in mortgage lending includes DE Underwriter and VA LAPP Certifications. Very early on, Patty pursued her own under-served Spanish-speaking markets well before they were a popular and sought after demographic. In 1997 Patty was invited to lead the operations unit of a start-up – New American Financial, until in 2003 when she and her husband Rick Arvielo, decided to launch their own mortgage company – New American Funding.

Over a decade later, Patty has worked to transform New American Funding into a national mortgage lender and servicer that funds more than $900 million in home loans each month. Under her guidance, the company has brought the entire loan process in house - origination, processing, underwriting, funding and servicing. She continues to actively contribute to the bottom line, originating and booking nearly $3 million in home loans each month on her own, all while managing operations and sales for New American Funding’s headquarters, 90+ branches and 1800+ employees.