MPA Hot 100 2014: Rick and Patty Arvielo

by Ryan Smith05 Dec 2013
Rick Arvielo
NAME:  Rick Arvielo

HOT 100: When Rick and Patty Arvielo founded New American Funding in 2003, they envisioned a company focused on good pricing, fast home loan closes and excellent customer service. Today, New American Funding boasts over 800 employees and funds more than $400m in home loans each month. The company recently landed on Inc. 5000’s list of the nation’s fastest-growing companies for the second year in a row. The Arvielos are also active in Big Brothers Big Sisters, bringing a mentorship program to New American Funding to teach kids important life and workplace skills. In addition, Patty is deeply involved in the National Association of Hispanic Real Estate Professionals, and earlier this year spearheaded a campaign to address challenges faced by Hispanic homeowners.
  • CEO & Co-Founder, New American Funding (2003)
  • Head of Marketing & Technology, Paradon Industries, Inc., (Parent company of The Styles Check Company) (1983)
  • New American Financial, 2001
  • He was nominated to the Residential Board of Governors for Mortgage Bankers Association (MBA)
  • He sits on the Executive Board of Directors of the California Mortgage Bankers Association (CMBA)
  • New American Funding was one of the Top OC Workplaces in 2012 by the O.C. Register.
  • In February 2013, he was nominated as a contended in the Orange County Business Journal’s Excellence in Entrepreneurship Awards.
  • In June 2013, New American Funding has been ranked among the Top 25 Mortgage Lenders by Scotsman Guide in 3 categories: ranked #22 in Top Overall Volume; #22 in Top Wholesale Volume; and #16 in Top Retail Volume.
  • Mortgage Bank Association
  • California Mortgage Bank Association
  • Palm Spring High School
Current Town Irvine California
Hometown Irvine California
Family Married to Patty Arvielo

Patty Arvielo
NAME:  Patty Arvielo
  • President & Co-Founder, New American Funding (2003)
  • She began her career in the mortgage industry at the age of 16, focusing on networking with real estate agents and growing her home purchase loan business.
  • In her 20’s she received her VA LAPP Certification.
  • She joined Countrywide and was instrumental in helping the company establish their strong presence in the Orange County area.
  • In 1997, she joined the new start-up New American Financial and led its operations unit.
  • In 2003, she left New American Financial and together with her husband, Rick, they launched New American Funding.
Years of Experience:
  • More than 30 years.
  • She was included in the 2012 edition of The Latino American Who’s Who
  • She was nominated as one of the TOP Mortgage Vendors in California by Top Agent Magazine
  • Board of Director, National Association of Hispanic Real Estate Professionals
  • Member of the Risk Management Committee of the Mortgage Brokers Association
  • La Miranda High School (1979-1983)
Current Town Irvine California
Family Married to Rick Arvielo


Hot 100
For the complete Hot 100 list, please check out MPA issue 7.06 available now.