NAF co-founder a force for minority homeownership

by Ryan Smith20 Oct 2017
Patty Arvielo is the co-founder and president of New American Funding, the largest Latina-owned mortgage company in the United States. In that role, she manages daily operations and sales for the company’s headquarters, branches and more than 2,400 employees.

Arvielo’s more than 30 years of mortgage experience has made her a sought-after expert on housing policy and program development. In July, Arvielo was appointed to the Consumer Financial Protection Bureau’s Consumer Advisory Board. She’s also a member of the National Association of Hispanic Real Estate Professionals’ corporate board of governors and the board of the Latino Donor Collaborative.

Arvielo has perhaps gained the greatest recognition in the industry for her commitment to promoting homeownership for minority borrowers. She’s spearheaded two in-house diversity initiatives – the Latino Focus Committee and New American Dream. Since its founding, New American Funding has financed more than 47,000 minority homeowners. Arvielo also works to serve low- to moderate-income borrowers; last year, she worked with Freddie Mac to create and launch the Your Path program, which opens affordable homeownership opportunities to lower-income borrowers.

Arvielo has received numerous awards for her professional achievements. Last year, she was the recipient of the 2016 EY Entrepreneur of the Year Award. She’s also a perennial member of MPA’s Elite Women in Mortgage list. Earlier this year, New American Funding was recognized by the Hispanic Lifestyle television program for empowering Hispanic women.

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