American Funding CEO and co-founder Rick Arvielo has been named chairman of the Mortgage Bankers Association Political Action Committee, according to a news release.
As chairman for the 2017-2018 election cycle, Arvielo will lead industry advocacy efforts within the political system.
"The committee plays a vital role in our political process so I look forward to working toward unifying our industry by creating one voice,” Arvielo said. “It's important that we are united so that the mortgage industry continues its forward progression to expand opportunities for sustainable home ownership to a broader universe of homeowners."
"MBA is fortunate that Rick has agreed to serve as Chairman of MORPAC,” MBA Chairman Rodrigo Lopez said. “His leadership skills, relationships within the industry, and work ethic will ensure that he will build upon the overwhelming success already established by his predecessors."
Arvielo’s goal over the next two years is to boost awareness and participation in the Mortgage Action Alliance and work closely with its chairman, Gene Lugat.
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