New American Funding taps mortgage vet as CFO

by Candyd Mendoza10 May 2019

National mortgage lender New American Funding has hired Scott Frommert, former JPMorgan Chase vice president of mortgage banking finance, as chief financial officer.

As CFO, Frommert will be responsible for managing the company’s finances, including strategic business planning, financial risk management, and development of financial reporting focused on automation and process efficiencies. He will be based in New American’s office in Tustin, Calif.

Frommert has 12 years of mortgage banking experience. Before New American Funding, He was the CFO of On Q Financial where he led expense management, information technology, and secondary marketing. Frommert also served as vice president of mortgage banking finance and MIS at JPMorgan Chase & Co.

"The culture, technology, leadership and the NAF360 environment are the reasons I chose to join New American Funding," said Frommert. "I'm looking forward to helping more individuals become homeowners, and I'm excited to grow my career with such an amazing company."

"We're thrilled to have Scott Frommert be a part of the New American Funding family," said New American Funding Chief Executive Officer Rick Arvielo. "Scott has a passion for the American dream and enjoys being able to help more people become homeowners, which makes him a great fit for New American Funding. Not only does he have great leadership skills, but his drive and commitment are already making a huge impact with the company."