Patty Arvielo, President and cofounder, New American Funding
Patty Arvielo began her career in the mortgage industry 32 years ago, developing a diverse skill set, from underwriting to processing. She quickly climbed up the ladder to her current role as cofounder and president of the largest Latina-owned mortgage company in the nation, New American Funding. Currently, Arvielo manages the daily operations and sales for the company’s headquarters, 130 branches and more than 2,400 employees. As a personal commitment to reach underserved communities, Arvielo has spearheaded two in-house initiatives promoting diversity among borrowers: the Latino Focus Committee and New American Dream. Since its inception, New American Funding has financed 47,651 minority homeowners.
As a result of her successful track record, Arvielo has become a recognized and sought-after authority among government-sponsored entities that need insight on policy and program development. She currently serves as a member of the corporate board of governors for the National Association of Hispanic Real Estate Professionals and recently joined the Latino Donor Collaborative board. In 2016, Arvielo worked hand-in-hand with Freddie Mac to devise and launch Your Path, a new loan program that makes affordable homeownership opportunities available to a changing demographic of US borrowers. Arvielo is the recipient of numerous accolades and recognition for her professional achievements, including the 2016 EY Entrepreneur of the Year Award.