TUSTIN, Calif., Aug. 17, 2016 /PRNewswire/ -- Inc. magazine today ranked New American Funding on its 35th annual Inc. 5000 list of Fastest-Growing Private Companies. This year, the national mortgage banker, headquartered in Southern California, is ranked at number 2,283, with 159% in revenue growth over the considered 2012 to 2015 period.
Their fourth appearance on the list, New American Funding continues to demonstrate significant growth, year over year. The company attributes their success to an innovation-centric business model geared toward community enrichment through mortgage education.
"We find our inspiration by paying attention to the needs of our consumers, employees, and real estate partners. We ask ourselves, 'How can we help consumers understand home loans? What would make the daily routines of our Loan Officers more efficient?' The answers have led us to create things like a state-of-the-art sound and video recording studio and a full suite of mobile apps including GoGo LO, made exclusively for New American Funding Loan Officers," commented Rick Arvielo, CEO of New American Funding.
Inc. 5000's aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period.
Arvielo adds, "Making the Inc. 5000 list again is exciting and beyond New American Funding's success, the services we're bringing to local communities and the direct contributions we're making to the economy are incredible points of pride."
Inc. is a monthly publication focused on growing companies in America. Companies on the Inc. 5000 annual list are ranked based on percentage of revenue growth and to be eligible, companies must be U.S. based, independent, and privately held. The annual Inc. 5000 event honoring all the companies on the list will be held from October 18 through 20, in San Antonio, TX.
About New American Funding
New American Funding is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement and VA Automatic mortgage lender. The company is licensed in multiple states across the nation, has over 100 branch locations and offers a variety of purchase home loan and refinance loan options, including: Conventional, FHA, Cash Out, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0, Jumbo, and Reverse Mortgages.
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SOURCE New American Funding