TUSTIN, Calif., Feb. 14, 2017 /PRNewswire/ -- New American Funding, a national mortgage banker, announced today that Orange County Business Journal (OCBJ) ranked it one of the top minority-owned businesses headquartered in Orange County. This is the third year in a row that New American Funding made the list, which includes 78 companies ranked according to annual revenue.
To be eligible for the 2017 list, companies had to be at least 51% Latino, African-American, Asian-American, Native American, or immigrant-owned. New American Funding's President and Co-Founder, Patty Arvielo, is Latina. "We're excited to once again rank as one of the largest minority-owned businesses in Orange County," said Arvielo. "This distinction is an honor. I'm extremely proud of my Hispanic roots and grateful for the impact we're making."
Arvielo manages operations and sales for New American Funding's headquarters, 130 branches, and more than 2,400 employees, while also assuming a leadership role within the Hispanic community through initiatives like Latino Focus Committee. She created the committee as an avenue to educate Hispanic consumers pursuing homeownership. Arvielo also serves on the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals and the Executive Board for Latino Donor Collaborative.
In 2016, Arvielo received a bevy of notable accolades including the LA Times Latino de Hoy Business Award, the Silver Stevie® American Business Award for Woman of the Year, and the EY Entrepreneur of the Year Award from Ernst & Young. New American Funding was also acknowledged with a silver Stevie® for Minority-Owned Business of the Year while Latino Focus was awarded a silver Stevie® for Communications or PR Campaign of the Year.
The 24th annual list of minority-owned businesses appears in OCBJ's current issue and will be published in the 2018 Book of Lists.
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 48 states, has 130+ branch locations, and offers a variety of home 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