CFPB Appoints Patty Arvielo to its Consumer Advisory Board

Co-Founder of National Mortgage Company to Serve 3-Year Term as New Board Member

News provided by

Jul 11, 2017, 13:33 ET

TUSTIN, Calif., July 11, 2017 /PRNewswire/ -- New American Funding, a leader in the mortgage industry, announced today that its Co-Founder and President, Patty Arvielo, has been named to the Consumer Advisory Board. The Consumer Financial Protection Bureau (CFPB) appointed Arvielo to a 3-year term as one of its new board members, who are consumer experts outside of the federal government.

CFPB Appoints Patty Arvielo to its Consumer Advisory Board

The Consumer Advisory Board plays an important role in making sure that the CFPB hears from a wide range of perspectives related to the consumer financial marketplace. "I consider it a tremendous honor to serve as a representative on the Consumer Advisory Board. I look forward to providing my industry insight and expertise to the CFPB," said Arvielo. "I'm passionate about working together to develop solutions that impact our industry and keep our consumers safeguarded."

As a board member, Arvielo will advise CFPB's leadership on a broad range of consumer financial issues and emerging market trends. Arvielo brings 35 years of mortgage experience to the board, which includes managing operations and sales for New American Funding's headquarters, 130+ branches, and 2300+ employees.

Arvielo has developed various consumer-based initiatives including Latino Focus Committee and New American Dream, which are programs designed to address the housing challenges facing Latino and African-American communities. She also serves as a national housing advocate through committees for the Mortgage Bankers Association and the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals.

In 2016, Ernst & Young named Arvielo EY Entrepreneur of the Year® for Orange County and inducted her into the EY Hall of Fame. She also won the 2017 gold Stevie® for Woman of the Year and the LA Times Latinos de Hoy Business Award.

Arvielo's membership role on the Consumer Advisory Board begins in November.

About New American Funding

New American Funding is a national mortgage banker licensed in 48 states with 130+ branch locations that offer 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. The company is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement, and VA Automatic mortgage lender.

SOURCE New American Funding