TUSTIN, Calif., June 1, 2017 /PRNewswire/ -- For the fifth year in a row, national mortgage lender New American Funding makes Scotsman Guide Top Mortgage Lenders list. The California-based company was ranked among entries from hundreds of mortgage companies across the country in the following categories:
- Top Overall Volume: #14
- Retail Volume: #11
To view Scotsman Guide's residential ranking, please visit: http://www.ScotsmanGuide.com/TopLenders2016
Scotsman Guide, the leading resource for mortgage originators, created its 5th annual listing based on loan data from 2016. They ranked each company according to mortgage volume on residential properties that are up to four units and are located within the U.S.
"We're thrilled Scotsman Guide has again identified New American Funding as one of America's leading mortgage companies," said CEO Rick Arvielo. "We work hard to remain progressive and to be a forerunner in the industry; therefore, we count it an honor to be recognized for five years in a row. This accomplishment challenges us to continue stretching to new heights."
Arvielo guided New American Funding through 2016, a year that resulted in record-breaking profitability, which included generating more than $11.7 billion in loan volume and funding more than 40,600 loans. He also expanded the company's reach to 130+ nationwide locations and 2300+ team members by adding 36 retail branches and more than 1200 employees.
The company has received several notable accolades for its tremendous growth, which include:
- Inc. 5000 Fastest Growing Companies
- Top Mortgage Companies in America – Mortgage Executive Magazine
- Gold Best in Biz Award – Fastest-Growing Company of the Year
Due to his progressive business approach, Ernst &Young named Arvielo an EY Entrepreneur of the Year™ and inducted him into its EY Hall of Fame; while the American Business Awards℠ named him a gold Stevie® winner for Executive of the Year.
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.
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SOURCE New American Funding