Patty Arvielo

Patty Arvielo has been a leader in the mortgage industry for nearly 40 years. She has worked her way up from the bottom rung and gained extensive knowledge of the entire industry along the way. Over the course of her career, she functioned in a variety of capacities, from underwriting to processing to her current role as Co-Founder and CEO of New American Funding.

A first-generation Hispanic American, Arvielo learned the value of hard work from her mother, who built a successful cleaning business in California. At age 16, Arvielo entered the workforce with an entry-level clerical position at TransUnion Credit. From there, she landed a job at a prominent mortgage company, where she would rise through the ranks from a clerical loan opener all the way to branch manager to assistant vice president.

Living by the credo “with risk comes reward,” she and her husband Rick Arvielo launched their own mortgage company in 2003. In the years since, Arvielo has transformed New American Funding into one of the largest independent mortgage lenders in the U.S., one that helps tens of thousands of families achieve the dream of homeownership every year.

She also oversaw the creation and expansion of the company’s retail lending operation, which grew a small local operation to a national powerhouse with 170 locations and thousands of employees across the country.

In fact, New American Funding is now the largest Latina-owned private mortgage company in the nation, appearing on Inc. 5000’s list of Fastest Growing Companies in America eight times. But Arvielo’s company isn’t only defined by its size. Thanks to Arvielo’s dedication to creating an inclusive and encouraging environment, New American Funding has also become one of the best places to work in the entire country.

Arvielo and New American Funding recognize the importance of diversity and inclusion. As a result, New American Funding is committed to fostering, cultivating, and preserving a culture that respects and appreciates differences among employees, whether those differences are in ethnicity, gender, race, national origin, disability, sexual orientation, education, or religion.

The company has also been recognized multiple times as one of the best workplaces in the nation by FORTUNE and Great Place to Work®, including as a Best Workplace in Financial Services and Insurance, Best Workplace for Women, and Best Workplace for Millennials.