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The Mortgage Bankers Association (MBA) has announced that Rick Arvielo, chief executive officer of New American Funding, has been appointed chairman of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2017-2018 election cycle, by Rodrigo Lopez CMB, MBA chairman and executive chairman of NorthMarq Capital, and David Motley, MBA chairman-elect and president of Colonial Savings, FA and its divisions—Colonial National Mortgage and CU Members Mortgage. Arvielo succeeds Jamie Korus who served as MORPAC Chairman for the 2015-2016 election cycle.
“MBA is fortunate that Rick has agreed to serve as Chairman of MORPAC,” said Lopez. “His leadership skills, relationships within the industry and work ethic will ensure that he will build upon the overwhelming success already established by his predecessors. Also, I want to thank Jamie Korus for her service as MORPAC Chairman, and acknowledge that MORPAC raised over $2 million in the 2015-16 election cycle. This could not have happened without Jamie’s leadership and involvement in both MBA and the industry.”
Arvielo currently serves as CEO of New American Funding. He sits on both the steering committee for the Mortgage Action Alliance Committee, and the Residential Board of Governors (RESBOG). He was honored by Ernst and Young as the 2016 EY Entrepreneur of The Year Orange County, and was recognized by the Orange County Business Journal with the Excellence in Entrepreneurship Award.