New American Funding Continues Midwest Expansion

Apr 25, 2017

New American Funding has expanded in the Midwest region with its latest branch in Naperville, Ill. This newest branch marks the second Chicagoland grand opening for New American in six months. The Naperville branch will be a full-service location that caters to the residential mortgage needs of local consumers and real estate agents. It will offer a complete spectrum of purchase and refinance options to the Chicago metropolitan housing market.

Jose Rincon, who has been a mortgage professional in that community for more than a decade, will serve as the Naperville branch manager. Rincon is a top-producing loan originator who ranks 24th on the National Association of Hispanic Real Estate Professionals’ (NAHREP) Top 250 Latino Mortgage Originators list.

“We’re excited to be a part of New American Funding’s expansion in the Chicagoland area,” said Rincon. “We look forward to growing with an industry powerhouse that integrates innovative technology with superior customer service to provide a pleasant experience to all of our clients.”

Rincon will be joined by an experienced mortgage team, who will service consumers in Chicago’s western suburbs.

“We’re thrilled because this location has been long awaited,” said Hamid Hamrah, New American Funding Regional VP. “We look forward to interacting with the members of the community and finding out how we can provide local homebuyers with our second-to-none service.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Apr 25, 2017

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

Wholesale

The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...

Oct

Denver, CO

More from

Industry News

Garg Claims Majority In Better Fight, Board Poised To Honor Vote

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

C-Suite Strategies

Oct 01, 2026

Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Industry News

Sep 29, 2026

CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News

Sep 23, 2026

Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News

Sep 23, 2026

Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies

Sep 23, 2026