New American Funding Opens Silicon Valley Branch – NMP
Industry News

New American Funding Opens Silicon Valley Branch

Sep 13, 2017
New American Funding has named Sean Casey Senior Vice President of Retail Sales for Arizona and Texas

New American Funding has expanded its Northern California region to include a retail branch in the heart of Silicon Valley, a 4,000-square foot contemporary office space in downtown San Jose on the top floor of a 16-story high-rise. Chris MacNaughton, who has been with New American Funding since September of 2016 covering Northern California as Vice President of Builder and Business Development, will lead the new location as Branch Manager.
 
“We’re excited for the opening of our new branch. It’s a perfect location and prime opportunity,” said MacNaughton. “The housing market is thriving in Silicon Valley and we’re centrally located to meet the need.”
 
MacNaughton has grown the company’s presence in the market to include about 10 new home communities where New American Funding is the lender of choice. In the coming year, the Northern California builder team is expected to fund $250 million in loan volume.
 
About the author
NationalMortgageProfessional.com
Link copied
Published
Sep 13, 2017
Get the NMP Daily
Analysis and Data
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Home sellers are finally giving buyers some ground. The problem is mortgage rates are taking it right back.More than one in five homes listed for sale — 20.8% — had a price reduction in September, the highest share in nearly four years, according to Realtor.com's latest Mont...

Continue reading
Regulation and Compliance
New Appraisal Rules Could Vary By Lender Under GSE Exception

Fannie and Freddie are giving some lenders more time to adopt UAD 3.6, meaning mortgage brokers may need to navigate different appraisal requirements across wholesale partners

Mortgage brokers preparing for the Nov. 2 switch to UAD 3.6 just got some breathing room — depending on where they send the loan.Fannie Mae and Freddie Mac are offering temporary policy exceptions to approved lenders that cannot meet the Nov. 2 mandate for the redesigned Uni...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
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
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance
Sep 22, 2026