MBA Honors New American Funding With Leadership Award for Diversity and Inclusion – NMP Skip to main content

MBA Honors New American Funding With Leadership Award for Diversity and Inclusion

Oct 24, 2017
New American Funding has named Sean Casey Senior Vice President of Retail Sales for Arizona and Texas

The Mortgage Bankers Association (MBA) has recognized New American Funding with its Diversity and Inclusion Residential Leadership Award for Market Outreach Strategies for companies with more than 1,000 employees. MBA Chairman David Motley presented Co-Founders Rick and Patty Arvielo with the award during MBA’s 104th annual convention and expo in Denver.
 
The Marketing Outreach Strategies Award salutes New American Funding’s hard work, dedication, and creativity in developing Latino Focus Committee and New American Dream. MBA commended both initiatives as exemplary diversity and inclusion programs that are reaching the industry’s fastest-growing market segments.
 
“It’s an honor to receive this recognition. We’re passionate about making an impact,” said New American Funding President Patty Arvielo. “We believe it’s our responsibility to develop effective programs that equip more hard-working Americans with the opportunity to become viable homeowners.”
 
Arvielo established both initiatives as a means of serving underserved consumers. In 2013, she formed Latino Focus to enrich the Hispanic community with affordable homeownership opportunities; in May, New American Funding furthered that commitment by pledging to lend $25 billion in new mortgages to Hispanic borrowers by 2024.
 
Arvielo also created New American Dream as an avenue for educating African-American consumers and to equip them with access to relevant home loan options. Since then, she has become a frequent guest of Armstrong Williams’ Sirius XM Urban View radio show, where she has educated African-American consumers regarding homeownership.
 
Due to her role as a national housing advocate, earlier this year, CFPB appointed Arvielo to its Consumer Advisory Board. She’s also a member of the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals (NAHREP); and in 2016, the LA Times recognized Arvielo’s contributions by honoring her with its Latinos de Hoy Business Award for stellar leadership and service.

 
About the author
Published
Oct 24, 2017
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

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

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

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

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