Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.
According to the HUD website, the Dodd-Frank Act mandates the HUD secretary appoint an advisory committee to provide advice to the Office of Housing Counseling (OHC). The committee features leaders from the mortgage and real estate industry who advise HUD on ways to build sustainable homeownership.
Patty Arvielo
HUD Secretary Marcia L. Fudge thanked all of the committee members "for their dedication to helping shape the future direction of HUD's Housing Counseling Program. Now, more than ever, HUD-certified housing counselors are fulfilling a critical role in helping homeowners and renters remain in their homes as our country continues to address the COVID-19 pandemic and the economic impacts that resulted."
This marks Arvielo's second consecutive term on the committee. She has served for the past three years and will now serve for three more.
Arvielo brings more than 40 years of mortgage-industry experience to the committee. As co-founder and president of New American Funding, she leads the largest Latina-owned mortgage company in the U.S.
New American Funding is an independent mortgage lender with a servicing portfolio of over 210,000 loans for approximately $55 billion; 173 nationwide locations, and about 4,500 employees. Arvielo has helped to build the company through lending to minority communities by creating the Latino Focus and New American Dream initiatives, which aim to increase lending to underserved communities.
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"It is definitely an honor to be re-appointed to this critically important committee," Arvielo said. "I look forward to continuing to bring a valuable voice to the table and helping with the administration's goal of increasing access to credit and helping the communities that need it most."
New American Funding is a 2021 Mortgage Professional America 5-Star Retail Lender and has made Inc. 5000's list of Fastest-Growing Companies in America seven times.
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