New American Funding Bolsters Its Southeastern Footprint – NMP Skip to main content

New American Funding Bolsters Its Southeastern Footprint

Oct 15, 2025
New American Funding (NAF) named Nathan Ballentine as its new regional vice president for the state of South Carolina
Managing Editor

Mortgage lender welcomes Nathan Ballentine, an industry vet with 25-plus years of experience, to his new role as regional vice president for the South Carolina region

New American Funding (NAF) named Nathan Ballentine as its new regional vice president for the state of South Carolina, where he will lead growth and development across the state, spearheading market expansion and sales initiatives.

Bringing 25-plus years of industry experience to his new role, where he will focus on recruiting and onboarding high-caliber loan officers, and fostering long-term success through coaching, mentorship, and professional development. As regional VP, Ballentine will guide teams in building strategic partnerships with real estate agents and other key industry players. By leveraging NAF's competitive pricing and proven Alliance and Partnership models, Ballentine will equip loan officers to build their businesses and deliver value to homebuyers throughout The Palmetto State.

"Nathan brings a wealth of experience and a passion for excellence that will undoubtedly drive our regional growth and success," said NAF’s EVP, National Retail Sales–East Andy Pettola. "His leadership skills, combined with his deep understanding of the mortgage industry, make him the perfect fit to lead our team to new heights."

Ballentine began his career as a high-producing originator before moving into leadership roles with Wachovia/Wells Fargo and Movement Mortgage. Known for his ability to connect with people and lead high-performing teams, he is currently serving his 11th term in the South Carolina House of Representatives, and sits on the University of South Carolina's Darla Moore School of Business Dean's Advisory Council.

He has also held numerous community leadership roles, including homeowners' association presidencies, and has been recognized by state and local Chambers of Commerce and Realtor associations.

"My career has always been about putting people first," said Ballentine. "I could not pass up the extraordinary opportunity to work with the leaders and loan officers at a Top 10 national lender who always put people first and want to pour into our state."
NAF recently named Tim Sorenson as its new divisional executive vice president for the southwest. Bringing more than two decades of mortgage lending experience to his new role, Sorenson is responsible for guiding loan officers across a broad geographic area, encompassing Arizona, Colorado, Hawaii, Kansas, Nevada, Oklahoma, Utah, Wyoming, and the Southern California region. He will also focus on accelerating growth and implementing strategic recruiting initiatives, reporting directly to Tony Blodgett, NAF’s executive vice president of national sales–west.

New American Funding is an independent mortgage lender with a servicing portfolio of more than 281,000 customers representing $73 billion in value, and 287 locations nationwide.

About the author
Managing Editor
NMP Managing Editor Eric C. Peck has 25-plus years’ experience covering the mortgage industry. He graduated from the New York Institute of Technology, where he received his B.A. in Communication Arts/Media. After graduating, he…
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